Leaving behind your tax residency in Georgia can be a significant step, whether you're relocating for work, family, or personal reasons. While the process might seem daunting, we're here to break it down into manageable steps. This guide will walk you through the required actions to ensure a smooth transition.
Review the Criteria for Ceasing Tax Residency
To officially cease being a tax resident in Georgia, you must not meet the conditions outlined in the Georgian Tax Code for tax residency. This typically involves not spending more than 183 days in Georgia within a calendar year.
Notify the Revenue Service
Inform the Georgian Revenue Service of your intention to cease tax residency. This can usually be done by submitting a written notification or filling out specific forms provided by the Revenue Service. Ensure you provide all required documentation, such as your passport and any relevant visas.
Settle Outstanding Taxes
Ensure that all your tax liabilities are settled before you cease your tax residency. This includes paying any outstanding income tax, social security contributions, and other applicable taxes. Obtain a tax clearance certificate from the Revenue Service to confirm that you have no pending tax obligations.
Close Georgian Bank Accounts (if applicable)
If you hold any bank accounts in Georgia that you no longer need, proceed to close them. While not a mandatory step for ceasing tax residency, it helps to ensure that your financial ties with Georgia are minimized.
Deregister from Local Registries
If you are registered with any local authorities or institutions (such as the local municipality or social services), make sure to deregister. This step is crucial to eliminate any residual obligations or records of your residency in Georgia.
Keep Records of Your Departure
Maintain comprehensive records of your departure from Georgia, including your notification to the Revenue Service, tax clearance certificate, and any other pertinent documents. These records will be essential if you need to provide evidence of your non-residency status in the future.
Legal References
- Georgian Tax Code Article 33
- Georgian Revenue Service Guidelines
Useful Links
