Income tax highest in former Soviet countries
By Messenger Staff
Thursday, May 31Income tax in Georgia is less than in European countries, but is still one of the highest among the former Soviet states.
Georgia has a flat tax of 20%; most other use a progressive system in which the tax rate depends on individual income. Uzekistan tops out at 22%, for the highest income earners, while Ukraine taxes at 15% and Russia at 13%.
It has been suggested by economists that Georgia adopt a progressive system.
Currently it is suggested that 18% of the collected income tax goes into the state budget, with a small slice of 2% accumulated into an individual account.