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Georgia and Poland sign agreement on avoidance of double taxation

Business Materials 8 July 2021 18:05 (UTC +04:00)
Georgia and Poland sign agreement on avoidance of double taxation

BAKU, Azerbaijan, July 8

By Tamilla Mammadova – Trend:

Georgia and Poland signed an agreement on avoidance of double taxation, Trend reports referring to the Ministry of Finance of Georgia.

The document was signed by the Minister of Finance of Georgia Lasha Khutsishvili and the Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Georgia Mariusz Mashkevich.

A number of changes were made to the new document, including a reduction in tax rates on dividends, interest, and royalties, and instead of the 10 percent stipulated in the old agreement, they were set at 5 percent.

The Russian text of the old agreement between the prevailing states was replaced by the English text.

The purpose of the double taxation agreement is to promote economic cooperation between the two countries and attract investment.

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