„საქართველოს მთავრობასა და ეგვიპტის არაბთა რესპუბლიკის მთავრობას შორის შემოსავლებსა და კაპიტალზე ორმაგი დაბეგვრის თავიდან აცილების და გადასახადების გადაუხდელობის აღკვეთის შესახებ" შეთანხმება და შეთანხმების ოქმი"
📋 განხილვის ეტაპები
ინიციირებული ვარიანტი
📄 საქართველოს პარლამენტის ბიუროს გადაწყვეტილება ნორმატიული აქტის პროექტის განხილვის პროცედურის დაწყების შესახებ (67 KB)
📄 საქართველოს პრეზიდენტის წარდგინება (152 KB)
📄 განმარტებითი ბარათი (120 KB)
📄 შენიშვნების ფურცელი (147 KB)
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📄 შეთანხმება (1.6 MB)
📄 შეთანხმება (1.3 MB)
სხდომაზე განსახილველი პროექტი
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საქართველოს პარლამენტის დადგენილება
🏛️ კომიტეტები
- საფინანსო-საბიუჯეტო კომიტეტი წამყვანი კომიტეტი
- საგარეო ურთიერთობათა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- განათლების, მეცნიერებისა და კულტურის კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- დარგობრივი ეკონომიკისა და ეკონომიკური პოლიტიკის კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- ჯანმრთელობის დაცვისა და სოციალურ საკითხთა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
📅 დამატებითი ინფორმაცია
ბიუროზე განხილვის თარიღი 2010-06-07
ბიუროს ნომერი 127
📜 ტექსტი
საქართველოს პარლამენტის ბიუროს გადაწყვეტილება ნორმატიული აქტის პროექტის განხილვის პროცედურის დაწყების შესახებ
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სხვა
PROTOCOL
signing the Agreement between thc Government of Georgia
.
.AI lhe
and the Government of the
Arab Republic of Egypt for the avoidance of
double taxation and the prevention of fiscal evaiion with respect to taxes
on income and on capital, the undersigned have agreed that tire following
provisions shall form an integral part of the Agreemenr:
L With reference to Article I1 ',interest,':
"Financial support services', means:
"Any related costs to services provided by a company of a Contracting
State that is a guarantor to a company of the othei Contracting State.,,
2. With reference to Article l6.,Directors,Fees,,:
"The term "any other similar organ of a company,,is similar in its
functions to the functions ofthe board ofdirictors and also to the top_
Ievel managerial position ofa company.',
3. With reference to Article 26,,Mutual Agreement procedure":
"With reference to Article 26 of the Agreement, wlrere a person is not
satisfied with an assessment of a Contracting State, he may submit an
application for review of that assessment (unless the tax asse;sed is final)
to the competent authority of the Contracting State of which he is a
resident or national, as the case may be, within a period of three years as
provided under paragraph I of Article 26. Any agreement subsiquently
reached on the application between the Contracting States shall be
implemented, irrespective of whether there is a time limit or not in the
domestic law of the Contracting States.,,
4. With reference to Article 27 "exchange of information',:
of
-
a) The competenr authorities
both Contracting States should
implement proper measures according to their tax laws that
maintain the secrecy of information in public court, and in no case
-
and under no circumstances the information should be used for any
other purposes or by any other authorities.
b) The requesting State which request information should have a
comparable domestic Iaws and administrative practice similar to
those - concerning sanctions for the violation of information secrecy
in requested State and if therc are no such procedures, that State
should be obliged by the secrecy rules stated ilr tlre tax agreement
otherwise, the requested State has the right to decline supplying such
-
information.
In witness whereof the undersigned, duly authorised thereto, have signed
this Protocol.
Done in duplicate at Tbilisi this 25'r' da1' ol Ma1, 2010. in lhe Ceorgian, Arabic
and English languages, all threc texts bcing eqLrally authentic. ln the case
ofdivergence of interpretation the English text shall plevail.
