Latest Treaty Updates: Georgia


Treaty Update: Georgia - Kyrgyzstan

26/10/2016

Georgia on October 13, 2016, confirmed the signing of a DTA with Kyrgyzstan.


Treaty Update: Korea, South - Georgia

13/4/2016

South Korea and Georgia signed a DTA on March 31, 2016.


Treaty Update: Cyprus - Georgia

20/1/2016

The Cyprus-Georgia DTA entered into force on January 4, 2016.


Treaty Update: Georgia - Iceland

8/1/2016

The Georgia-Iceland DTA became effective on January 1, 2016.


Treaty Update: Georgia - Latvia

5/10/2015

Georgia and Latvia signed a TIEA on September 29, 2015.


Treaty Update: Georgia - Various

5/6/2015

Georgia signed DTAs with Iceland, Liechtenstein, and Cyprus on May 13, 2015.


Treaty Update: Georgia - Belarus

4/5/2015

Georgia and Belarus signed a DTA on April 23, 2015.


Treaty Update: Portugal - Georgia

13/3/2015

Portugal published Decree 24 of 2015 in its Official Gazette on March 5, 2015, ratifying the DTA signed with Georgia.


Treaty Update: Malaysia - Georgia

11/3/2015

According to preliminary media reports, Malaysia and Georgia are engaged in negotiations towards a DTA, which is expected to be signed by the end of the year.


Treaty Update: Belarus - Georgia

12/2/2015

At a meeting on February 2, 2015, Belarus and Georgia agreed to launch negotiations towards the conclusion of a DTA, Belarus's state news agency announced.


Treaty Update: Seychelles - Georgia

6/5/2014

The Seychelles and Georgia are to launch negotiations towards a DTA, authorities in the Seychelles confirmed on April 29, 2014.


Treaty Update: Germany - Georgia

12/3/2014

Germany and Georgia signed a DTA on March 10, 2014.


Treaty Update: Belarus - Georgia

7/2/2014

According to preliminary media reports, Belarus's President on February 5, 2014, approved negotiations with Georgia towards a tax information exchange agreement.


Treaty Update: Georgia - Sweden

12/11/2013

Georgia and Sweden signed a DTA on November 6, 2013.


Treaty Update: Georgia - Sweden

11/11/2013

Georgia and Sweden signed a DTA on November 6, 2013.


Treaty Update: Georgia - Portugal

14/8/2013

According to preliminary media reports, Georgia's parliament on July 27, 2013, approved a law to ratify the DTA the nation signed with Portugal.


Treaty Update: Slovenia - Georgia

27/6/2013

According to preliminary media reports, the Government of Slovenia on June 20, 2013, approved a law that would ratify the pending DTA signed with Georgia.


Treaty Update: Georgia - Serbia

18/2/2013

According to preliminary media reports, the DTA signed between Georgia and Serbia on April 4, 2012, entered into force on January 9, 2013.


Treaty Update: Croatia - Georgia

24/1/2013

Croatia and Georgia signed a DTA on January 18, 2013.


Treaty Update: Portugal - Georgia

3/1/2013

According to preliminary media reports, Portugal and Georgia signed a DTA on December 21, 2012.


Treaty Update: Georgia - Slovenia

12/12/2012

Georgia's Ministry for Foreign Affairs on December 7, 2012, confirmed the signing of a DTA between Georgia and Slovenia.


Treaty Update: Montenegro - Georgia

26/10/2012

According to preliminary media reports, the government of Montenegro on October 17, 2012, confirmed that it has agreed with Georgia to launch negotiations towards a double tax agreement.


Treaty Update: Bahrain - Georgia

30/7/2012

According to preliminary media reports, the DTA between Bahrain and Georgia will enter into force on August 1, 2012.


Treaty Update: Georgia - Austria

12/6/2012

Georgia and Austria signed a Protocol on June 4, 2012, amending their existing DTA, to add provisions for the exchange of tax information in line with the Organization for Economic Cooperation and Development's standard.


Treaty Update: Georgia - Slovakia

8/6/2012

According to preliminary media reports, on April 5, 2012, Slovakia ratified the DTA signed between Slovakia and Georgia.


Treaty Update: Latvia - Georgia

31/5/2012

Latvia and Georgia signed a Protocol on May 29, 2012, amending their existing DTA.


Treaty Update: Liechtenstein - Georgia

11/5/2012

Liechtenstein's government announced in May 9, 2012 that Liechtenstein and Georgia have initialled a DTA.


Treaty Update: Norway - Georgia

10/5/2012

Norway's parliament approved a law on May 7, 2012, that would ratify the pending DTA between Norway and Georgia.


Treaty Update: Georgia - Serbia

6/4/2012

According to preliminary media reports, Serbia and Georgia signed a DTA on April 4, 2012.


Treaty Update: Georgia - Lebanon

26/3/2012

Georgia and Lebanon agreed to begin talks towards a DTA between the two countries during two days of inter-governmental meetings which commenced on March 22, 2012.


Treaty Update: Georgia - Hungary

22/2/2012

Hungarian National Economy Minister György Matolcsy and his Georgian counterpart Dimitri Gvindadze signed a DTA on February 16, 2012.


