The income tax treaty between Georgia and Kyrgyzstan was signed on 13 October 2016. It is the first of its kind between the two countries.
The treaty covers Georgian profit tax and income tax. It covers Kyrgyz tax on income and profits of legal persons and income tax on individuals.
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 will enter into force once the ratification instruments are exchanged and will apply from 1 January of the year following its entry into force.
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