The Individual's Declaration Obligation
Individual tax preparation in Georgia rests on the rules of Article 153 of the Tax Code: a declaration on income tax is submitted to the tax organ by resident physical persons whose income is not taxed at the source of payment in Georgia, and by non-resident physical persons whose income from a Georgian source is not taxed at the source, by 1 April of the year following the reporting year. A person who has no obligation to declare may still submit a declaration with a request for the recalculation and refund of the tax.
Special deadlines are equally clear: an entrepreneur physical person who ceases economic activity submits within 30 working days a declaration on aggregate income and deductions, and a person in dissolution does so within 5 working days of the registration of the start of liquidation. Where heirs of the III and IV degree receive by gift or inheritance property valued at 150 000 lari or more within a tax year, the tax is payable over 2 calendar years.