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Geogia Department of Revenue Form Pv Corp

Geogia Department of Revenue Form Pv Corp

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hello and welcome my name is florian wilk from cmc in tbilisi georgia and in my today's video i would like to talk about this small business status for individual entrepreneurs in the republic of georgia how you obtain the status what are the requirements and in which scenarios it makes sense so basically to understand what is the advantage of the small business status in georgia it means that you're taxed only at a tax rate of one percent on your revenue not on your like on a turnover not on your profits which is very important um so if you have 500 thousand larry maximum profit up to five hundred thousand larry you paid this one percent um tax on your turnover five hundred thousand george and larry is approximately depending on the exchange rate of course 136 000 euros per year so if you are in this range you have a maximum income of 136 000 euros um and you are an individual entrepreneur this is the wide organizational structure for your business then this might be v

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