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Special Report

November 3, 2020

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legislation

    TAX INCENTIVES FOR INTERNATIONAL COMPANY

    KPMG Georgia

    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.

    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 certain tax incentives.


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