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GE Tax 2023

iCalculator™ GE: Georgia Tax Calculators

Welcome to iCalculator™ GE, your comprehensive suite of free tax calculators for Georgia. iCalculator™ has provided free tax calculators for Georgia since 2019. Since those early days we have extended our resources for Georgia to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Georgia Tax Calculator and salary calculators within our Georgia tax section are based on the latest tax rates published by the Tax Administration in Georgia. In this dedicated Tax Portal for Georgia you can access:

Georgia Tax Calculator 2023/24

The Georgia Tax Calculator below is for the 2023 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Georgia. This includes calculations for

  1. Employees in Georgia to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Georgia.
Georgia Tax Calculator 2023
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Discover Georgia

Georgia is located at the crossroads of Eastern Europe and Western Asia, bordered by Russia to the north, Azerbaijan to the southeast, Armenia to the south, Turkey to the southwest, and the Black Sea to the west. This strategic location has made Georgia a cultural and commercial bridge between Europe and Asia. Discover more about Georgia's neighboring countries: Russia, Azerbaijan, Armenia, and Turkey.

Georgian culture is a rich tapestry of influences from both Europe and Asia, reflected in its unique alphabet, diverse architecture, and vibrant traditions. The country is known for its hospitable people, traditional music, dance, and a cuisine that features a variety of flavors. Georgia is also one of the oldest wine-producing regions in the world, with a winemaking history that dates back thousands of years.

The economy of Georgia is diverse, encompassing agriculture, mining, and manufacturing sectors. Agriculture plays a significant role, with products like grapes, hazelnuts, and citrus fruits being major exports. The country's varied climate and fertile soil make it ideal for agricultural activities. Georgia has also been developing its industrial sector, focusing on steel, machine tools, electrical appliances, and mining products like manganese and copper. Tourism is another rapidly growing sector, with Georgia's rich history, stunning landscapes, and renowned hospitality attracting visitors from around the globe.

In recent years, Georgia has made significant strides in economic reforms, aiming to improve the business environment and attract foreign investment. These efforts have contributed to a more open and competitive economy. However, challenges such as unemployment and regional disparities remain. The government's focus on infrastructure development, economic diversification, and integration into global markets signifies its commitment to fostering sustainable economic growth.

Overview of Taxation in Georgia

The tax system in Georgia is characterized by its simplicity and efficiency, encompassing various types of taxes applicable to individuals and businesses. Key elements of this system include personal income tax, corporate tax, and value-added tax (VAT). Personal income tax in Georgia is levied on the income of individuals, including wages, salaries, and other earnings. Corporate tax applies to the profits generated by businesses. VAT, a consumption tax, is charged on most goods and services, playing a vital role in Georgia's revenue generation.

Additionally, the Georgian tax system includes property taxes and excise taxes. Property taxes are imposed on real estate ownership, while excise taxes are levied on specific goods like alcohol and tobacco. Customs duties also play a role, particularly for goods imported into the country. The tax system is designed to be business-friendly, with the aim of encouraging investment and economic growth.

For those conducting business or residing in Georgia, understanding the local tax regulations is crucial for compliance and strategic planning. The government offers various incentives and exemptions in certain sectors to stimulate development and investment. For the latest information on Georgian tax regulations, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, an essential resource for navigating the complexities of taxation in Georgia.