BUSINESS
Property tax for car owners to be implemented in Georgia from 2017
06 December, 2016
According to the amendments planned by the government the new property tax for car owners will enter into force beginning from 2017.

In particular, according to the new bill, the amendments will touch the paragraphs 201, 202 and 205 of the Tax Code and will concern the car owner families, whose annual income is 40 000 GEL or more. Besides, as noted in the draft bill, the amount of payment will depend on the age of the particular automobile.

‘The
individual, whose family’s overall annual income is 40 000 GEL or more, will have to pay a property tax on all the cars in his/her possession. The amount of annual payment depends on the age of the car and is as follows’, - the draft bill says.

Age fixed fee in GEL

Under 1 year GEL 500
1 to 5 years GEL 240
5 to 10 years GEL 120
Above 10 years GEL 60
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