For the Govemment ol'
For (llc C()vemnrenl ol thc Arab
Georgia
Itcpuhlic ol'Egypt
Grcgori Vashadzc
A hnrccl
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შეთანხმება
AGRIiIiMENI'
BETWEEN
THE GOVERNMENT OF GEORGIA
AND
THE GOVERNMENT OF
THE ARAB REPUBLIC OF ECYPT
FOR THE AVOIDANCE OF DOUBLE TAXATION
AND TH[, PREVENTION OF FISCAL EVASION
WITH RESPECT TO TAXES ON INCOME AND ON
CAI'ITAL
'l'he Government ol' the Arab Republic ol- Egypt and the
Govcrnment of Georgia,
Desiring to conclude an Agreement lbr the avoidance ol'doublc
taxation and the prevention of fiscal cvasion with respect to taxes
on income and on capital,
Have agreed as follows:
ct ait". I
Scope of the Agreement
Article I
PERSONS COVERED
'l his Agreement shall apply to persons who arc residents of one or both of the
Contracting States.
Article 2
TAXES COVERED
l.
This Agreement shall apply to taxes on income and on capital imposed on
behalf of a Contracting State or of its political-administrative subdivisions or local
authorities, inespective of the manner in which they are levied.
2
There shall be regarded as taxes on income and on capital all taxcs imposed on
total income, on total capital, or on elcments of income or of capital, including taxes
on gains from the alienation of movable or immovable property, taxes on the total
amounts of wages or salaries paid by enterprises, as well as taxes on capital
appreciation.
3.
The existing taxes to which the Agreemenl shall apply are in panicular:
in Georgia:
profit tax;
( ii) income tax;
( iii) property tax;
(hereinafter referred to as "Georgian tax");
a)
(i)
b) in the Arab Republic ofEgypt:
(i) The tex on income of individuals including:
l. Income from salaries and wages;
2. lncome from commercial and industrial activities;
3. Income from professional activiries (independent personal
services);
4. lncomc derived from immovable property (including agriculturc
Iand, buildings, and furnished units);
The tax on the profits oflegal entities:
Iii) Tax withhcld at source;
(ii)
(iy) The supplementary taxes imposed as percentage of taxes mentioned
above or othenvise;
(hereinafter referred to as "Egyptian tax").
4.
This Agreement shall apply also to any identical or substantially similar taxes
that are imposed in either Contracting State after thc date ol' signature of this
Agreement in addition to, or in place of, the exisling taxes. The comPetent authorities
oithe Contracting States shall notify each other ofany significant changes which
have been made in their resPective taxation laws
ChaPter II
Definitions
Article 3
GENERAL DEFINITIONS
L
For the purposes ofthis Agreement, unless the contexl otherwise requircs'
a)
the term "Georgia" means the territory defined by Georgian legislation,
intemal
including land tenitory, its subsoil and the air sPace above
waters a;d territorial sea, the sea bed, its sub-soil and the air space above
it,
them, in respect of which Georgia exercises its jurisdiction and
sovereignty, as well as the contiEuous zone, the exclusive economic zone
and continental shetf adjacent to its territorial sea, in respect of which
Georgia may exercise its sovereign rights and jurisdiction in accordance
with the international law;
b)
the term "Egypt" means the tenitory ofthe Arab Republic ofEgypt, and
when used in a geographical sense, includes the territorial sea and any
area adjacent to the coast beyond the tenitorial rvatcrs, over which Egypt
exercises sovereign rights in accordancc with Egyptian legislation and
intemational law, which has been or may hereaftcr bc designated as an
area within which Egypt may exercise righls u'ith respect to the sea bed
and sub-soil and their natural rcsourccs;
c)
the terms "a Contracting Statc" and "thc other Contracting State" mean
Egypt or Ceorgia, as the context requires:
d)
the term "person" includes an individual, a company and any othcr body
of persons;
e)
the term "company" means any body corporate or any entity which is
treated as a body corporate for tax purposes;
1)
the terms "enterprise of a Contracting Statc" and "enterprise of the other
Contracting State" mean respectively an enterprise canied on by a
residenl of a Contracting State and an enterprise carried on by a resident
of the other Contracting State;
g)
The tetm "tax" means Georgian tax or Egyptian tax, as the context
requires;
h)
the term "international traffic" mcans any lranspon by a ship or aircrafl
operated by an enterprise that has its place of ell'ective management in a
Contracting State, except when the ship or aircraft is operated solely
between places in the other Contracting Stale;
i)
the term "competent authority" means:
(i)
in Georgia, the Ministry ol' Finance or its authorised
representatrve;
(ii) in Egypt, the Ministry ofFinance or its authorised representative,
j)
the term "national" means:
(i)
any individual possessing the nationality or citizenship of that
Contracting Statel
(ii) any legal person or partnership deriving its status as such from the
Iaws in force in that Contracting State.
