Regulatory Filings involve a business's mandatory communication with state agencies, essential for the company's legal operation. While business administration in Georgia is simplified, strict deadlines and forms for reporting exist. This applies not only to tax declarations but also to financial reporting (SARAS), pension scheme administration, National Statistics Office (Geostat) questionnaires, and specific sectoral reports (e.g., National Bank for financial institutions). Missing deadlines or submitting incorrect information leads to automatic fines, freezing of bank accounts, and reputational damage. Our service ensures your business stays in the "green zone" with the state, relieving management of the bureaucratic burden.
What does the Regulatory Filings service cover?
Our service covers all major administrative obligations:
- SARAS Reporting: Preparing and submitting annual financial and management reports to the Service for Accounting, Reporting and Auditing Supervision (Reportal.ge).
- Tax Declarations: Controlling and submitting monthly (VAT, Income Tax) and annual (Profit, Property) declarations to the Revenue Service.
- Pension Agency: Administering pension contributions and submitting declarations.
- Corporate Changes: Registering changes (director, address, charter) in the Public Registry.
- Sectoral Reporting: Specific reports for the National Bank (lending entities), Communications Commission (broadcasters), etc.
Common Scenarios and Needs
The service is critical in the following cases: Annual Closing: A company must submit 4th category enterprise reports by October 1st. Change of Director: The old director left, and the new one cannot get signature rights at the bank without a registry extract. VAT Refund: A company wants to claim back overpaid VAT, requiring precise declaration and submission of a request. Foreign Company Branch: A foreign entity needs help navigating local bureaucracy.
Georgian Legislation and Regulations
Reporting obligations are outlined in the Law on Accounting, Reporting and Auditing, the Tax Code, and the Law on Entrepreneurs. Pension contributions are regulated by the Law on Funded Pensions. It is important to know that some reports (e.g., SARAS) are public, meaning your financial status is visible to competitors, making accuracy doubly important.
Step-by-Step Process
We create a "Compliance Calendar" for your company. Before each deadline, a lawyer/accountant collects necessary data, prepares a draft, and agrees with management. Then, electronic uploading takes place on the relevant portal (RS.ge, Reportal.ge). After submission, we receive a confirmation (Receipt) and archive it. In case of errors, we make immediate corrections to avoid fines.
Why Legal.ge?
Bureaucratic errors are costly and stressful. Legal.ge offers peace of mind—we take responsibility for your regulatory obligations. Our team combines lawyers and financial experts, ensuring complete document accuracy. Focus on business, and we will handle the paperwork.
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