About this service
Trading in virtual assets is expanding in Georgia, and with it the number of questions grows: must income from cryptocurrency be declared, when does the obligation arise, and how are trading outcomes assessed. The Tax Code contains no separate cryptocurrency regime: income from virtual assets falls under the general income-tax framework, and the declaration obligation is determined by the same norms that govern individuals' reporting of income — the norms on residency, on payer status and on the procedure for filing a declaration. This service maps the tax consequences of crypto trading onto precisely that general framework and helps you perform the obligation correctly.
Who is a Georgian resident and why it matters
The declaration question begins with residency. Under Article 34 of the Tax Code, a natural person is considered a resident of Georgia, for the entire current tax year, if the person is actually present on the territory of Georgia for 183 days or more in any continuous 12-month calendar period ending in that tax year. The Code also provides exceptions: actual presence does not include time the person was in Georgia for medical treatment or rest, with diplomatic or consular status, in transit from one country to another, and in other specified cases; a day of presence is any day on which the person was in Georgia, regardless of the length of stay. Resident or non-resident status is determined separately for each tax period, and days counted in a previous period are not counted in the next one. For crypto trading this is decisive: a Georgian resident natural person settles tax obligations here — and many further questions, including the application of international double-taxation treaties, depend on getting the status right.
Who is an income-tax payer
Article 79 answers this question directly: income-tax payers are resident natural persons, and non-resident natural persons who receive income from a source in Georgia. This means the obligation to declare trading outcomes applies equally to a resident and — in defined cases — to a non-resident, and an error in determining tax status can be perceived either as non-declaration of payment or, conversely, as self-imposition of an unnecessary obligation.
The tax declaration — what it is and how it is filed
Article 67 defines the concept and the procedure: a tax declaration is a person's report on the calculation of a tax established by the Code. In a declaration, the aggregate tax liability is calculated in whole lari, and a liability below 1 lari is zeroed. A person may file the declaration personally with the tax authority, send it by insured postal item or electronically; the declaration forms and the electronic-filing procedure are determined by the Minister of Finance. For crypto trading one further detail matters: where a person does not file a declaration, they are deemed to have filed a declaration on the basis of which the tax due is zero, and a declaration subsequently filed for the same period is considered late — silence therefore does not remove the obligation, it merely changes the consequences.
Extension of the filing deadline
Article 68 allows the filing deadline for the annual income-tax declaration to be extended: the period is extended by 3 months where the person has paid the current instalments for the period to be declared (or has no obligation to pay them) and applies in writing to the tax authority for an extension before the deadline expires. Importantly, the extension of the filing deadline does not change the deadline for paying the tax — the time gained applies to reporting, not to payment. After an active trading year, when the calculations are many, this instrument is often the reasonable choice — but only in compliance with its conditions.
What we analyse in crypto-trading reporting
Tax reporting for crypto trading is not the entry of a single figure into a declaration. The full picture of operations is needed: the sequence of purchases and sales, exchanges, moments of withdrawal and deposit, and which events create income and which do not. The most common errors arise exactly here: the absence of history extracted from exchanges that no longer exist, confusion of operations recorded in different currencies, and blurring the boundary between personal wallets and exchange accounts. Our approach is simple: first reconstruct the factual picture, then qualify each operation for tax purposes, and only then complete the declaration. That is how one protects oneself from errors that cost far more to correct during an audit.
How we can help
Our specialists will examine your situation: we determine residency status and the circle of payer obligations, establish which operations and which incomes are subject to declaration, and help you prepare the calculations correctly and file the declaration. Where necessary we prepare the application for an extension. If the obligation has gone unfulfilled for years, we assess the consequences and define the optimal path to restoring compliance. Contact us for a concrete plan for the tax reporting of your virtual-asset trading.