2.
As regards the application of this Agreement at any time by a Contracting
State, any term not defined therein shall, unless the context otherwise requires, have
the meaning that it has at that time undcr the law of that State for the purposes of the
taxes to which this ABreemenl applies, any meaning under the applicable tax laws of
that State prevailing over a meaning givcn to the term under other Iaws oflhat State
Article 4
RESIDENT
I
For the purposes of this Agreement, the term "residcnt of a Contracting State"
means any person who, under the laws of that State, is liable to tax therein by reason
ol his domicile, residence. place of management, or any other criterion of a similar
naturc, and also includes that State and any polirical subdivision or local aurhority
thercol This term. however, does not includc any person who is liable to tax in that
State in respect only of income from sources in that State or caPital situated therein
5
2.
Where by reason ofthe provisions ofparagraph I an individual is a resident of
both Contracting States, then his status shall be determincd as follows;
a)
he shall be deemed to be a resident only of thc State in which he has a
permanent home available to him; if he has a permanent home available
to him in both States, he shall be deemed to be a residenl. only of the
State with which his personal and economic relations are closer (centre
ofvital interests);
b) if the State in which he has his centre ol- vital interesls cannot be
determined, or if he has not a permanent home available to him in either
State, he shall be deemed to be a resident only of the State in which he
has an habitual abode;
c)
if he has an habirual abode in both States or in neither of them, he shall
be deemed to be a resident only of the State of which he is a nationall
d) if he is a national of both States or ol neither of them, the competent
authorities of the Contracting States shall settle the question by mutual
agreement.
I
3
Where by reason of the provisions of paragraph a Person other than an
individual is a resident of both Contracting States, then ir shall be deemed to be a
resident only ofthe State in which its place ofeffective mana8ement is sifuated.
Article 5
PERMANENT ESTABLISHMENT
I
For the purposes ofthis Agreement, the term "Permanent establishment" means
a fixed place of business through which the business of an cnterprise is wholly or
partly carried on.
2.
'l-he term
"pcrmanent establishment" includes especially:
a) a place of managementi
b) a branch;
c) an office;
d) a l'actory;
e) a workshop;
0 :^T.lt an oir or gas wer, a quarry or any other place
or.exrraction of
natural resources:
g) a farm or plantation, and
h) premises and warehouse used
3. fhe term ,,permanent establishment,,
as sales outlets
also includes:
proiect
or a supervrsor)
l:,'^":,."1:*.T0,,
ur only tl such sitc, project
or activities is
b) any facilities and activities pro.vide
extraction. exploralion or
in^connection with, prospecting
for , or
exploitation or n",uJ-rl"orr..a, r,".r.
consultancy services, b1 a resident
ofa
other personnel Ibr a period
or periods
y.ortwetve month period
4.
Nolwithstanding the preceding
provisions ol.this Anicle.
lhe lerm .,permanent
eslabtrshment,,shall be deemed
not lo rncludc:
a)
the use of facilities solely for.the
purpose of storage u,
display of goods
".v,q6! or u'sl
or merchandise belonging to ,t.
.nt..frlr.;
b)
c)
d)
e)
f)
the maintenance of a stocl of goods
or merchandise belonging to the
enterprise solely for the purpose -of
stor"g. ;, a-;plr;,- "","
the maintenance of a stoct of go^ods
or merchandise belonging to the
enterprise solely for the purpos,
orpro.".rinj ufunoti"iin,".p.ir.,
the mainrenance of a fixed place
of business solely for the purpose ol.
purchasing goods or merchandir"
;;il.;;;,in[rrijl,ton, ro, ,r,"
enterprise;
", "f
the maintenance of a fixed place of
business solely for the purpose
of.
carrying on, for the entrt't'tt' any
other activity of a preParatory or
auxiliary character; uno
th-e mainrenance of a fixed place
of business
for any combination
of activities menrioned in sub-paragraphs aisolely
;;,"i;#i
paragraph,
provided that the overa a.ctiviry
of tie fixeJprr."'iiirrin"., ,.rrlttng
from this combinarion is of a priparato,]
,.;r'*ili;;;;r"";..
