Property TAX in Georgia

Georgia revenue

Property Tax

Property tax for natural persons

Taxable:
Own real estate (including uncompleted construction, building-structures or part of them), yachts (launch), helicopters, aircrafts;
Property received from non-resident with leasing:
In case of fulfillment of economic activity, on assets accounted on its balance as a principle means, on uninstalled equipment, as well as property issued by him with leasing.
Forms and terms of accounting: 
Declaration to be submitted no later than 1 November of calendar year
Number of payment to be determined:
Individual’s property tax is calculated by the tax authority based on the declaration submitted.
Payment term:
Tax is paid no later than November 15 of the calendar year
Note:
Individual submits property tax declaration, if the income of such person’s family within the previous year of current calendar year exceeds 40 000 GEL.
Land Tax for Individuals
Taxable: 
As of April 1 of the tax year:
Owned land;
State-owned land, which is used by or in the possession;
Land registered in the name of deceased person being in possession and/or use, except the cases where the use of land is executed based on lease, rent, usufruct or other similar agreement.
The form and terms:
Submit a declaration no later than 1 November of calendar year
Number of tax is determined by:
Individual’s property tax is calculated by the tax authority based on the declaration submitted.
Payment term: 
Tax is paid no later than November 15 of the calendar year
Exempt:
Agricultural lands up to 5 hectares owned by individual as of March 1, 2014;
Object of taxation (land) defined in proportion to the space being in joint property of individual residing in tenement house;
Lands attached to dwelling houses and/or garages located in the territory of self-governing cities and municipalities within the limit of the area defined by self-governing representation bodies;
Note:
The tax credit does not apply to land (or part thereof) transferred to another person by lease, usufruct, rent or in other similar form and/or to the buildings (or parts of them) transferred in the same form by enterprise/organization.
Enterprise property tax
Taxable property:
Resident enterprise/organization pay a tax on assets recorded as the principal means on its balance, uninstalled equipment, uncompleted construction, as well as leased property.
Non-resident enterprise on the property being in the territory of Georgia specified in first part of this paragraph (including lease, rent, usufruct or other similar agreement issued to the property in the territory of Georgia).
The form and deadline for submission of statements: 
Declaration, the enterprise/organization will present the estate tax return no later than April 1 of calendar year;
Payment term: 
Tax is paid no later than April 1 of calendar year;
Not later than June 15 of the tax year (in the form of current payments);
Taxable property: 
Land
The form and the deadline for submission of statements:

Declaration, the enterprise/organization will present the estate tax return no later than April 1 of Calendar year;

Payment deadline 
Enterprise/organization pays land tax no later than November 15 of calendar year

 

Local tax is introduced by local self-governing representation body within the rates determined by the government of Georgia which is binding in the territory of relevant self-governing units. See, types, rates of tax and table of payment provisions.

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