Category IV
SARAS-approved simplified standard; a full set and comparatives still matter.
SARAS reporting · Georgia 2026
Annual reporting
beyond tax returns.
Determine the company category, use the correct financial-reporting standard, arrange an audit where required and submit through Reportal.
RS.GETax returns and taxpayer balance
REPORTAL.GEAnnual financial statements
SARASReporting and audit supervision
The key distinction
A tax ledger is not
a financial statement.
Most Georgian entities prepare annual statements under the framework appropriate to their size and submit them through Reportal.
Tax declarations are an input, not a substitute for closing entries, classifications, related-party review, estimates, comparatives, notes and going-concern assessment.
Do not start in September. Category, balances, evidence and audit readiness should be settled earlier.
Enterprise categories
At least two
of three indicators.
Headline map only: transition, group, PIE, sector and individual-entrepreneur rules need separate review.
Cat.AssetsRevenueEmployeesStandardAudit
IV≤ ₾1m≤ ₾2m≤ 10Category IV standardNormally no
III≤ ₾10m≤ ₾20m≤ 50IFRS for SMEsNormally no
II≤ ₾50m≤ ₾100m≤ 250IFRS for SMEsRequired
I> ₾50m> ₾100m> 250Full IFRSRequired
Category II is the residual band after excluding III and IV while remaining within its ceilings. Category I requires at least two indicators above its thresholds. PIE status can override size.
Framework and audit
Prepare the
right package.
Categories II–III
Generally IFRS for SMEs, with the possibility or requirement to use a higher framework.
Category I / PIE
Full IFRS and statutory audit, plus management and other reports where prescribed.
Groups
Category is assessed on consolidated indicators; consolidated reports and audit can be required.
Reportal workflow
Close, review,
file and verify.
Authorize
Confirm entity profile, authorized user, contacts and representative access.
Categorize
Recalculate assets, revenue and average employees; check group and PIE status.
Close
Reconcile banks, debtors, creditors, assets, loans, payroll, tax, equity and related parties.
Prepare
Apply the correct standard, policies, estimates, comparatives and disclosures.
Audit
If required, allow time for evidence, confirmations, adjustments and the final opinion.
Submit
Upload the approved package, verify publication and retain the exact filed version.
A safer calendar
Before 1 October.
Close and reconcile the year; calculate category and identify audit need.
Draft statements and resolve loans, related parties, inventory, assets and errors.
Complete approvals, management reports and audit work where applicable.
Submit and verify publication; address SARAS messages promptly.
SARAS FAQ
Annual reporting
without confusion.
Is SARAS the Revenue Service?
No. RS.ge handles tax declarations and balances. SARAS supervises accounting, reporting and audit; annual statements are filed through Reportal. Neither filing replaces the other.
Does a small or inactive LLC report?
Category IV entities generally submit annual statements. Inactivity does not automatically eliminate reporting; the statements should accurately show the company’s position.
How is category determined?
Generally by meeting at least two of three indicators—assets, revenue and average employees—with special transition, group, PIE and sector rules.
Does every LLC need an audit?
No. PIEs and Categories I and II generally require statutory audit. Categories III and IV normally do not unless another rule requires one.
Are reports public?
Reportal publishes corporate reports and searchable information. Review quality and personal-data handling while preserving required disclosures.
What is due in 2026?
Calendar-year entities submit 2025 reports as soon as available and no later than 1 October 2026. A non-calendar year generally has nine months after period end.
Preparation and filing
Turn the ledger
into a report.
We can scope category assessment, cleanup, statements, Reportal submission and audit coordination separately from monthly tax declarations.
Official sourcesSARAS reporting supervision ↗Reportal ↗Accounting, Reporting and Auditing Law ↗PIE list ↗
Reviewed 17 July 2026. General information only. Category, standard, audit and consolidation depend on complete facts and current law.