Georgia Other Taxes: A Guide for Foreign Investors (2025)

Beyond corporate income tax, VAT, and individual income tax, Georgia levies several other taxes that foreign investors should be aware of:

1. Real Estate Taxes:

• Real Property Tax:
  • Real property tax is levied on buildings and other fixed assets.
  • The standard property tax rate for companies owning fixed assets is up to 1% of the average annual residual value of the assets as reflected in the company's financial statements.
  • Specific exemptions and reduced rates may apply, especially within special economic zones.
• Land Tax:
  • Land tax is imposed on land located within Georgia.
  • For agricultural land, the tax rates range from GEL 5 to GEL 100 per hectare.
    The exact rate depends on the location and quality of the land.
  • For non-agricultural land, the tax rate is generally GEL 0.24 per square meter, but may vary based on location.
  • It is very important to receive the exact tax rates from the local goverment, as they can change.

2. Inheritance and Gift Tax:

• Inheritance Tax:
  • Georgia does not currently have a general inheritance tax.
• Gift Tax:
  • Gift tax is generally imposed on gifts to non-relatives.
  • Gifts to first and second-degree relatives are exempt from gift tax.
  • It is very important to get up to date information regarding the rules of gift taxation, from the Revenue Service of Georgia.

3. Excise Taxes:

• Excise Taxes on Specific Goods:
  • Excise taxes are levied on specific goods, such as alcohol, tobacco products, and fuel.
  • The rates vary depending on the type and quantity of the goods.
  • It is very important to recieve the exact tax rates from the Revenue Service of Georgia.

4. Customs Duties:

• Import Duties:
  • Customs duties are levied on imported goods.
  • The rates vary depending on the type of goods and their origin.
  • Georgia has free trade agreements with several countries, which may reduce or eliminate customs duties.

5. Natural Resources Tax:

• Tax on Extraction of Natural Resources:
  • A tax is levied on the extraction of natural resources, such as minerals and oil.
  • The rates vary depending on the type of resource and the volume extracted.

Important Considerations for Foreign Investors:

• Revenue Service of Georgia:
  • Stay informed about the latest regulations and guidelines from the Revenue Service of Georgia.
• Local Authorities:
  • Property tax and land tax rates may vary by location, so it's essential to check with local authorities.
• Double Taxation Treaties:
  • Double taxation treaties may affect the taxation of certain income streams.
• Professional Advice:
  • Seek professional tax advice from experts in Georgia to ensure compliance and optimize your tax position.
• Up to date information:
  • Ensure to get up to date information from the goverment websites.