Georgia Self-Employed — Individual Entrepreneur PIT & SBS Return (rs.ge)

Confirm this is the country of Georgia (Sakartvelo, GE) — not the US state. Establish the client's tax residency status via the 183-day test and identify whether they are a registered Individual Entrepreneur. Determine which regime applies: standard 20% PIT, Small Business Status (1%/3%), or Micro Business Status (0%). Collect basic engagement documents.

Gather the full-year bank statement(s) from Bank of Georgia, TBC Bank, Liberty Bank, ProCredit, Wise, Revolut, or other institutions. Collect all sales invoices, platform payout reports (Stripe, PayPal, Wise, Upwork, Fiverr, etc.), and any monthly turnover declarations already filed. For VAT-registered clients, collect the VAT ledger and monthly DGG declarations. Convert all non-GEL amounts to GEL at transaction-date exchange rates.

For clients with Small Business Status, verify that all monthly turnover declarations were filed on time (by the 15th of each following month) via rs.ge, including zero declarations for months with no income. Identify any missing or incorrect declarations and prepare amended filings. Split turnover into the required categories: cash receipts, POS/card receipts, and bank transfers. This phase does not apply to standard 20% PIT or Micro Business Status clients.

Verify compliance with Georgia's 18% VAT obligations. Confirm whether and when the GEL 100,000 rolling 12-month threshold was crossed (registration due within 2 business days). For VAT-registered clients, reconcile all monthly VAT (DGG) declarations filed via rs.ge, confirm that VAT collected on sales is excluded from income/turnover, and identify any input VAT credits available. Note that services supplied to non-residents are excluded from the VAT threshold calculation.

Prepare the annual Personal Income Tax computation. For standard 20% PIT clients: compute taxable profit (income minus allowable deductions) and apply the flat 20% rate. For Small Business Status: confirm total annual turnover tax (1% up to GEL 500,000; 3% on excess) already paid via monthly declarations. Address any other income streams: residential rental income (5% or 20%), capital gains on vehicles/property (5%, or exempt if held >2 years), dividends and interest (5% final WHT already settled). Credit advance PIT instalments against the annual liability.

File the annual Personal Income Tax declaration on rs.ge before 1 April of the following year. Pay any net PIT balance due. Confirm no social security contributions are owed (Georgia has none — only the funded pension applies). Set up the four advance instalment payment reminders for the next tax year (15 May, 15 July, 15 September, 15 December). Review whether the client's regime remains optimal for the coming year and flag any threshold risks.