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Polish Senate Approves New Tax Treaty with Georgia — Orbitax Tax News & Alerts

On 27 October 2022, the Polish Senate (upper house of parliament) approved the law for the ratification of the pending income tax treaty with Georgia. The law was approved by the Polish Sejm (lower house) on 29 September 2022. The treaty, signed 7 July 2021, will enter into force on the first day of the third month after the ratification instruments are exchanged and will generally apply from 1 January of the year following its entry into force, although Article 24 (Exchange of Information) will apply from the date of entry into force without regard to the taxable period to which the matter relates. Once in force and effective, the new treaty will replace the 1999 tax treaty between the two countries.