Georgia: Sales Taxes: VAT, GST

Georgia has revolutionized its VAT refund system by implementing an automated, risk-based mechanism that returns surplus VAT directly to company bank accounts within 5-7 business days. This digital transformation, aligned with EU standards under the Georgia-EU Association Agreement, eliminates bureaucratic delays and injects over GEL 1 billion annually back into the economy. How does this automated system provide Georgian companies with a strategic competitive advantage in global markets?

Georgian tax legislation envisages five national taxes (Personal Income Tax, Corporate Tax, Value Added Tax, Excise Tax and Import Tax) and one local tax (Property Tax). There is no social security, wealth...

Georgia's tax reforms over the past decade have created a competitive environment, making it an attractive destination for both local and international IT companies.