Overview

Capital
Tbilisi
Currency
Georgian Lari (GEL)
Date Format
dmy

Taxes

Employer
Employee

Minimum Wage

General
There is no standard minimum wage. Minimum salaries are dependent on agreements with the employer.

Working Hours

General
Full time employment is considered 40 hours weekly (48 in some specific sectors).
Overtime
Ovetime provisions must be included in workers contract.

VAT

General
18% standard rate.

Payment

Payroll Frequency
The salaries are paid on monthly basis. Paydays are usually at the end of the month, unless agreed otherwise with the employer.

Mandatory Benefits

Pension Fund
Empltoers contribute 2%, Employees contribute 2%, as well as 2% contribution from the government.
Social Security
No social security funding.

Termination

Termination Process
Employer must pay the employee all the wages due upon termination in no more than 7 days. Pne months notice is expected, however 3 days notice is allowed with compensation of an additional months salary.
Advance Notice
No advance notice needed.
Severance Pay
Employee is entitled to one month’s of regular wages as severance payment.