Portugal has Ratified the Tax Treaty with Georgia

On 5 March 2015, Portugal publishes in its Official Gazette the decree ratifying the pending income and capital tax treaty with Georgia. The treaty, signed 21 December 2012, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Georgian profit tax, income tax and property tax, and covers Portuguese personal income tax, corporate income tax, and surtaxes on corporate income.

Withholding Tax Rates

• Dividends - 5% if the beneficial owner is a company directly h…