background image
8.1.1. Corporate Income Tax

The standard corporate tax  rate for companies is 15%. The  rate is applied on taxable income (being distributions and deemed distributions under the new tax regime) divided by 0.85.

Companies engaged in oil and gas operations are taxable at the rate of 10% as a result of the implementation of the "Existing Agreements" under the Law of Georgia on Oil and Gas, provided these agreements were concluded before 1 January 1998.

Companies eligible for tax incentives are eligible for a reduced corporate tax rate (see Sec. 10.).

Alternate Minimum Tax

There is no minimum tax.