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Former Soviet Republic of Georgia To Become IT Tax Haven

June 20th, 2010 06:45 admin Leave a comment Go to comments

A few days ago we noted how Ukraine is driving out its software freelancers with the threat of onerous taxation. Now comes news that another former Soviet republic, Georgia, will become a tax-free zone for IT companies. It might be the Google translation, but it seems that officials there are somewhat worried about how to categorize the IT segment: “[T]he main difficulty… is to determine which organization is the IT company, and what is not: ‘While from a formal point of view it is impossible to distinguish between software developers from the oil.’”

Source: Former Soviet Republic of Georgia To Become IT Tax Haven

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