Please note that the monthly
Posted: Sat Jan 04, 2025 4:42 am
For example, let's assume that a small entrepreneur's activity is painting the facades of buildings. In July 2025, the small entrepreneur received a total income of 10,000 GEL from painting the facades of buildings. Of this, 8,000 GEL was paid to him by the construction company LLC X, and 2,000 GEL was paid to the small entrepreneur by an individual named Y for painting the facade of his own house.
In such a case, the small entrepreneur will tax 2,000 GEL at 1% in July 2025, and 8,000 GEL will be declared by March 31 of the following year, on which he will pay a 20% tax (the taxable base for the 20% tax will be: dubai fax data income minus the documented expenses related to the receipt of said income). There are also changes to the income tax declaration of small entrepreneurs.
income tax declaration form submitted by small entrepreneurs has also changed. You can read more about this change in the Minister of Finance's Instruction #999. Taxation rules for small entrepreneurs operating in the construction sector are changing (20% instead of 1%) - Summary The Georgian Government's Resolution #415 includes amendments, as a result of which, instead of 1%, small entrepreneurs who provide construction-related services and receive income from such services from a company (for example, a construction and/or development company), organization, or individual entrepreneur will be taxed at a 20% income tax rate.
In such a case, the small entrepreneur will tax 2,000 GEL at 1% in July 2025, and 8,000 GEL will be declared by March 31 of the following year, on which he will pay a 20% tax (the taxable base for the 20% tax will be: dubai fax data income minus the documented expenses related to the receipt of said income). There are also changes to the income tax declaration of small entrepreneurs.
income tax declaration form submitted by small entrepreneurs has also changed. You can read more about this change in the Minister of Finance's Instruction #999. Taxation rules for small entrepreneurs operating in the construction sector are changing (20% instead of 1%) - Summary The Georgian Government's Resolution #415 includes amendments, as a result of which, instead of 1%, small entrepreneurs who provide construction-related services and receive income from such services from a company (for example, a construction and/or development company), organization, or individual entrepreneur will be taxed at a 20% income tax rate.