1
5. Notwithstanding the provisions ofparagraphs I and 2, where a person - other than
an agent of an independent status to whom paragraph 7 applies - is acting in a
Contracting State on behalf of an enterprise of the other Contracting State, that
enterprise shall be deemed to have a permanent establishment in the first-mentioned
Contracting State in respect of any activities which that person undertakes for the
enterprise. if such a person:
a) has and habitually exercises in that Statc an aurhority ro conclude contracrs in
the name of the enterprise, unless the activities of such person are limited to
those mentioned in paragraph 4 which ,if exercised through a fixed place of
business, would not make this fixed place of business a permanent
establishment under the provisions ofrhar paragraph; or
b) has no such authority, but habitually maintains in the first mentioned State a
stock of goods or merchandise from which he regularly delivcrs goods or
merchandise on behalfo[ the enterprrsc.
6. Notwithstanding the preceding provisions of this Articlc, an insurance enterprise of
a Contracting State shall, except in regard to re-insurance. be deemed to have a
permanent establishment in the other ContractinB State if it collects premiums in thc
territory ofthc other Statc or insures risks situated thercin through a person other than
an agent of an independcnt status to whom paragraph 7 applies.
7. An enterprise shall not be deemed to have a permanent establishment in a
Contracting State merely because it canies on business in that State through a broker,
general commission agent or any othcr agcnt of an independent status, provided that
such persons are acting in the ordinary course of their busincss However, when the
activitics ol'such an agent are devoted wholly or almost wholly on behalf of that
enterprise, and conditions are made or imposed between that enterprise and the agent
in their commercial and linancial relations which differ from those which would have
been made between independent enterprises, he will not be considered an agent of an
indcpcndcnt status within the meaning of this paragraph
8 l'he l'act thal a company which is a resident ol'a Contrac(ing State controls or is
controlled by a company which is a resident of the other Contracting Statc, or which
carries on business in that other State (whether through a permanent establishment or
other$,rsc), shall not of itself constitute either company a permanent establishmenr of
thc other.
Chapter III
Taxation of Income
Article 6
INCOME FROM IMMOVABLE PROPERTY
I
Income derived by a resident ofa Contracring State tiom immovable propeny
(rncluding income from agriculture or foresrry) situaied in the other Contracting
State
may be taxed in that other Statc.
?
I!" term "immovable propeny', shall have the meaning which it has under the
law of the Contracting
State in which the property in questiin is situated. The term
shall in any case include property accessory to immovable propeny, livestock and
equipnent used in agriculrure and forestry, rights to which the piovisions of general
law respecting landed property apply, usufrucl of immovablc pioperty and rights ro
variablc or fixed payments as consideration for the working of, oi thc right to work.
mineral deposits, sources and other natural resources Shipi and aircraft shall not be
regarded as immovable prope(y.
3
'fhe provisions of paragraph
I shall apply to incomc derived fiom the direcr
usc. letting, or use in any other Ibrm of immovable propcnl.
4.
The provisions of paragraphs I and 3 shall also apply ro the income lrom
immovable property of an enterprisc and to income from immovable property used
lbr the performance of independent personal services.
Article 7
BUSINESS PROFITS
I
The profirs ofan enterprise ofa Contracting State shall be taxablc only in that
State unless the enterprise calries on business in the othcr Conrracting State through a
permanent establishment situated therein. If thc enterprise carries on business as
aforesaid, thc profits of the enterprise may be taxed in thc other Stare but only so
much ofthem as is attributable to that permancnt establishment.
Subject to the provisions of paragraph 3, where an enterprise of a Contracting
state canies on buiiness in the other contracting state through a permanent
be attributed to
esrablishment situated iherein, there shall in each Contracting State
it'ui p.*rn"n, establishment the profits which it might be expected to make if it
separate enterpiise engaged in the same or similaractivities under
*"i.'u Oirtin"t
with the enterprise
the same or similar conditions and dealing wholly independently
ofwhich it is a permanent establishment.
2.
