According to an update from the Belarusian Ministry of Taxes and Duties, the income and capital tax treaty with Georgia entered into force on 24 November 2015. The treaty, signed 23 April 2015, is the first of its kind between the two counties.
The treaty covers Belarusian tax on income, tax on profits, income tax on individuals and tax on immovable property. It covers Georgian profit tax, income tax and property tax.
The following capital gains derived by a resident of one Contracting State may be taxed by the other State:
Gains from the alienation of other property by a resident of a Contracting State may only be taxed by that State.
Both countries apply the credit method for the elimination of double taxation.
The treaty applies from 1 January 2016.
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