A recording of the training session is sent to the client upon completion.
Which returns an individual entrepreneur files
The set of returns depends on the entrepreneur's tax status. Deadlines are set by the Tax Code of Georgia.
| Who files | Return | Deadline | Tax Code article |
|---|---|---|---|
| IE with small business status | monthly return, tax paid by the same date | by the 15th of the following month | 93 |
| IE with micro business status | annual return | before 1 April of the following year | 93 |
| IE without special status | annual income tax return | by 1 April of the following year | 153 |
| IE paying salaries | monthly return on remuneration paid and tax withheld | by the 15th of the following month | 153 |
| IE ceasing activity | return of gross income and deductions | within 30 business days | 153 |
How to obtain the status is described on our small business status 1% page, and a step-by-step guide to filling in the return is in our article on the tax declaration for an individual entrepreneur.
What happens if you file late
The fine is 5% of the tax under the return for each month of delay, if the delay is two months or less, and 10% after that. If the tax under the return is zero, there is no late filing fine. Unpaid tax separately accrues penalty interest of 0.05% per day.
Service Packages
Standard Package: 30 minutes
- Brief consultation on the tax portal.
- Statement of income.
- Instructions for paying tax.
Extended Package: 60 minutes
- Thorough consultation on the tax portal.
- How to write and submit applications.
- Statement of income.
- Instructions for paying tax.
Frequently asked questions
Does every individual entrepreneur file a monthly return?
No. The monthly income return is filed by an IE with small business status, by the 15th of the month following the reporting month. An IE with micro business status and an IE without special status file an annual return by 1 April of the following year. An IE paying salaries also files a monthly return on remuneration paid and tax withheld.
When is tax paid under small business status?
By the same deadline as the return: no later than the 15th of the month following the reporting month (Article 93 of the Tax Code). Tax not paid on time accrues penalty interest of 0.05% per day.