Why Choose Us
- 20 years of experience.
- Insured professional liability.
- Working in your language.
- Automated accounting software.
- Personal manager with live chat.
- Listed in the SARAS Accounting Company Registry.
Outsourced Accounting
Standard Package
- Accounting in a specialised programme.
- Processing of primary documentation.
- Preparation of monthly and annual tax declarations.
- Preparation of annual financial statements.
- Preparation of statistical reporting data.
- Preparation of bank transfers.
- Consulting.
Extended Package
- Accounting in a specialised programme.
- Processing of primary documentation.
- Preparation of monthly and annual tax declarations.
- Preparation of annual financial statements.
- Preparation of statistical reporting data.
- Preparation of necessary documentation: handover acts, contracts, invoices.
- Preparation of bank transfers.
- Preparation of monthly or quarterly management reports: profit and loss, cash flow, balance sheet.
- Consulting.
Industries Served
IT · Services · Retail · Logistics and Transportation · Healthcare · Education · Construction · Manufacturing · Financial and Tax Services
Deadlines your accounting has to meet
Most mandatory reports in Georgia are filed monthly, and missing even one deadline leads to a fine. The main deadlines for companies and IEs:
| Obligation | Deadline | Legal basis |
|---|---|---|
| Return on income tax withheld from salaries and payments | by the 15th of the following month | Tax Code, Article 154 |
| VAT return and payment | by the 15th of the following month | Tax Code, Article 168 |
| Return and tax of an IE with Small Business Status | by the 15th of the following month | Tax Code, Article 93 |
| Company property tax | return and payment by 1 April, current payment by 15 June | Tax Code, Article 205 |
| Annual financial statements | by 1 October, to SARAS | Law on Accounting, Reporting and Audit, Article 9 |
A late return is fined 5% of the tax under it for each month of delay up to two months, and 10% after that. Unpaid tax separately accrues penalty interest of 0.05% per day. More in our articles on late filing tax penalties and reporting deadlines for IEs and LLCs.
Annual Financial Reporting
Under Georgian law, all legal entities must submit financial statements to the regulator SARAS by October 1st. Companies are divided into four categories by size, annual income, and headcount; categories one and two are required to have their statements audited.
We prepare: balance sheets, profit and loss statements, cash flow statements, and notes.
From 1,500 GEL
Statistics Reporting
Companies in Georgia must submit reports to the National Statistics Office: quarterly reports by the 25th of the following month, annual reports by April 25th of the following year. Late submission carries penalties.
From 150 GEL
Property Tax Declaration (Individuals)
An individual pays property tax if their family's income for the previous year exceeded 100,000 GEL. Tax on land is paid regardless of income. Real estate, passenger cars, yachts, helicopters and planes are taxable. Assets (excluding land) are reported by value; land is reported in square metres.
Submission deadline: November 1st. Payment deadline: November 15th.
From 150 GEL
Accounting Restoration
If primary records are missing or the accounting was conducted with errors, we restore all transactions in the accounting programme. The service includes data transfer, transaction restoration, error correction, tax return preparation, and financial report preparation.
From 200 GEL per reporting month
Financial and Tax Consultation
Consultation covers: business structuring, identifying the optimal tax regime, and strategies for reducing the tax burden.
300 GEL per hour
Frequently asked questions
Which returns does an LLC file every month?
If the company pays salaries or other taxable payments, a return on withheld income tax by the 15th of the following month. A VAT payer files the VAT return by the same date. The exact set depends on the company's activity.
Where are annual financial statements filed?
With the Service for Accounting, Reporting and Auditing Supervision (SARAS), no later than 1 October of the year following the reporting period. The standard and audit requirements depend on the company's category, as described on our annual financial report page.
What happens if a return is filed late?
The fine is 5% of the tax under the return for each month of delay up to two months, and 10% after that. If the tax under the return is zero, no fine is charged. Unpaid tax separately accrues penalty interest of 0.05% per day.