The income tax treaty between Georgia and Iceland entered into force on 31 December 2015. The treaty, signed 13 May 2015, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Georgian profit tax and income tax, and covers Icelandic income taxes to the state and income taxes to the municipalities.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying company's capital; otherwise 10%
- Interest - …