How dividend tax works in Georgia
Georgia taxes dividends paid by a resident enterprise to an individual, a non-commercial legal entity or a non-resident enterprise at 5% withholding tax.
Dividends paid between Georgian legal entities are generally not taxed at source, and dividends received by resident individuals that have already been taxed at source are not taxed again.
For companies, dividend taxation can also interact with the 15% corporate tax on distributed profit, so the combined distribution cost is often the practical number to model.
In 2026, Georgia also introduced a targeted exemption for certain dividends paid by non-financial institutions out of profits derived from distributions received from financial institutions, effective from tax year 2023.
Tax rates at a glance
- Dividend withholding tax
- 5%General
- Dividends to Georgian companies
- 0%
- Foreign dividends to resident individuals
- 0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsHolding companiesFoundersFamily officesNon-residents
Watch out for
- Georgia dividend tax is only part of the distribution cost. The company-level 15% tax on distributed profits can apply as well.
- Treaty relief may reduce the 5% withholding rate for non-residents, but the exact rate depends on the treaty and paperwork.
- Foreign withholding tax can still apply before money reaches Georgia.
Frequently asked questions
Does Georgia tax dividends?
Yes. The general dividend withholding tax rate is 5% when a resident enterprise pays dividends to individuals, non-commercial legal entities or non-resident enterprises.
Are dividends between Georgian companies taxed?
Dividends between Georgian legal entities are generally not taxed at source. That is one reason Georgia can work well for holding structures.
Do non-residents pay dividend tax in Georgia?
Usually yes at 5%, unless a treaty or a specific exemption applies. The withholding can be reduced only if the treaty conditions and documentation are satisfied.