The income and capital tax treaty between Cyprus and Georgia entered into force on 4 January 2016. The treaty, signed on 13 May 2015, is the first of its kind directly between the two countries, although the 1982 income and capital tax treaty between Cyprus and the former Soviet Union had applied but was terminated.
Taxes Covered
The treaty covers Cyprus income tax, corporate income tax, the special contribution for the Defense of the Republic, capital gains tax, and immovable property tax…