Accounting and Taxation in Georgia
Company registration is the beginning of the paperwork. Invoices, bank payments, salaries and tax returns need attention throughout the year. Our Tbilisi accounting team handles that work for Georgian LLCs, including clients who buy a ready-made company in Georgia.
We organize the handover, explain which records to send and agree the monthly reporting work in advance. You receive practical answers about your business rather than a list of tax rates without context.
Accounting services and bookkeeping price list
| Company profile | Monthly professional fee |
|---|---|
| Small company without regular VAT registration | From GEL 400 |
| Small company with VAT or reverse-charge VAT reporting | From GEL 500 |
The small-company package is based on up to five employees, up to 100 monthly transactions and business conducted through bank payments. We confirm the fee after reviewing the activity and records. Imports, stock, cash sales, high transaction volumes and more involved reporting are quoted for the work required.
What we organize each month
- Bookkeeping from the agreed invoices, contracts and bank statements.
- Preparation and filing of the tax declarations included in your accounting agreement.
- Payroll calculations and applicable withholding and pension reporting.
- VAT and reverse-charge VAT calculations where relevant.
- Reconciliation of the company's Revenue Service account and communication about filing deadlines.
- Answers to routine accounting questions connected with the agreed monthly service.
Annual financial statements and SARAS submissions, tax disputes, historical corrections and special reports are identified separately when required. That keeps the monthly service and any additional assignment clear.
Taxation types in Georgia
| Tax | Practical starting point for a standard business |
|---|---|
| Corporate profit tax | The standard rate is 15%. Under the distributed-profit system, profit kept in the business is generally taxed when distributed. Certain other payments can also trigger tax. |
| VAT | The standard rate is 18%. Mandatory registration generally arises when VAT-taxable supplies exceed GEL 100,000 over any continuous 12 calendar months, with statutory exceptions. |
| Employment income | The standard personal income-tax rate on salary is 20%, normally withheld by the employer. |
| Dividends | A 5% withholding rate generally applies to dividends paid to individuals or non-resident enterprises, subject to the applicable exemption or treaty rules. |
| Property, imports and excisable goods | Separate rules depend on the assets, goods and transactions involved. These are checked when they form part of your business. |
The treatment of a payment depends on what it is for, who receives it and the company's tax status. We review the actual transaction before applying a rate.
Reverse-charge VAT in Georgia
Purchasing services from a non-resident can create reverse-charge VAT obligations, including for a business that has no ordinary VAT registration. The place-of-supply rules and any exemption must be checked for the service concerned.
Input VAT can be deducted only where the business has the relevant entitlement and supporting documents. Registering for VAT does not automatically make every foreign-service purchase tax-neutral. Send the contract and invoice to the accountant before payment so the transaction can be recorded correctly.
Ready-made companies, IT companies and tax status
When you buy a ready-made company in Tbilisi, Georgia, we arrange the accounting handover from the agreed transfer date. We check its reporting position and the tax registrations relevant to the activity you intend to start.
IT Virtual Zone status and Free Industrial Zone operations require separate attention to qualifying income and the conditions of the relevant regime. We keep those activities distinguishable in the accounts. An LLC cannot use the Individual Entrepreneur's Small Business Status simply because its turnover is low.
Payroll and employment records
We calculate payroll and the applicable declarations from the agreed employment records. Georgian employment agreements lasting longer than one month must be written. The normal statutory working week is 40 hours, and the general minimum annual paid leave is 24 working days. Termination requires a lawful basis and the applicable procedure.
Employment contracts, right-to-work questions and a dismissal can be handled with the legal team when needed. This keeps the contract, payroll and tax records consistent.
What to send your accountant
Keep sales and purchase invoices, bank statements, contracts, payroll changes and expense documents together. Tell us about cash transactions, foreign service purchases, imports and payments to owners before the monthly filing is prepared.
A company with no trading activity still needs its reporting position monitored. We agree which filings and records are required for that company rather than assuming that every obligation disappears when there is no income.
Arrange accounting in Tbilisi
Send your company identification number, business activity, VAT position, employee count and approximate monthly transaction volume. We will explain the accounting service, the records needed for the handover and the monthly fee.
Send your enquiry
Official information: Revenue Service · Tax Code of Georgia · Labour Code of Georgia