Georgia exempts supplies and imports of investment gold from VAT from 1 January 2026

What changed in detail

The Parliament of Georgia adopted Law No. 1061-IVმს-XIმპ “On Amendments to the Tax Code of Georgia” on 12 November 2025. It was published on the Legislative Herald website on 14 November 2025 and, under its Article 2, entered into force on 1 January 2026.

Three points of Article 1 deal with investment gold:

• Point 11 adds Article 157(წ), a definition: investment gold is a gold bar or plate of at least 995/1000 fineness, or a gold coin of at least 900/1000 fineness minted after 1800 that is or was used as legal tender in the country of issue. A note leaves the additional criteria, the procedure for establishing investment-gold status and the list of qualifying coins to an order of the Minister of Finance.
• Point 12 adds subparagraph ო¹ to Article 172(4): the supply of investment gold. Article 172 covers exemptions from VAT with the right of deduction, so input VAT on the supplier’s costs remains recoverable.
• Point 13 adds subparagraph უ¹ to Article 173: the import of investment gold is exempt from VAT.

What it means

Both exemptions have applied since 1 January 2026 and are still in the consolidated Tax Code as enacted. Because the supply exemption carries the right of deduction, it works like a zero rate: sellers of investment gold charge no VAT but keep their input credit, unlike an ordinary exemption that blocks it.

Whether a given bar or coin qualifies depends on the fineness tests in Article 157(წ) and on the Minister of Finance’s order with the coin list and extra criteria. Dealers should check each product against that order before treating a sale or import as exempt. Gold that misses the definition falls outside both exemptions.