Georgia Corporate Tax Guide 2026

Overview — Corporate Tax in Georgia

Corporate tax in Georgia is governed by the Tax Code of Georgia and administered by the Georgia Revenue Service (GRS). A company is tax resident if it is incorporated under Georgian law or if its place of effective management is in Georgia. Resident companies are taxed on Georgia-source income only (territorial system). Non-resident companies with a permanent establishment in Georgia are taxed on Georgia-source income. Companies must register for tax with GRS and obtain a Taxpayer Identification Number (TIN). The tax year is the calendar year. Annual returns are due by April 1 of the following year. Georgia's low 15% CIT rate and territorial system make it highly attractive for international business.

Standard Corporate Tax Rate — 15%

The standard CIT rate for resident companies in Georgia is 15% of taxable profit. Taxable profit is computed as gross revenue less allowable deductions including operating expenses, depreciation, interest costs, and losses carried forward. Losses may be carried forward for up to 5 years. Capital gains are included in ordinary taxable income and taxed at 15%. Georgia does not have thin capitalisation rules or general anti-avoidance rules that significantly restrict deductions. Withholding tax on dividends distributed to non-residents is generally 0% for residents of treaty countries (5% otherwise).

Small Business Regime — 0% CIT

Georgia offers a highly favourable small business regime. Companies with annual turnover below GEL 500,000 are exempt from corporate income tax (0% CIT). To qualify, the company must not be engaged in certain excluded activities (banking, insurance, investment, gambling, and a few others). The small business regime is automatically applied if the turnover threshold is met. If turnover exceeds GEL 500,000 in any 12-month period, the standard 15% CIT applies to the entire profit from the date the threshold is exceeded. The small business regime significantly reduces the compliance burden for startups and small enterprises.

Company Types — LLC (SRL) and JSC

Georgia offers two main corporate forms:

• Limited Liability Company (LLC or SRL) — the most common form, minimum 1 shareholder, no minimum capital requirement, shareholders' liability limited to their contributions. Managed by a director or board of directors. Suitable for most businesses.
• Joint Stock Company (JSC) — used for larger enterprises, shares may be publicly traded, minimum capital GEL 50,000. Requires a supervisory board and an executive board. Suitable for companies seeking public investment or stock exchange listing.

Both types must register with the National Agency of Public Registry (NAPR) and the GRS for tax purposes. Registration typically takes 1–3 days, making Georgia one of the fastest jurisdictions for company formation globally.

Capital Allowances (Depreciation)

Georgia allows tax depreciation on fixed assets using the straight-line method. Annual rates are:

• Buildings — 5% per annum
• Plant & machinery — 10–20% per annum
• Motor vehicles — 20% per annum
• Computers & office equipment — 25% per annum
• Intangible assets — 15% per annum (or over useful life)

Tax depreciation is calculated on a straight-line basis over the useful life of the asset. No accelerated depreciation or investment allowances are available under the standard system.

FAQs

What is the penalty for late filing of corporate tax returns?

Late filing attracts a penalty of 0.1% of the tax due per calendar day of delay, up to a maximum of 30%. Additional fines may apply for failure to maintain proper records.

Can foreign companies claim treaty relief?

Yes, Georgia has over 55 double tax treaties. Treaty relief may reduce or eliminate withholding tax on dividends, interest, and royalties paid to non-residents. Georgia follows the OECD Model Convention for most treaties.

Is there a minimum tax for loss-making companies?

Georgia does not have a turnover-based minimum tax. Loss-making companies may carry forward losses for up to 5 years against future profits. There is no loss carryback.

Disclaimer

This guide provides general information about Georgian corporate tax for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Georgian tax advisor or the Georgia Revenue Service for advice specific to your situation. InvestmentKit does not provide tax advice.