-a
3 In determining the profits of a permanenl establishment' there shall be allowed as
permanent
deductions a*pJnr.r'which are incuned for the Purposes ol lhe
expenses so incurred'
establishment, lncluding executive and general administrativc
or elsewhere
wtrettrer in ttre State in ihich thc permanent establishmcnt is situated
However, no such deduction shall be allowed in respect ol
a) any amount paid ( otherwise than towards reimbursement of actual
ofthe enterprise
explnses) by the permanent establishment to the head office
similar
oi'""f' its ot'her offices . by way of royalties' fces or other
way
of
"f in reum for the use of patent or other rights' or by
puyrln,t
for specific sewices performed or for management' or' except
permanent
"omrnission,
in the case of banks, by way of interest on money lent to the
establishmenti
of actual
any amount charged (otherwisc than towards reimbursement
b)'expcnses,;
by the permanent establishment ro the head office of the
or other of
ot- ,ny of its other offices, by way of royalties '. fees
way of
"nr"rp.ir"
similar payments in retum for the use of patcnts or other rights' or by
in
commission for specific servicc performed or for management' or' except
office of the
the case of banks, by way of intirest on money lent to the head
enterPrise or any of its other offices'
the profits
Insofar as it has been customary in a Contracting State to determine
of the
to bc attributed to a permanent establishment on the basis of an apPo(ionment
in paragraph 2 shall preclude
enterprise
4.
to
Stare from
may be cust
thai the resul
to be taxed bY such an
pportionment adopted shall'
n accordance with the principles contained
in this n niclc.
No profits shall be attributed to a permanent establishment by reason of thc
*a,. prr"-hura by that Permancnt establishment of goods or merchandisc for thc
5.
cntcrprisc
l0
6.
l:or the purposes of the preceding paragraphs, the profits to bc atrributed to the
permanent establishment shall be determined by the same method year by year unless
there is good and sufficient reason to the contrary.
7
Where profits include items of income which are deak with separately in other
Articlcs of this Agreemenr, lhen the provisions of those A(icles shali not be affected
by the provisions of rhis Articlc
Article 8
SHIPPING AND AIR TRANSPORT
I
Protlts from the operation ofships or aircraft in intcrnational traffic shall be
taxable only in the Conrracting State in which the place of ellectiye management of
the enterprise is situated.
2. If the place ofefl'ective managemenl ofa shipping enterprise is aboard a ship, then
it shall be deemed to be situated in the Contracting Slate in which the home harbour
ofthe ship is situated. or. il'there is no such home harbour. in thc Contracting Srate of
which rhc operaror of the ship is a residenl
3. The provisions ofparagraph I shall also apply to prollts liom rhe participation in a
pool, a.ioint business or an international operatlng agency.
Article 9
ASSOCIATED ENTERPRISES
l.
Where
a)
an enterprise of a Contracting Statc participates directly or indirectly in
the management, control or capital of an enterprise of thc orher
Contracting State, or
b)
the same persons participate directly or indircctly in the management,
control or capital o[ an enterprise of a Contracting State and an
enterprise of the other Contracting State,
and in either case conditions ,r. rnuo" JJ imposed between the two enterprises in
their commercial or financial relations which diff'er from those which would be made
between independeni enterprises. then any profits u'hich rvould. but tbr those
conditions, have accrued to one of the enterprises, bul, by rcason of those conditions,
have not so accrued. may be included in the profits of that enterprise and taxed
accordingly.
2.
Where a Contracting State includes in the profits ofan enterprise ofthat State and taxes accordingly - profits on which an enterprise of the other Contracting State
has been charged to tax in that other Slatc and the profits so included are profits
which would have accrued to the enterprise of the first-mentioned State if the
conditions made between the two enterprises had been those which would have been
made between independent enterprises, then thal othcr State shall make an
appropriate adjustment to the amount of the tax charged therein on those profits. ln
determining such adjustment, due regard shall be had to the other Provisions of this
Agreement and the competenl authorities of the Contracling States shall ifnecessarl
consult each other.
l. A Contracting State shall not changc the profits of an enterprise in the
circumstances rel'erred to in paragraph I afler the expiry of the time limits provided
in its na(ional laws and, any case, afier Six years from the end of thc ycar in which
the profits which would be subject to such change would have accrued to an
enterprisc of that State.
