How crypto tax works in Georgia
Public Ruling N201 treats individual crypto disposal gains as non-Georgian-source and therefore exempt, since locationless assets fall outside the source list.
Mining on Georgian territory counts as Georgian-source at 20%, salaries paid in crypto follow normal salary taxation, and exchange businesses face standard enterprise rules.
The ruling binds the authority but remains amendable ministerial guidance rather than statute, while banks demand VASP-sourced paperwork for fiat ramps.
Tax rates at a glance
- Investor gains
- 0%
- Mining income
- 20%
- Salary in crypto
- Taxable
- Exchange business
- Enterprise rates
- Small-business fit
- Excluded
- Exchange VAT
- None
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Long-term holdersActive tradersRemote workersExpatsFounders
Watch out for
- Ruling-not-statute status means a minister can amend N201, so positions built entirely on it need monitoring rather than permanence assumptions.
- Salary and freelance receipts in crypto are revenue, not gains: the 0% never covers service income however paid.
- Small-business-status exclusion bars exchange, custody, and client-asset activity, with breach recalculated at 20% retroactively.
- P2P fiat ramps trigger bank freezes, so VASP-sourced paperwork decides whether 0% gains ever reach spendable lari.
Frequently asked questions
Is crypto tax-free in Georgia?
Individual disposal gains are 0% under Ruling N201 as non-Georgian-source. Mining at 20%, salaries in crypto, and exchange businesses stay taxable.
Can I use small-business status for crypto in Georgia?
Not for exchange, custody, or client-asset activity, which the prohibited list excludes. Freelance service income paid in crypto is different and can qualify.
Will Georgian banks accept crypto proceeds?
Generally only with VASP-sourced paperwork and exchange statements. P2P top-ups are the top account-blocking trigger.