Georgia

{"ftc_utility":"low","fbar_trigger_notes":"US expats with Georgian bank accounts exceeding $10,000 in aggregate with all foreign accounts must file FinCEN 114 (FBAR). Georgian banks are relatively accessible for foreigners. FATCA reporting applies. Georgian banks do report to tax authorities and financial intelligence units, but Georgia is not a FATCA Model 1 IGA country - it has a Model 1 IGA signed, so US account holder information is exchanged with the IRS.","ftc_utility_reason":"Georgia's flat 20% personal income tax applies only to Georgian-source income under the territorial system. US expats working remotely for non-Georgian clients while resident in Georgia may owe little or no Georgian income tax on that income, making the Foreign Tax Credit less useful as a shelter against US tax liability. If earning Georgian-source income, the 20% Georgian tax can generate credits, but many digital nomads and remote workers in Georgia pay minimal Georgian tax, limiting FTC utility.","presence_day_count_notes":"US citizens can enter Georgia visa-free for up to 365 days per year under Georgia's liberal visa policy, which facilitates meeting the 330-day physical presence test. There is no requirement to register or obtain a residence permit for stays under one year, though registration may be required for longer stays. The 330-day count should not be complicated by Georgian visa rules for most US citizens.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":18000,"local_tax_rate_on_earned_income":0.2,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Georgia operates a territorial income tax system. Foreign pension income received by Georgian tax residents is generally exempt from Georgian personal income tax, as it is sourced outside Georgia. The 20% flat PIT applies to Georgian-source income. Absent a tax treaty, US pension income should fall outside Georgian taxable income in most cases, but independent legal advice is recommended given no treaty clarity.","tax_rate":null,"locally_taxed":false},"social_security":{"notes":"No US-Georgia totalization agreement or income tax treaty exists. US Social Security benefits received by a Georgian resident are foreign-source income. Under Georgia's territorial system, foreign social security payments are generally not subject to Georgian income tax. No treaty protection is available.","locally_taxed":false,"treaty_protection":false},"roth_distributions":{"notes":"No US-Georgia tax treaty exists. Roth IRA distributions are treated as a return of after-tax capital and generally fall outside the definition of taxable income in Georgia under the territorial system. However, the absence of a treaty means there is no formal protection, and characterization risk exists.","locally_taxed":false},"us_401k_ira_distributions":{"notes":"Georgia and the United States do not have a bilateral income tax treaty. US 401k and IRA distributions received by a Georgian tax resident are treated as foreign-source income. Georgia applies a territorial tax system under which foreign-source passive income received by residents is generally exempt, but employment-related pension distributions from the US could be subject to the 20% flat PIT depending on classification. In practice, under the territorial rules, foreign pension income is often not taxed locally, but there is no treaty protection and the position depends on how distributions are characterized under Georgian domestic law. Consult a local tax advisor.","tax_rate":0.2,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.05,"notes":"Georgia taxes most individual capital gains at a flat 5% rate. Gains from the sale of shares listed on a recognized stock exchange may be exempt under certain conditions.","details":{"tax_type":"Capital Gains Tax","country_name":"Georgia","country_iso_code":"GEO","source_references":["PwC Worldwide Tax Summaries - Georgia","Georgian Tax Code"],"last_verified_date":"2026-06-03","general_description":"Georgia does not have a standalone capital gains tax. Gains from asset disposals are generally subject to personal income tax. The standard rate applicable to capital gains for individuals is 5% on gains from the sale of assets such as real property and shares in non-listed companies. Gains from listed securities traded on a recognized exchange are exempt from tax.","corporate_capital_gains":{"rate":0.15,"tax_treatment":"Corporate capital gains are treated as ordinary business income and taxed under the Estonian-model corporate income tax at 15% upon distribution of profits. Retained undistributed gains are not subject to tax at the corporate level."},"individual_capital_gains":{"rate":0.05,"tax_treatment":"Gains from sale of real property and non-listed shares taxed at 5% flat rate. Gains on listed securities are exempt. Short-term and long-term gains are not distinguished for rate purposes."}}}

{"notes":"Dividends paid to individual residents and non-residents from Georgian companies are subject to a 5% withholding tax. This rate also applies under Georgia's territorial system for dividends sourced in Georgia. Dividends distributed from profits that have already been subject to 15% corporate income tax at distribution bear no further withholding in some treaty scenarios, but the standard domestic rate is 5%.","rates":[{"rate":0.05,"type":"withholding","notes":"Standard 5% withholding on dividends paid to individuals, both resident and non-resident."},{"rate":0,"type":"exempt","notes":"Dividends received by Georgian legal entities from other Georgian entities are generally exempt from corporate-level tax to avoid double taxation."}]}