The UAE and Georgia tax treaty has applied since 2011, but only a UAE national counts as a UAE resident under it
The double taxation treaty entered into force on April 28, 2011. Under Article 5(1)(b), a UAE resident is an individual who is a UAE national. Income from property is taxed in the country where it is located (Article 7); dividends and interest only in the country of residence (Articles 11 and 12); tax on gains from selling property in the country where it is located is reduced by 50% (Article 14(1)).
What this changes in the calculation
For an expatriate living in the UAE the treaty does not apply, according to its text; the UAE has no personal income tax, so the Georgian 5% on rent and 5% on a sale within 2 years are final.
- Source
- mof.ge
- Status
- verified
- Published