Buy and hold personally
No tax merely for holdingOwnership alone does not create a disposal gain. Keep acquisition and wallet records.
Georgia crypto tax · 2026 guide
The 0% headline—
with the boundaries.
Georgia can offer highly favourable treatment when an individual sells crypto held personally. But trading, earning, mining, company activity, banking and VASP regulation are not the same question.
2019
Ministry of Finance
Public Decision No. 201
0%
Individual disposal
generally no Georgian PIT
VAT
Crypto-to-fiat exchange
outside VAT
2023+
Virtual-asset services
NBG registration framework
Why the individual result exists
It is a source rule,
not a crypto visa.
Georgia generally taxes a resident natural person on taxable Georgian-source income. The Ministry of Finance’s Public Decision No. 201 of 28 June 2019 concluded that income a natural person receives from supplying a cryptoasset is not Georgian-source because the asset has no physical location and no identifiable issuer.
The same decision treats exchanging a cryptoasset into Georgian or another national currency as outside VAT. This is the legal foundation behind Georgia’s “0% crypto tax” reputation.
What the slogan misses
The result follows the taxpayer and transaction described by the decision. Crypto received for employment or services, an LLC’s activity, mining/hash power, custody, exchange services, NFTs, staking and DeFi can involve different facts and rules.
Transaction-by-transaction
First identify
what actually happened.
“I made money from crypto” is not enough information for a tax conclusion.
Individual sells crypto
Generally 0% Georgian PITPublic Decision No. 201 treats a natural person’s income from supplying cryptoassets as non-Georgian-source. Confirm that your facts fit.
Crypto exchanged for fiat
Outside VAT under the decisionThe exchange of cryptoassets into national or foreign currency is not treated as a VAT-taxable transaction.
Paid in crypto for work
Underlying income rules applyCrypto is the payment method, not the character of the income. Salary, freelance or service income must be analysed normally.
Trading through an LLC
Corporate rules applyA Georgian company is not covered by the natural-person position; distributed-profit tax, accounting and possible VAT issues apply.
Mining / hash power
Separate service analysisVAT place-of-supply depends on the customer. Georgian and foreign recipients can produce different results.
Do not mix the taxpayers
Personal investor,
IE and LLC.
Own-account investing
Generally 0% PIT on disposalThe cleanest case under Decision No. 201. It does not require creating an IE merely to hold or sell your own crypto.
Business or services
Do not assume the 1% rateSmall Business Status concerns eligible business turnover. Classify the underlying work and excluded activity before invoicing, mining or treating trading as IE income.
Read the 1% guide →Corporate activity
15% distributed-profit modelCompany accounting, deemed distributions, 5% dividend withholding, VAT and transfer pricing may apply. The combined cash cost is not accurately described as a simple “20% rate.”
Accounting support →Mining and computing power
The customer’s location
can change VAT.
Decision No. 201 distinguishes disposing of cryptoassets from supplying computing power used to generate them. Hash-power supply is treated as an electronically supplied service for VAT place-of-supply purposes.
Outside Georgian VAT
Where the qualifying recipient is established or managed outside Georgia and has no relevant Georgian fixed establishment, the supply is generally outside Georgian VAT, while the decision preserves input-VAT deduction rights.
Potentially 18% VAT
Supply to a recipient established, managed or having the relevant fixed establishment in Georgia is treated as supplied in Georgia and can be VAT-taxable.
Tax is only one layer
When own-account activity
becomes a regulated service.
The NBG framework concerns virtual-asset services provided for another person: exchange, transfer, custody/administration and related services. Registration and AML/CFT obligations can apply even when a tax transaction looks favourable.
Bank-ready evidence
A tax exemption does not
replace source of funds.
Prepare the story before a large transfer reaches the bank. Screenshots alone are weak evidence.
Identity trail
Exchange KYC records, account ownership and the link between each exchange account and wallet.
Acquisition
Date, asset, quantity, purchase price, fees, exchange and transaction hash.
Disposal
Date, asset sold/swapped, proceeds, fees, counterparty or platform and bank receipt.
Wallet map
A list of your custodial and self-custody wallets, with evidence that transfers between them are your own.
Source of wealth
Employment, business sale, savings, earlier investments, inheritance or other origin of the capital.
Tax residence
Travel-day evidence, Georgian certificate where relevant, and advice for every other country that may claim residence.
The cross-border trap
Georgia cannot exempt you
from another country.
Citizenship, previous residence, a permanent home, family, business management and days spent abroad can keep another tax system involved. Some countries tax worldwide income; some apply exit tax, temporary non-residence rules or special reporting for crypto.
- Map every country that could treat you as tax resident.
- Check treaty residence rather than choosing the more attractive domestic answer.
- Confirm the tax year: a Georgian 183-day period and another country’s year may not align.
- Review reporting even where the underlying gain is exempt.
- Do not relocate or realise a gain until the sequence is documented.
Crypto tax FAQ
Questions worth answering
before cashing out.
Is crypto tax really 0% in Georgia?
For a natural person disposing of cryptoassets, Georgia’s 2019 Public Decision supports no Georgian personal income tax because the income is not treated as Georgian-source. That does not automatically cover employment, services, mining, a company or another country’s tax claim.
Must I spend 183 days in Georgia?
The 183-day test is central to ordinary Georgian tax residence, but it is not a magic switch that cancels foreign obligations. Establish which countries treat you as resident and whether a treaty applies.
Is crypto-to-crypto trading covered?
The decision addresses the supply of a cryptoasset and exchange into national or foreign currency. For frequent swaps, DeFi and newer instruments, obtain fact-specific confirmation instead of stretching the wording.
Are staking rewards and airdrops tax-free?
The 2019 decision does not expressly settle every newer product. Reward mechanics, services performed, source, taxpayer type and later disposal all matter. Keep records and request advice before relying on 0%.
Can I use the 1% Small Business regime for trading?
Do not assume so. Small Business Status applies to eligible IE business turnover and has excluded activities. Personal investing, payment for services and operating an exchange are different cases.
Can Georgian shops accept crypto?
The National Bank states that a virtual asset is not legal tender and payments with virtual assets are prohibited except in limited cases necessary for virtual-asset services.
Do I need VASP registration?
Buying, holding or trading for your own account is different from providing exchange, transfer, custody or related virtual-asset services for another person. Service providers in Georgia generally require NBG registration or relevant financial-sector authority.
Will a Georgian bank accept crypto proceeds?
There is no guaranteed “crypto-friendly” account. A bank can request source-of-funds and source-of-wealth evidence, transaction history and tax-residence explanations, and can decline or restrict a relationship under its risk policy.
Tax and documentation review
Bring us the facts.
Get a defensible route.
We can coordinate a Georgian review of taxpayer type, residence, transaction flow, business structure, VAT and the records likely to be requested by a bank.
Ask on WhatsApp ↗hello@tbilisiexpats.comTBILISI EXPAT LLC · ID 405617606 · Besiki 4, Tbilisi
Primary and regulatory sourcesRevenue Service Georgia ↗Tax Code of Georgia ↗NBG · VASP FAQ ↗NBG · 2026 registration display rule ↗
Reviewed 17 July 2026. General information, not individualized tax, legal, investment or banking advice. Public Decision No. 201 should be checked in its current Georgian text and against the complete facts before a material transaction.