Categories
08.Oct .2020 10:55

Hong Kong, Georgia sign tax agreement lowering withholding tax rates

Hong Kong, Georgia sign tax agreement lowering withholding tax rates
views 302
Back

Hong Kong and Georgia tax officials today signed a tax agreement designed to promote economic and trade cooperation between the two jurisdictions. BM.GE reports citing Mnetax.com.

The Hong Kong-Georgia tax agreement allocates taxing rights between the two jurisdictions. It also provides relief from double taxation arising from transactions that Hong Kong and Georgia residents undertake in the other jurisdiction.

The new agreement provides that Georgia’s withholding tax rates for Hong Kong residents on interest and royalties will be capped at 5 percent and that profits from international shipping transport earned by Hong Kong residents arising in Georgia will not be taxed in Georgia.

Each jurisdiction must take further steps to ensure that the agreement enters into force.

Hong Kong Georgia

Related news

See all the news

All
15.06.2021| 17:00
views

29views

GEL Strengthened Against USD and EUR

15.06.2021| 16:00
views

65views

Georgian Wine Has Unparalleled History – Egon Müller IV

15.06.2021| 15:30
views

44views

Number of Performances In 2020 Down By 80% Comapred To 2019
15.06.2021| 15:00
views

53views

Subsistence Minimum Made Up 205.8 GEL In May - Geostat
15.06.2021| 14:30
views

59views

EBRD Allocated Sovereign Loan Of Up To EUR 3.03 MLN For Tbilisi Solid Waste Project
15.06.2021| 14:00
views

42views

No Power Transmission Line Can Import The Same Volume Of Enguri HPP Electricity – Expert
15.06.2021| 13:30
views

61views

PWC Does Not Recommend Income Tax Cut - Investors' Council

15.06.2021| 13:00
views

87views

The Moment Has Come When We No Longer Have Technical Means To Import Electricity – Expert
15.06.2021| 12:30
views

66views

Gov't Listens, But Decisions Sometimes Catch Business Off Guard

15.06.2021| 12:00
views

30views

Daily Test-Positivity Rate Stands at 2, 6 % In The Past 14 Days - Stopcov.ge