Each year, individual entrepreneurs in Georgia, regardless of whether they have small business status or not, must submit an annual report.
As an individual entrepreneur in Georgia, you are required to declare the income you earned in 2023 before obtaining small business status or from activities that are not related to the activity on which your small business status is based.
For example, if you were doing design work and earned $1000 before obtaining small business status, you would need to pay a 20% tax according to the law.
Another example: You obtained small business status by stating that you develop software, and as a programmer, you earned $50,000 in 2023. Such income is taxed at 1%. However, during the same period, as a self-employed person in Georgia, you earned another $1,000 from your consulting service. Accordingly, you will have to pay a 20% tax on that last source of income.
If you did not have such income, then you should submit a zero report.
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