Accounting Services in Georgia | ITAGEO
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Accounting

Accounting in Georgia: Compliance Handled by People Who Know It Well

Monthly filings, annual financial statements and IFRS-compliant reporting: we keep your accounting in order, wherever you are.

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Anyone operating in Georgia — whether through a company (LLC) or Individual Entrepreneur (IE) status — must keep accounting records in Georgia in line with IFRS standards, with simplified formats for smaller businesses. It's not just about filings: financial statements and reporting must be prepared to precise deadlines, and a mistake or delay can be costly in penalties.

ITAGEO offers ongoing, fully remote accounting: processing of source documents, monthly and annual tax filings, financial statements, and direct communication with the Georgian tax authority when needed.

Step by Step

How It Works

1
Document Collection
We receive invoices and source documents, digitally and remotely if needed.
2
Bookkeeping
We record transactions in line with the IFRS standards required in Georgia.
3
Tax Filings
We prepare and submit filings to the Revenue Service by the deadlines.
4
Financial Statements & Reporting
We prepare financial statements and periodic reports, always available to you.

What's Included

  • Processing of source accounting documents (invoices, receipts)
  • Bookkeeping in line with IFRS standards
  • Preparation and submission of tax filings
  • Annual financial statements and periodic financial reporting
  • Ongoing tax advice and liaison with the Revenue Service

Recurring Obligations

  • Monthly Filings
    VAT, income tax, corporate tax — by the 15th of the following month
  • Annual Filing
    Property and land tax, by 1 April of the following year
  • Annual Financial Statements
    Filed with SARAS, published on reportal.ge

By Business Size

  • Micro Business (up to 30,000 GEL/year)
    A single simplified annual filing
  • Standard LLC
    Monthly filings + full annual financial statements
  • Large Companies
    Mandatory audit above asset and staff thresholds
Thresholds and requirements must be confirmed case by case: they depend on total assets and number of employees.

Frequently Asked Questions About Accounting in Georgia

What happens if I file a return late?

There is a penalty equal to 10% of the amount due for each return filed late — one more reason to leave deadlines to someone who tracks them every day.

Are company financial statements public in Georgia?

Yes, financial statements filed with SARAS (Georgia's accounting oversight authority) are published on the public portal reportal.ge — consistent with the overall transparency of the Georgian corporate system.

Does my company need an audit?

Only if it exceeds certain asset thresholds (starting around 10 million GEL in assets) or staff thresholds (over 50 employees). Most small and medium-sized international businesses in Georgia fall below these requirements.

Do you handle both LLCs and Individual Entrepreneurs?

Yes, we manage accounting for LLCs, Joint Stock Companies, branches and Individual Entrepreneurs, with a simplified approach for those with small business status.

Can I manage my accounting entirely remotely?

Yes, the service is designed to work remotely: you receive and send documents digitally, with no need to be physically in Georgia.

Related Services

Individual Entrepreneur Status

Registration as an Individual Entrepreneur in Georgia.

Company Registration

If you still need to set up your company (LLC) in Georgia.

Taxation in Georgia

The full tax picture for investors and expats.

Want to hand over your accounting in Georgia to us?

Tell us about your situation: together we'll work out the right level of service for your business.

Talk to Our Team