Double taxation agreement Details of the Georgian Double Taxation Convention of the Ministry of Finance. Most contracts are available in English, click on a country on the map to get the full text. Double taxation Conventions The treaty`s main objectives in preventing double taxation and preventing tax evasion are the promotion of economic cooperation between countries and the promotion of foreign investment. The text of Georgia`s contracts is based on the model of the OECD tax treaty, which distributes tax duties among the contracting parties. In particular, residents of a Contractant State who receive income from the other State party may be taxed, either in the State of origin or in the country of residence. In order to avoid double taxation, residents of a contracting state that earns income from the other state party are paid by tax in the source state. The DBA Treaty also regulates issues relating to the prevention of tax evasion and the implementation of internationally recognized tax exchange standards. We can provide current and historical tax rates, comparison tables and country surveys through our specialized tax databases. We have current key summaries and detailed analysis of the tax system in countries around the world on corporate taxation, individual taxation, business and investment. We contain a collection of global double taxation conventions in English (and other languages, if available) to assist members in their applications.
If you`re having trouble finding a contract, call the application team on (0)20 7920 8620 or email us at email@example.com. The list of countries with which Georgia has a double taxation agreement (DTT) is included in the «Holdings at Source» section of the Corporate Summary. On 7 June 2017, Georgia signed a «multilateral agreement under the OECD Ministry on the implementation of tax treaty measures to prevent base erosion and profit transfer» (LIV). The main objective of the multilateral convention is the implementation of measures related to the BEPS Treaty, in particular minimum standards in contracts relating to the prevention of double taxation under BEPS 6 and 14. The multilateral instrument will cover or amend 34 of Georgia`s 56 agreements to avoid double taxation. The multilateral instrument was ratified by the Georgian parliament on 27 December 2018 and the ratification instrument was tabled at the OECD secretariat. See the attached text of the Convention: Look at tax rates, the latest tax news and information on double taxation agreements with our specialized online resources, guides and useful links.