Georgia V.A.T. and Other Taxes

Georgia Real Estate Taxes

Real property Tax in Georgia

The standard property tax for companies having fixed assets is 1% according to the assts value in the balance sheet of the company.

Land Tax in Georgia

Land tax is imposed on land located in Georgia
The tax is GEL 5 to GEL 100 per hectare for agricultural land.
For non agricultural land the tax rate is GEL 0.24 per square metre.
In both cases the tax varies according to the location of the land.

Inheritance and Gift Tax

In general, gift tax is imposed on gifts to non relatives.
In case of relatives, gifts to first and second degree relatives are tax exempt.