Updated Double Taxation Avoidance Agreement Between Georgia and Poland Now in Effect

The revised agreement between Georgia and the Republic of Poland, titled "Avoidance of Double Taxation on Income and Prevention of Non-payment of Taxes and Tax Evasion," has officially come into effect. The updated accord replaces the previous agreement established in 2006 between the two nations.

On July 7, 2021, Lasha Khutsishvili, Minister of Finance of Georgia, and Marius Mashkiewicz, Ambassador of the Republic of Poland to Georgia, signed the renewed agreement. The new document incorporates the 2017 model of the Organization for Economic Cooperation and Development (OECD) and adheres to the standards set by the Base Erosion and Profit Shifting (BEPS) project.

Notably, the updated agreement has lowered the withholding tax rates for dividends, interest, and royalties from 10% to 5%. The primary objective of the agreement is to foster economic cooperation between Georgia and Poland and to stimulate investment between the two nations.

The Georgian Ministry of Finance has announced that the double taxation avoidance agreement is now active with 57 countries, showcasing the country's commitment to fostering international economic collaboration.

Updated Double Taxation Avoidance Agreement Between Georgia and Poland Now in Effect

The revised agreement between Georgia and the Republic of Poland, titled "Avoidance of Double Taxation on Income and Prevention of Non-payment of Taxes and Tax Evasion," has officially come into effect. The updated accord replaces the previous agreement established in 2006 between the two nations.

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Updated Double Taxation Avoidance Agreement Between Georgia and Poland Now in Effect

The revised agreement between Georgia and the Republic of Poland, titled "Avoidance of Double Taxation on Income and Prevention of Non-payment of Taxes and Tax Evasion," has officially come into effect. The updated accord replaces the previous agreement established in 2006 between the two nations.

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

The restaurant "Drzlebi" Located in Terjola, will Reopen in May 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

ICR Group Launches New REPLAY Store in Georgia, Plans Further Expansion 05

Hereti Global Starts Exporting Wine to the United States 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

The restaurant "Drzlebi" Located in Terjola, will Reopen in May
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

ICR Group Launches New REPLAY Store in Georgia, Plans Further Expansion
05

Hereti Global Starts Exporting Wine to the United States
06