Azerbaijan and Georgia double taxation treaty in force since 1997
The treaty was signed in Baku on February 18, 1997, entered into force on December 1, 1997 and applies from January 1, 1998. Rental income and gains on selling property may be taxed by the country where the apartment is located (arts. 6 and 13); interest and dividends are taxed at no more than 10% in the source country. Azerbaijan reduces its tax by the tax paid in Georgia, but by no more than the Azerbaijani tax on the same income (art. 23).
What this changes in the calculation
For an Azerbaijani resident with an apartment in Georgia, the Georgian 5% on rent is credited against Azerbaijani tax; there is no double tax beyond the higher of the two rates.
- Source
- taxes.gov.az
- Status
- verified
- Published