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INTRODUCTION

Georgia, a country at the intersection of Europe and Asia, is a former Soviet Republic that’s home to Caucasus Mountain villages and Black Sea beaches. The capital, Tbilisi, is known for the diverse architecture and maze like cobblestone streets of its old town.

Georgia's currency is the Georgian Lari (GEL)

Abbreviations:

APA Advance Pricing Agreement
CIT Corporate Income Tax
FBT Fringe Benefit Tax
FIZ Foreign Trade Zone / Free Industrial Zone
GEL Georgian Lari
NAPR National Agency of Public Registry
OECD Organization for Economic Corporation and Development
PE Permanent Establishment
SEZ Special Economic Zone
TP Transfer Price
VAT Value Added Tax
WHT Withholding Tax