Georgia has increased its portfolio of double taxation
agreements (DTAs) to 54 countries after its treaty with
Liechtenstein entered into force in late 2016.
The DTA signed between Georgia and Liechtenstein in May 2015
entered into force on December 21 2016 and is effective from
January 1 2017. It intends to increase economic cooperation
between the two countries and to mutually attract more foreign
The treaty includes provisions for zero-rated withholding
tax. All types of income (dividends, interest and royalties)
beneficially owned by a resident of one state will be deemed to
be only taxable in that state, with no withholding tax imposed
in the other state (from which they are being paid).
Recently, Georgia also signed DTAs with Kyrgyzstan, South
Korea and Iceland.
Lopatina Irina (email@example.com)
Tel: +995 322 18 03 10