5. Low and Simple Taxes
The taxation framework in Georgia is as follows:
- 20% flat personal income tax decreasing to 15% by 2012
- 18%VAT
- 15% corporate income tax
- 5% interest income and dividend tax rates decreasing to 0% by 2012
- 1%(max) property tax on the self-assessed value of property
- 0% dividend income tax on dividends from publicly-traded equities from 1 January 2009
- 0% tax on interest income from bank deposits and publicly-traded debt securities (from 1 January 2009)
- 0% capital gains tax
- 0% social insurance or similar taxes
- 0% inheritance tax
- 0% wealth tax
- 0% stamp duty or other transaction-based taxes or levies
Free Industrial Zone:
- 0% VAT
- 0% customs tax
- 0% property tax
|
|
