Is there an annual property tax?
Yes, but only for household annual incomes exceeding 40,000 GEL. The rate varies from 0.05% to 1% of the cadastral value, determined by the municipality. Most foreign investors are not subject to this tax.
Yes, but only for household annual incomes exceeding 40,000 GEL. The rate varies from 0.05% to 1% of the cadastral value, determined by the municipality. Most foreign investors are not subject to this tax.