Georgia: Income and profits taxes

* indicates monthly or quarterly data series
 Georgia

Income, profits, and capital gains taxes: percent of revenue

 Latest value 35.58
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 27.09
 Min - Max 16.29 - 36.66
 Source The World Bank
For that indicator, we provide data for Georgia from 1995 to 2022. The average value for Georgia during that period was 27.09 percent with a minimum of 16.29 percent in 1996 and a maximum of 36.66 percent in 2011. The latest value from 2022 is 35.58 percent. For comparison, the world average in 2022 based on 19 countries is 32.05 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Georgia - Income and profits taxes - Recent values chart

Historical chart
Georgia - Income and profits taxes - historical chart - 1995-2022




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 12.48 2022 percent
 Government spending, in dollars 3.09 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.00 2022 percent
 Government debt 40.50 2023 percent
 Government expenditure 2.59 Q3/2023 billion
 Tax revenue 23.09 2022 percent
 Commercial tax rate 9.90 2019 percent
 Tax preparation time 216 2019 hours
 Number of taxes 5 2019 taxes
 Taxes on goods and services 48.24 2022 percent
 Taxes on international trade 0.64 2022 percent
 Income and profits taxes 35.58 2022 percent
 Foreign aid 767.64 2021 million U.S. dollars
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