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4.3. Branch Profit (Deemed Remittance) Tax

Effective 1 January 2017, Georgia moved from a standard corporate tax based on net profits to a system whereby the tax is due only on profit distributions and deemed distributions (see Sec. 5.). Under the new system, the Georgia PE of a non-resident is liable to tax not on actual profits but on all disbursements, including profits remitted to the foreign head office.