Year-end accounting and reporting, matched to your structure.

What you get#

A clear year-end for your Georgian IE or company: the books closed, and the reporting that actually applies to your structure identified and handled within the agreed scope.

The right filings for your structure, not a one-size return. Georgia's main business taxes are declared monthly. An IE with Small Business Status files its 1% return every month and has no annual return for that income. A company on the distributed-profit model files profit-tax returns monthly too. What comes at year-end is different by structure:

• Companies submit annual financial statements to SARAS, the financial-reporting supervisor, by 1 October.
• A company holding taxable property files a property-tax return by 1 April.
• An IE outside Small Business Status generally files an annual income-tax return by 31 March.

Year-end close of the books. We reconcile the year, review the balances and prepare what your reporting needs, so the figures you rely on match what was filed during the year.

A fixed quote before chargeable work. Routine year-end work already included in your monthly accounting with us isn't billed again. Anything outside that scope — a statement or return your engagement doesn't cover, earlier years, catch-up work — is scoped and quoted in writing before we start.

Filed through the same delegated access. Where a filing goes through the Revenue Service portal, we use the same delegated rs.ge access as your monthly accounting.

What we do#

Step 1 — Confirm what applies. We confirm your structure, its status and size, and which year-end reports and returns apply for the year.

Step 2 — Confirm the scope and any quote. We set out what's covered by your monthly accounting engagement and what, if anything, needs a separate fixed quote.

Step 3 — Close the year. Reconciliation, year-end balances and the supporting documents.

Step 4 — Prepare and submit in the agreed scope. We prepare the applicable reports and returns, review anything material with you, and submit them through the relevant channel.

What's included#

• Confirmation of the year-end filings that apply to your structure
• Year-end reconciliation and close of the books
• Preparation and submission of the applicable reports and returns, as agreed in your engagement scope
• Review with you of any material year-end points

Pricing: on request. Standard year-end work covered by your monthly accounting isn't charged twice. For new clients, earlier years, catch-up work or filings outside your agreed scope, we give a fixed quote in writing before work begins.

International Company, Free Industrial Zone and multi-entity structures are scoped individually. Questions that come up along the way — approaching the VAT threshold, a possible restructuring — are flagged and handled as their own engagement, such as a Tax Consultation, rather than folded into year-end work.

When you need it#

IE with Small Business Status. No annual return for the Small Business Status income — the 1% is declared monthly. Other income outside the status can create a separate annual filing, which we assess case by case.

IE without Small Business Status. Generally an annual income-tax return by 31 March.

Ordinary LLC and Virtual Zone LLC. Profit tax is declared monthly. At year-end: annual financial statements to SARAS, and a property-tax return where the company holds taxable property.

International Company and Free Industrial Zone companies. Scoped individually for your structure.

Why Happy Georgia#

Independent advisory. No tied tax software, no commission for steering you toward unnecessary year-end work. If your structure has little to file at year-end, we say so.

Foreign clients only. Our entire practice is foreigners running Georgian companies. Every engagement starts from your own situation: where you live and pay tax, who your clients are, and what you plan to do in Georgia.

Fixed pricing, no tourist tax. Anything not already covered by your monthly accounting is quoted as a fixed price before work begins. We quote in EUR, we honor the quote, no surprises later.

Frequently asked questions#

Does an IE with Small Business Status file an annual tax return?#

Not for its Small Business Status income — the 1% return is filed every month. If you also have income outside the status, that can lead to a separate annual return; we check it for your situation.

Does my LLC file an annual profit-tax return?#

A company on the distributed-profit model, including a Virtual Zone LLC, declares profit tax monthly rather than in an annual return. Its year-end obligation is the annual financial statements to SARAS, plus a property-tax return if it holds taxable property.

When are the year-end deadlines?#

Company financial statements to SARAS: by 1 October of the following year. An IE's annual income-tax return, where one is due: by 31 March. A company's property-tax return, where it applies: by 1 April. A deadline on a non-working day moves to the next working day.

Is year-end work included in my monthly accounting?#

Routine year-end work that's part of your agreed monthly accounting scope is included and never billed twice. Your engagement sets out which year-end reports and returns it covers; anything beyond it is quoted before we start.

Can I use annual filing without monthly accounting?#

Yes, as a quoted engagement. Without accurate monthly records, the year-end work usually starts with reconstructing the year, which we scope and quote first.

What if I missed filings during the year?#

We sort out the missed filings first, as a quoted catch-up, so the year-end reporting rests on a clean position.

Does this cover my home-country tax obligations?#

No — this is Georgian-side year-end reporting only. Filings in your country of residence sit with your adviser there.

Ready to set up?#

A free consultation confirms which year-end filings apply to your structure, what your monthly accounting already covers and whether anything needs a separate quote. Most consultations resolve the scope in 30 minutes.