Note on Georgia’s Tax Code: Law 1904 on tournaments does not affect property
Law No. 1904 of October 28, 2026 (published on October 30, 2026, in force on publication) introduced a 20% rate on winnings in international tournaments and an exemption for foreigners when the prize fund exceeds GEL 3,000,000. The consolidated version of October 15, 2026 reflects Law No. 1888 (extension of the VAT exemption on supplies of real estate until January 1, 2033).
What this changes in the calculation
Nothing; rates on rent, sale and property are unchanged.