Crypto Tax Georgia: Your Guide to Cryptocurrency Taxes in Georgia

When dealing with crypto tax Georgia, the set of rules that tell you how to report and pay taxes on digital assets while living or trading in the country of Georgia. Also known as cryptocurrency tax in Georgia, it sits at the crossroads of cryptocurrency tax, global tax treatment applied to Bitcoin, Ethereum and other tokens and the Georgian tax law, the national legal framework that defines personal income, corporate profit and capital gains rules. Understanding this mix is crucial because capital gains tax, the levy on profit from selling crypto for more than you paid is the main line item most traders face.

crypto tax Georgia is not a separate tax; it's the application of existing Georgian tax rules to crypto. The first thing you need to know is your tax residency. If you spend more than 183 days a year in Georgia, you become a tax resident and must report worldwide crypto income on your personal tax return. The Georgian Revenue Service treats crypto as property, so every time you sell, exchange, or use a token to buy goods you create a taxable event. For miners and stakers, the fair market value of the coins at the moment they are received counts as ordinary income, and later disposals trigger capital gains tax.

Key Elements of Georgian Crypto Tax

Crypto tax Georgia encompasses three core requirements: record‑keeping, reporting, and payment. First, keep a detailed ledger of every transaction—date, amount, counterpart, and USD (or GEL) value. Second, file an annual personal income declaration (Form 130) where you list crypto gains under the “Other Income” section, and attach a supplemental schedule for capital gains. Third, pay the 20% flat rate on net gains after allowable deductions. The Georgian tax law also allows a 10% tax‑free allowance for capital gains under a specific threshold, so knowing the exact numbers can shave off a hefty bill.

Exchanges operating in Georgia, such as Binance Georgia or local platforms, must issue annual statements to users, which simplifies reporting but also means the tax authority can cross‑check data. That interplay—exchange reporting influencing crypto tax compliance—is a classic example of how capital gains tax determines the net amount you owe after deductions drives the entire process. Missing a single trade can trigger audits, penalties, or even criminal investigations, especially if the total taxable income exceeds the audit trigger of 100,000 GEL.

To stay on the right side of the law, follow these practical steps: (1) use a crypto‑tax software that automatically imports exchange data; (2) calculate the cost basis using the FIFO method, which is the default in Georgian practice; (3) claim any eligible expenses, such as transaction fees or mining electricity costs; (4) submit the declaration before the April 30 deadline; and (5) keep all supporting documents for at least five years in case of a tax audit. Many traders overlook staking rewards, treating them as “free money,” but those are taxable as ordinary income when received.

By now you should see how crypto tax Georgia links cryptocurrency tax, Georgian tax law, and capital gains tax into a single compliance picture. Below you’ll find a curated list of articles that break down each piece— from detailed filing guides to the latest regulatory updates—so you can turn this overview into actionable steps and avoid costly mistakes.