Which rate applies to money received on a Sunday?

The last rate published by the National Bank before that date — in practice, Friday's. NBG does not publish on weekends or public holidays, and the applicable rate is the most recent published one, not the next one.

Can I convert my whole month at one rate?

No. Each receipt converts at the rate for its own date, and the lari amounts are then added. Converting a monthly total at a single rate gives a different figure with no date that justifies it.

What if I invoiced in December and was paid in January?

It is January turnover, converted at the January date the money arrived. The invoice date does not enter the calculation for this regime.

Does the 1% apply before or after the payment provider's fee?

Before. The base is gross turnover, so a fee deducted by a bank or platform does not reduce it. Convert the gross amount received, not the net that reached your balance.

Which exchange rate applies to foreign-currency income in Georgia

Foreign-currency income is converted to lari at the National Bank of Georgia rate for the date the money was received. Not the invoice date, not the rate on the day you file, and not a monthly average. Each receipt is converted on its own date, and the results are added — not the other way round.

The date that matters is the date the money arrived

Three dates compete for attention on any foreign payment: when you invoiced, when the money landed, and when you file. Only the second one is used.

That means a December invoice paid in January converts at a January rate and belongs to January turnover. The invoice date does not appear anywhere in the calculation.

It also means the rate is fixed the moment the money arrives. It does not matter what the lari does afterwards, and there is nothing to recalculate later.

Georgian Tax Code Art. 90; NBG published rates

Weekends, holidays, and the last published rate

The National Bank does not publish a rate every day. Weekends and public holidays have none.

A payment that lands on a day with no published rate uses the last rate published before it. A Sunday receipt therefore converts at the Friday rate — not at Monday's, which would be using a rate that did not exist when the money arrived.

This is a small distinction that shows up constantly, because international transfers land on weekends all the time.

Convert each receipt, then add — never the reverse

The correct order is: convert every individual receipt at its own date, then sum the lari amounts. The wrong order — sum the foreign currency for the month, then convert the total at one rate — produces a different number, and it is not a rounding difference.

Over a year with a moving rate, converting a month's USD total at a single rate can be off by a meaningful amount in either direction. It is also indefensible if anyone asks how you got there, because no single date justifies the rate you used.

Rounding follows the same discipline: round each converted amount, then add, so the arithmetic can be reproduced line by line.

Keep the rate, not just the result

Record the rate you applied and the date it came from, alongside the transaction. A year later, reconstructing which rate applied to which receipt is slow, and the archives are not always where you expect them.

If the Revenue Service asks how a declared figure was reached, the answer that ends the conversation is a statement that reconciles line by line to the declared total, with each rate and rate date attached.

This is worth doing even for a handful of transactions, because the cost of keeping it is a column and the cost of not keeping it is an afternoon.

FAQ

Which rate applies to money received on a Sunday?: The last rate published by the National Bank before that date — in practice, Friday's. NBG does not publish on weekends or public holidays, and the applicable rate is the most recent published one, not the next one.
Can I convert my whole month at one rate?: No. Each receipt converts at the rate for its own date, and the lari amounts are then added. Converting a monthly total at a single rate gives a different figure with no date that justifies it.
What if I invoiced in December and was paid in January?: It is January turnover, converted at the January date the money arrived. The invoice date does not enter the calculation for this regime.
Does the 1% apply before or after the payment provider's fee?: Before. The base is gross turnover, so a fee deducted by a bank or platform does not reduce it. Convert the gross amount received, not the net that reached your balance.

Sources

Georgian Tax Code Art. 90; NBG published rates

This guide summarises published Georgian regulations and cites its sources. It is not legal or tax advice, and it cannot account for your particular circumstances. You remain responsible for what you file.

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