On 5 October 2020, officials from Georgia and Hong Kong signed an income and capital tax treaty. The treaty is the first of its kind between the two jurisdictions.
Taxes Covered
The treaty covers Georgian profit tax, income tax, and property tax, and covers Hong Kong profits tax, salaries tax, and property tax.
Residence
If a person, other than an individual, is considered resident in both Contracting Parties, the competent authorities will determine the person's residence for the purpo…