Treaty Update: India - Georgia

17/1/2012

India has ratified the pending DTA between India and Georgia, publishing the document in the country's Official Gazette on January 6, 2012.


Treaty Update: Georgia - Israel

4/1/2012

According to preliminary media reports, Israel on December 6, 2011, ratified the pending DTA it signed with Georgia on May 12, 2011.


Treaty Update: Georgia - Norway

16/12/2011

According to preliminary media reports, Georgia's parliament on December 6, 2011, approved a law that would ratify the pending DTA between Georgia and Norway.


Treaty Update: Norway - Georgia

14/11/2011

A DTA between Norway and Georgia was signed in the Georgian capital, Tbilisi, on November 10, 2011.


Treaty Update: Georgia - Slovakia

8/11/2011

A DTA was signed between Georgia and Slovakia in Bratislava on October 27, 2011.


Treaty Update: Georgia - Serbia

31/10/2011

According to preliminary media reports, Georgia and Serbia initialled a DTA on October 26, 2011.


Treaty Update: Bahrain - Georgia

13/9/2011

According to preliminary media reports, Georgia's parliament has ratified the DTA with Bahrain, signed on July 18, 2011. The agreement contains provisions for the exchange of tax information in accordance with the Organisation for Economic and Cooperation Development's (OECD) model agreement.


Treaty Update: India - Georgia

25/8/2011

A DTA between India and Georgia was signed on August 24, according to an announcement by the Indian Ministry of Finance.


Treaty Update: Switzerland - Georgia

9/8/2011

The Swiss government announced on August 5, 2011, that the Double Tax Agreement signed between Switzerland and Georgia has entered into force. The agreement will be effective in Switzerland from January 1, 2012, and for fiscal years from 2012 onward.


Treaty Update: Switzerland - Georgia

8/8/2011

According to preliminary media reports, the DTA between Switzerland and Georgia entered into force on July 7, 2011.


Treaty Update: Georgia - Bahrain

21/7/2011

Georgia and Bahrain signed a double tax agreement on July 18, 2011, the Bahrain Ministry of Finance has announced. The agreement conforms to the OECD model tax convention with respect exchange of information.


Treaty Update: Spain - Georgia

3/6/2011

The treaty was signed on June 7, 2010, and was gazetted on June 1, 2011. The DTA will apply from January 1, 2012. In Georgia, the DTA applies to income tax, property tax. In Spain, the treaty applies to income tax, corporation tax, income tax on non-residents, wealth tax and local taxes on income and capital. It provides permanent establishment, resident, immovable property rules, and for the elimination of double taxation and the exchange of information. Dividend withholding tax is charged at: 0% where the beneficial owner is a company (other than a partnership) holding directly at least a 10% stake in the paying company; 10% in all other cases. Royalties and interest are exempt from withholding tax.


Treaty Update: Spain - Georgia

26/5/2011

Spain ratified




Treaty Updates by Territory


Latest News


Georgia, South Korea Sign Tax Treaty 6/4/2016
Georgia and South Korea have recently signed a double tax agreement, which allocates taxing rights to the two countries to prevent the double taxation of the same income.

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Georgia Considers Tax Code Amendments 8/4/2015
A Bill containing various amendments to the Tax Code has been discussed and agreed by the Georgian Economic Council.

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OECD Releases New Peer Review Reports 6/8/2014
On August 4, 2014, the Organization for Economic Cooperation and Development's Global Forum on Transparency and Exchange of Information for Tax Purpose published peer review reports and compliance ratings for a new batch of jurisdictions.

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Liechtenstein, Georgia Initial Landmark DTA 9/5/2012
Liechtenstein and Georgia have recently initialled in Tbilisi a bilateral double taxation agreement between the two countries in the area of taxes on income and on wealth.

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India Signs Tax Agreement With Georgia 2/9/2011
The Indian government has signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital with the government of Georgia.

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Swiss-Georgia DTA Enters Into Force 9/8/2011
The Swiss Foreign Ministry has noted the entry into force of a double taxation agreement between Georgia and Switzerland.

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Spain Gazettes Two DTAs 9/6/2011
Spain has issued official bulletins paving the way for the implementation of two new double tax agreements, with Georgia and Kazakhstan.

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Revised UK-Georgia DTA In Force 7/1/2011
The United Kingdom has announced the ratification of The Double Taxation Relief and International Tax Enforcement (Georgia) Order 2010, bringing a revised text to the double tax agreement the UK signed with Georgia in 2004 into force.

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Austria, Israel Sign Tax Treaty 29/7/2010
Austria and Israel have initialed a revised tax treaty for the avoidance of double taxation between the two countries.

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Singapore, Georgia DTA Comes Into Force 30/6/2010
Singapore’s agreement with Georgia for the avoidance of double taxation, which was signed in New York in November last year, has come into force.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

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BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

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IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

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Tax Relief For California Storm Victims 11/3/2010
The State of California’s Franchise Tax Board on March 9 announced special tax relief for California taxpayers affected by the recent severe winter storms that started in January.

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