Enter your average income below to estimate applicable
My
average income is
€
48550
per year
Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.
Dividends. A single payment made annually out of accumulated profits.
Salary. A fixed monthly income you pay yourself to cover your living expenses.
Sole trader. You're running your business as an individual with an unlimited responsibility
We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.
A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.
We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.
Estimated living cost is €4803 per year
Additional information
Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.
Source of data for Batumi model
-
Article 81 – Tax rate - TAX CODE OF GEORGIA (English)
Last time retrieved: 2019-09-30T15:42:42Z
-
Article 99 – Tax exemption - TAX CODE OF GEORGIA (English)
Last time retrieved: 2019-09-30T15:42:42Z
-
Article 89 – Granting the status of a small business (English)
Last time retrieved: 2019-09-30T15:42:42Z
-
Article 90 – Taxable income of small business and tax rates (English)
Last time retrieved: 2019-09-30T15:42:42Z
Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.
Dividends. A single payment made annually out of accumulated profits.
Salary. A fixed monthly income you pay yourself to cover your living expenses.
Sole trader. You're running your business as an individual with an unlimited responsibility
We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.
A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.
We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.
Estimated living cost is €7485 per year
Additional information
Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.
Source of data for Tbilisi model
-
Article 81 – Tax rate - TAX CODE OF GEORGIA (English)
Last time retrieved: 2019-09-30T15:42:42Z
-
Article 99 – Tax exemption - TAX CODE OF GEORGIA (English)
Last time retrieved: 2019-09-30T15:42:42Z
-
Article 89 – Granting the status of a small business (English)
Last time retrieved: 2019-09-30T15:42:42Z
-
Article 90 – Taxable income of small business and tax rates (English)
Last time retrieved: 2019-09-30T15:42:42Z
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Additional information
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