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Japanese Cabinet Approves Pending Tax Treaty with Georgia — Orbitax Tax News & Alerts

The Japanese Cabinet reportedly approved on 5 March 2021 the pending income tax treaty with Georgia. The treaty, signed 29 January 2021, will enter into force 30 days after the ratification instruments are exchanged and will generally apply from 1 January of the year following its entry into force. However, Articles 25 (Exchange of Information) and 26 (Assistance in the Collection of Taxes) will apply from the date the treaty enters into force without regard to the date on which the taxes are levied or the taxable year to which the taxes relate. The 1986 tax treaty between Japan and the former Soviet Union will cease to apply with respect to Georgia and Japan from the dates the new treaty is effective and terminate on the last date.