#

Ease of Doing Business in

Georgia

Georgia Download Profile (1715.1KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 3,679,000
GNI Per Capita (US$) 4,160
City covered Tbilisi

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 16 23 up
7
80.20 77.72 down
2.48
Starting a Business 8 10 up
2
96.13 96.04 up
0.09
Dealing with Construction Permits 8 9 up
1
82.84 82.77 up
0.07
Getting Electricity 39 65 up
26
82.73 76.15 up
6.58
Registering Property 3 3
-
92.85 91.16 up
1.69
Getting Credit 7 7
-
85.00 85.00
-
Protecting Minority Investors 7 22 up
15
76.67 68.33 up
8.34
Paying Taxes 22 35 up
13
87.43 83.75 up
3.68
Trading across Borders 54 62 up
8
85.15 80.59 up
4.56
Enforcing Contracts 16 17 up
1
73.21 73.21
-
Resolving Insolvency 106 101 down
5
40.02 40.24 down
0.22

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

22

DB 2016 Rank:

35

Change in Rank:

up13

DB 2017 DTF (% points):

87.43

DB 2016 DTF (% points):

83.75

Change in DTF (% points):

up3.68

Indicator Georgia Europe & Central Asia OECD high income
Payments (number per year) info_outline 5 17.6 10.9
Time (hours per year) info_outline 270 221.5 163.4
Total tax rate (% of profit) info_outline 16.4 33.8 40.9
Postfiling index (0-100) info_outline 87.2 71.2 85.1
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Property tax 1 online 1% all fixed assets minus land 2.08
Corporate income tax 1 online 120 15% taxable profit 14.28
Land tax 1 online GEL 0.24 per sq. meter of nonagricultural land land area 0.04
Value added tax (VAT) 1 online 94 18% value added 0.00 not included
Personal income tax 1 online 56 20% 0.00 withheld
Totals: 5 270 16.4
  • Taxes by type Answer
    Profit tax (% of profit) 14.3
    Labor tax and contributions (% of profit) 0.0
    Other taxes (% of profit) 2.1
    Answer Score
    Postfiling index (0-100) 87.2
    VAT refunds 59.0
    Does VAT/GST exist? Yes
    Frequency of VAT/GST refund submission monthly
    Does a VAT/GST refund process exist per the case study? Yes
    Restrictions on VAT refund process None
    Likelihood of VAT audit Likely
    Time to comply with VAT refund (hours) 20.5 59.0
    Time to obtain a VAT refund (weeks) 8.5 89.9
    Corporate income tax audits 100.0
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Unlikely
    Time to comply with a corporate income tax audit (hours) 1.5 100.0
    Time to complete a corporate income tax audit (weeks) 0.0 100.0
    Administrative appeal process
    First level administrative appeal authority Revenue Service
    Is the appeal authority independent? Independent department within tax office
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines online/in printed publication/in person at tax office/other
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? Yes
    Legal time limit 20 days, can be extended by additional 45 days

Notes:

Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.

The hours for VAT include all the VAT and sales taxes applicable.

The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

The postfiling index is the average of the scores on time to comply with VAT refund, time to obtain a VAT refund, time to comply with a corporate income tax audit and time to complete a corporate income tax audit.

N/A = Not applicable.