Cyprus – Georgia Double Tax Treaty

In May 2015 a double tax treaty between Cyprus and Georgia has been signed which is based on the OECD model with some modifications.

The treaty is expected to come into force on 01/01/2016 provided that it will be ratified by the two states within 2015.

The treaty applies to income as well as to capital gain taxes and it provides for zero withholding taxes on dividend, interest and royalty payments.