Israel and Georgia double taxation treaty in force since 2011
The treaty entered into force on November 22, 2011 and applies from January 1, 2012; from July 1, 2019 it applies as modified by the OECD multilateral convention. Rental income and gains on selling property may be taxed by the country where the apartment is located (arts. 6 and 13); interest is taxed at no more than 5% in the source country, dividends at 0 or 5%; Israel credits Georgian tax (art. 22).
What this changes in the calculation
For an Israeli, the Georgian 5% on rent is credited against Israeli tax under the general scale; under the 15% regime of sec. 122A there is no credit.
- Source
- mof.ge
- Status
- verified
- Published