According to the government of Georgia IT and software Companies can be granted with the status of International Company to use the tax reliefs defined below:

• VAT 0%
• Income tax rate 5%
• Profit tax rate 5%
• Dividend exempt from taxation
• No Property tax

An enterprise intending to be granted the status of international company should meet certain number of conditions, which are also defined by the government.

To obtain the status, the interested person must apply to the Revenue Service with an application in the prescribed form. The application clarifies the conditions and the procedures for reviewing the application for making decision of granting the status.

To define more detailed information BDO legal and tax professionals can consult and discuss with you all the possible opportunities for your company to take an advantage of possible tax breaks.

Remember some of the Belarus IT companies including the leaders and fastest growing companies of software have already proceeded with the registration with the help of BDO.

BDO highly qualified professionals help the companies through all the necessary procedures to gain the status of an international company and enjoy the best tax reliefs while operating.

Take your time to rethink doing your business in favorable tax environment.

To learn more about the opportunity talk to BDO in Georgia.