SARAS Reporting Deadline in Georgia - What You Need to Know
- ibccstax
- Aug 29
- 2 min read
Updated: Sep 19
Running a company in Georgia offers many opportunities, but it also comes with responsibilities. One of the most important obligations for businesses is SARAS reporting, and the next deadline is approaching fast.
So, what is SARAS reporting, who needs to comply, and why is the 1 October deadline so important? Let’s break it down.
What is SARAS, and Why Does it Matter?
SARAS (Service for Accounting, Reporting and Auditing Supervision) is the Georgian government body that monitors how companies prepare and submit their financial statements.
Its role is not just bureaucratic - SARAS exists to bring more transparency, trust, and alignment with international standards. In practice, it means that companies need to keep their finances structured, while giving regulators, investors, and partners confidence that the numbers reflect reality.
SARAS Reporting in Georgia: Who Needs to Report?
Not every company in Georgia has the same reporting obligations. All entities are classified into categories (I-IV and micro entities) based on:
Revenue
Assets
Number of employees
Public interest
Each category has different rules about the type of financial statements, whether an audit is required, and whether reports must be filed through the SARAS portal.
Sounds complicated? That’s because it often is - many companies struggle to correctly identify which category they belong to. Misclassification can lead to unnecessary stress or even penalties.
SARAS Key Deadline: 1 October
For most companies, the deadline to submit annual financial statements to SARAS is 1 October of the year following the reporting period.
What Needs to Be Submitted?
The exact requirements depend on the company’s category, but in general, this may include:
Annual financial statements
Audit opinion (if required)
Submission via the SARAS online portal
While this might sound straightforward, in practice, the process can feel overwhelming, especially for companies that do not deal with SARAS regularly.
What Happens if You Miss the SARAS Deadline?
Late submission or non-compliance can lead to financial penalties and other administrative restrictions. Beyond that, it can slow down processes like applying for bank loans, attracting investors, or passing future audits.
In short: timely reporting is about much more than just avoiding a fine - it is about protecting your company’s credibility.
How IBCCS TAX Georgia Can Help with SARAS Reporting
We know that SARAS reporting raises many questions. At IBCCS TAX Georgia, we support clients by:
Identifying their reporting category
Preparing financial statements in line with Georgian standards
Submitting reports on time via the SARAS portal
Advising on compliance and helping to avoid common mistakes
Our accounting and tax experts work with both local and international businesses to make SARAS reporting smooth, stress-free, and compliant.
Want to Learn More? Watch our Free Webinar Recording!
Note: The recording is in Georgian
Because many businesses are unsure about their SARAS obligations, we hosted a free webinar where our experts guided them through the process and answered their questions.
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