Tax Policies
The Republic of Abkhazia levies federal and local taxes. Currently, the major tax rates are as follows:
Corporate Income tax: 18%
Personal Income Tax: 10%
VAT: 10%
Social tax: 21%
In addition, the federal and local governments impose a variety of taxes. However, foreigners investing more than $20,000 into the Abkhazian economy receive significant tax breaks. (See section on investments.)
Tax structure of the Republic of Abkhazia is bimodal and includes federal and local taxes.
Federal Taxes
- Income tax
- VAT
- Excise-duty on separate groups and sorts of goods
- Tax on operations with securities
- Customs tax
- State tax
- Transit tax
- Tax on property of enterprises
- Taxes on use of natural resources
- Tax on realization of GSM
- Tax of owners of transport means
Local Taxes
- Income tax of physical person
- Tax on property of physical person
- Land tax
- Tax for right to trade
- Tax for right to trade in wine and vodka goods
- Tax for use of national symbols
- Special tax
