This article details the wealth tax regulations in Georgia (country) for 2025, summarizing official data on how this tax is assessed and what rates, thresholds, and structures currently exist.
Overview of Wealth Tax in Georgia
Wealth tax is a levy on the total net worth of individuals, calculated as the value of all assets minus liabilities that exceed a set threshold. In Georgia, the wealth tax is structured as a progressive tax and is assessed specifically on property holdings.
2025 Wealth Tax Structure: Georgia
According to the official data available for 2025, Georgia’s approach to wealth taxation is highly centralized around property-based assessments. The wealth tax regime uses a progressive structure. All relevant figures are stated in Georgian lari (GEL) with a USD conversion (1 GEL ≈ $0.36 USD, FX rate as of 2025).
| Net Property Value Bracket (GEL) | Net Property Value Bracket (USD) | Tax Rate (%) |
|---|---|---|
| 40,000+ GEL | $14,400+ | 0% |
It is important to note that while the structure is officially defined as progressive, the actual tax rate applied in 2025 for personal net property value above GEL 40,000 ($14,400) is currently 0%. No further brackets or stepped rates are publicly recorded in the current regulatory data.
Assessment Basis
The wealth tax in Georgia specifically targets property as its assessment base. There is no published data on the inclusion of other asset types (such as cash, investments, or business holdings) within the scope of this tax.
Rate Information
As of 2025, no specific tax percentage is levied on net property worth exceeding the set threshold. Official government sources have not disclosed any non-zero rates for individuals, and there are no additional surtaxes mentioned. This indicates that, in practice, wealth tax on property for most individuals and businesses is effectively a zero percent charge, despite the existence of a formal threshold.
Additional Provisions
- No special surtaxes or supplementary charges are currently in force for higher value brackets.
- No published holding periods or asset duration requirements apply to the wealth tax, based on available 2025 data.
Data on scheduled updates or potential reforms to this regime is not available within the current official publications.
Pro Tips for Understanding Georgia’s Wealth Tax
- Even though Georgia has a formal wealth tax framework, the current rate for most individuals is 0%. This offers significant fiscal predictability for property owners in 2025.
- Stay alert for policy updates: Georgian tax rules are subject to periodic review, so monitor mof.ge (Georgia’s Ministry of Finance official site) for latest announcements.
- Document all property holdings carefully. Although liabilities and other asset types are not referenced, meticulous records can speed up compliance if thresholds or enforcement are revised.
- Consult a local tax specialist before acquiring high-value property, as changes to brackets or definitions might affect your tax position retroactively.
Key Takeaways on Georgia’s 2025 Wealth Tax
In summary, Georgia’s 2025 wealth tax is structured as a property-based, progressive regime with a threshold at GEL 40,000 ($14,400), but with a published rate of 0%. No other wealth tax brackets, surtaxes, or holding period provisions are in force. Professionals and property owners benefit from this transparent structure, but should remain attentive to regulatory updates that could adjust the taxation framework in the future.