Georgia establishes tax free relations with Moldova
Tweet 
Share
Georgia and Moldova are increasing economic cooperation by avoiding double taxation, meaning that people or businesses working between the two countries will be free from income and capital taxes.
The deal was signed today in Georgia’s capital Tbilisi within the Tbilisi Silk Road Forum.
Double taxation is the levying of tax by two or more jurisdictions on the same declared income (income taxes), assets (capital taxes), or financial transaction (sales taxes). This double liability is often mitigated by tax treaties between countries.
The main goal of signing the agreement was to increase economic cooperation between Georgia and Moldova and attract more foreign investments, said Georgia’s Finance Ministry.
Currently Georgia has treaties with 55 countries to prevent double taxation.
Recently Georgia signed the same agreement with Liechtenstein, Kyrgyzstan, South Korea and Iceland.
Georgia and Liechtenstein are increasing economic cooperation by avoiding double taxation, meaning that people or businesses working between the two countries will be free from income and capital taxes.
Georgia and Kyrgyzstan are increasing economic cooperation by signing an agreement on avoidance of double taxation.
Georgia and South Korea are stepping up bilateral cooperation to avoid double taxation, boost investments and increase economic cooperation.
Georgia and Iceland are stepping up their bilateral cooperation in taxation and customs affairs.
Georgian Prime Minister Giorgi Kvirikashvili has hosted his Moldovan counterpart Pavel Filip, who is on his first official visit to Georgia. Kvirikashvili addressed Filip as a "dear friend” and stressed that Moldova is a strategic ally for Georgia.
Georgia and Saudi Arabia are increasing economic cooperation by avoiding double taxation. This means that people or businesses working abroad in either country will not have to pay taxes in both countries, and will instead pay income and capital taxes in only one.
A double taxation avoidance deal signed between Georgia and Moldova in November 2017 is coming into play today.