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Social taxes must be paid by:
В· Physical person entrepreneurs and legal persons who make wage payments to employees working in Georgia or who make payments to physical person who render services in Georgia
В· Physical persons receiving remuneration from employment or the performance of services
В· Physical person entrepreneurs who conduct entrepreneurial activity in Georgia
В· Physical persons who perform non-entrepreneurial activity in Georgia, including lawyers, doctors, notaries, and other professions.
For public organizations of disabled persons as well as enterprises that have a workforce of 70 percent or more disabled persons and pensioners, the 27 percent tax rate is reduced to 10 percent.
Employers who pay wages to employees or to individuals performing services must remit social taxes to the tax administration at the time that wages are paid. Employees 'social taxes are withheld and remitted along with the employer's social tax payment. Employers are required to submit their social tax returns before the 15th day following the reporting month.
Physical person entrepreneurs and physical persons who carry out economic activities classified as non-entrepreneurial (under the Law on Entrepreneurs) must remit social taxes along with their income taxes. The social tax return must be submitted along with the income tax return.
Excise Taxes . Excise taxes are levied on specific excisable goods produced in Georgia or imported into Georgia. Unless exempted, all physical and legal persons who produce excisable goods on the territory of Georgia or who import excisable goods must pay excise taxes. Exports of excisable goods are taxed at a zero rate.
Several products are exempt from excise taxes, including:
В· Alcoholic beverages produced by a physical person for personal consumption
В· The import of 2 litres of alcoholic beverages and 200 cigarettes by a physical person for personal consumption
В· The transit and temporary import of excisable goods into the customs territory of Georgia
В· The re-export of excisable goods
В· The import of automobiles and tires for humanitarian aid during a natural disaster
В· Aviation fuel to be supplied on board for international flights
В· Import or supply of oil products necessary to carry out oil and gas transactions (specified by the oil and gas law of Georgia).
Excise taxes must be paid up to the 10th of the next month after carrying out the taxable transaction. The taxable transaction for products produced in Georgia is considered to occur at the earlier of 90 days from the delivery (transfer) of goods or the moment of payment. In the case of...
