Banking, pensions and tax in Georgia
Georgia does not tax pensions or other income from abroad, Georgian income pays a flat 20% tax, and Social Security can be paid into a lari account.
How your pension reaches a Georgia bank, what Georgia taxes, and what you still report at home. Checked against official sources on Oct 8, 2026.
- Tax on a foreign pension
- 0% Foreign pensions are not taxed. PwC Tax Summaries. Checked Oct 8, 2026.
- Top rate, local income
- 20% All taxable income from Georgian sources. PwC Tax Summaries. Checked Oct 8, 2026.
- US Social Security
- Direct deposit SSA POMS. Checked Oct 8, 2026.
- UK State Pension
- Frozen GOV.UK. Checked Oct 8, 2026.
- Canada OAS
- No agreement Canada.ca. Checked Oct 8, 2026.
- US FBAR
- Over $10,000 Combined foreign accounts at any time in the year. FinCEN. Checked Oct 7, 2026.
Getting your pension paid in Georgia
United States
Social Security
Yes. Social Security can be paid straight into a bank in Georgia by international direct deposit: Georgia is on SSA's list of direct deposit countries. Payments must go to a Georgian lari account at a local bank.
SSA POMS. Checked Oct 8, 2026.
United Kingdom
State Pension
It can be paid to you in Georgia, but Georgia is not on GOV.UK's list of countries where the State Pension goes up every year, so it stays at the rate you first receive there.
GOV.UK. Checked Oct 8, 2026.
Canada
Old Age Security
Paid while you live outside Canada if you lived in Canada for at least 20 years after age 18. Canada has no social security agreement with Georgia, so time in Georgia does not count toward that.
Canada.ca. Checked Oct 8, 2026.
Other countries: check whether your pension can be paid abroad, whether it keeps rising with inflation there, and whether your country has a social security agreement with Georgia.
How Georgia taxes you
You are tax resident in Georgia if you are in the country for 183 days or more in any continuous 12-month period ending in the tax year. Resident individuals are exempt from tax on income that does not have a Georgian source, so a pension, dividends or interest paid from abroad are not taxed in Georgia. Income from Georgian sources is taxed at a flat 20%. The income tax scale:
| Taxable income | Rate |
|---|---|
| All taxable income from Georgian sources | 20% |
PwC Tax Summaries. Checked Oct 8, 2026.
What US citizens still report
US citizens file a US return on worldwide income wherever they live; the US has an income tax treaty with Georgia, which can decide which country taxes some income. Two reports cover money held abroad:
| FBAR (FinCEN Form 114) | Over $10,000 combined, any time |
| Form 8938, single, living abroad | Over $200,000 at year end or $300,000 any time |
| Form 8938, married filing jointly | Over $400,000 at year end or $600,000 any time |
FinCEN; IRS. Checked Oct 7, 2026.
Pension and tax questions
Can I get US Social Security paid in Georgia?
Yes. Social Security can be paid straight into a bank in Georgia by international direct deposit: Georgia is on SSA's list of direct deposit countries. Payments must go to a Georgian lari account at a local bank.
Will my UK State Pension go up each year in Georgia?
It can be paid to you in Georgia, but Georgia is not on GOV.UK's list of countries where the State Pension goes up every year, so it stays at the rate you first receive there.
Is my pension taxed in Georgia?
No. Georgia exempts resident individuals from tax on income without a Georgian source, and a pension paid from abroad has no Georgian source. US citizens still file a US return.
Do I still file a US tax return?
Yes, US citizens file on worldwide income wherever they live, and report foreign accounts on an FBAR once they pass $10,000 combined at any point in the year.
Is my foreign pension taxed in Georgia?
No. Tax residents of Georgia are exempt from tax on income that does not have a Georgian source, which covers a pension paid from abroad. Income from Georgian sources is taxed at a flat 20%.
Can I get US Social Security paid in Georgia?
Yes. Georgia is on Social Security's list of international direct deposit countries. Payments go into a Georgian lari account at a local bank.
Does the UK State Pension go up in Georgia?
No. Georgia is not on GOV.UK's list of countries where the State Pension rises every year, so it stays at the rate you first receive there.
