Tax Incentives for International Company Tax Incentives for International Company

From October 2020, certain companies operating in maritime and informational technology sector, in case of meeting certain criteria, will have an opportunity to benefit from significant tax incentives in Georgia.

Specifically, according to the amendments made in tax code of Georgia in 2019 and ordinance N619 of the Government of Georgia adopted in October 2020, a Georgian enterprise, which performs Permitted Activity defined by an ordinance of Government of Georgia and generates income solely from these activities, based on the respective application, could be granted the status of an International Company and benefit from significant tax incentives.

You can find out more about the above-mentioned tax incentives in the given brochure, which you can share with your clients.