Double taxation deal between Georgia and Japan comes into force
Currently Georgia has double taxation agreements with 57 countries. Photo: Nino Alavidze/Agenda.ge.
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A double taxation avoidance deal between Georgia and Japan is coming into force starting today, reports the Georgian Ministry of Finance.
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 country.
The main purpose of the Treaty of the Avoidance of Double Taxation is to promote economic cooperation between countries and encourage foreign investments.
Currently Georgia has double taxation agreements with 57 countries.
A double taxation avoidance deal signed between Georgia and Saudi Arabia in March 2018 is coming into play today.
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.
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.
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