The Ministry of Finance of Georgia published a draft order on 5 December 2016 which introduces a monthly corporate income tax return form.
Recently a new corporate income tax regime has been adopted and this will become effective from 1 January 2017. According to the adopted regime, corporate income tax will apply in accordance with the distribution of profits to the shareholders and the taxpayers are required to file a tax return on a monthly basis, no later than the 15th day of the month following the reporting period.
The new tax return form introduced by the draft order will become effective from 1 January 2017.