4. Thc provisions of paragraphs 2 and 3 shall not apply in thc case of tiaud, wilful
delault or neglect
Article l0
DIVIDENDS
L Dividends paid by a company which is a resident of a Contracting State to a
resident ofthe other Contracting State may be taxed in that other State.
2. However, such dividends may also be taxed in the Contracting State of which the
company paying the dividends is a rcsident and according to the laws of that State,
but i[ thc beneficial owner of the dividends is a resident of the other Contracting
State, the tax so charged shall not cxceed l0 per ccnt ol'thc gross amount of the
dividends.
3. Where dividends are dcrived and beneficially owned by the Govemment of a
Con(racting Stale, such dividends shall be taxable only in that State. For the purposes
ol'this paragraph. thc ternl "Govemment ol'a Contracting Starc" shall include:
a) ln the case ofGeorgia:
(i) the Govemment, or a local aurhority;
(ii) the National Bank of Georgia; and
(iii) any other govemmental agencies, polirical subdivisions, or
institutions ofGeorgia as may be specified and agreed to in an exchange
of letters between the competent authorities of the Contracting States.
b) In the case of Egypt:
(i) the Central Bank ofEgypt;
(ii) the Social [nsurance Fund ofEgyprl
(iii) the National Investment Bank; and
(iv) political subdivision, local authoriry, a statutory body, or any
institution wholly or mainly owned by thc Govemment of Egypt as
may be agreed from time to lime between rlte competent authorities
of the Contracring States.
4.
The term "dividends" as used in this Articlc means income from shares-
'Jouissance" shares or "jouissance', rights, mining sharc, Ibunders shares or other
rights, not being debfclaims, participating in profits, as well as income from other
corporate rights, which is suhjected to thc same taxation treatnrent as income from
shares by thc laws of the State of which thc company making the distribution is a
resident
5. 1'hc provisions olparagraphs I and 2 shall not apply il'the benellcial owner ofthe
dividcnds, being a resident of a Contracting State, carrics on busincss in the other
Contracting State of which the company paying the dividends js a resident rhrough a
permanent establishnrent situated therein, or pcrforms in thal other Statc independenl
personal services from a fixed base situated therein. and rhe holding in respcct ol'
which the dividends are paid is effectivcly connccrcd with such permanent
establishrncnr or fixed basc. ln such case thc provisions ol Article 7 or Article l4 ol
this Agreement, as the case nray be, shall apply.
tl
6. Where a company which is a resident of a Contracting State derives profits or
income from the other Contracting State, that other State may not impose any tax on
the dividcnds paid by the company, except insolar as such dividends are paid to a
resident ofthat other Srate or insofar as the holding in respect of which the dividends
are paid is effectively connected with a permanent establishment or a fixed base
situated in that other Srate, nor subject the company's undistributed profits to a tax on
the company's undistributed profits, even if the dividends paid or the undistributed
profits consist wholly or partly ofprofits or income arising in such other State.
Article I I
INTEREST
l. lnterest arising in a Contracting State and paid to a resident of rhe other
Contracting State may be taxed in that other Stare.
2. However, such inlerest may also be taxed in the Contracting State in which it arises
and according to the laws of that State, but if the beneficial owner of the inreresr is a
resident of the orher Contracting State, the rax so charged shall nor exceed l0 per cent
ofthe gross amount ofthe interest.
i. Notwithstanding the provisions ol'paragraph2, interest shall be exempt from tax in
the Conrracting State in which it arises, ifthe beneljcial owner is the (;ovemment ol'
the other Contracting State as defincd in paragraph 3 ol'Aniclc l0
4 The term "interest" as used in this Article means income from debt-claims ofevery
kind, whether or not secured by mortgage, and whether or not carrying a right to
partrcipate in the deblor's profits, and in particular, income from govemmenl
sccurities and income from bonds or debentures, including premiums and prizes
ataching to such securities, bonds or debentures, financial suppon services. Penalty
charges tbr la(e payment shall not be regarded as interesl for the purpose of this
Article
5. The provisions ofparagraphs l, 2 and 3 shall not apply il'the benelicial owner of
thc intcrcst, being a residenr of a Contracting State, carries on business in the other
Contracting Statc in which the interest arises, through a permancnt esrablishment
situated therein, or perlorms in that other Statc independcnr pcrsonal serviccs fiom a
fixed base siuated therein , and the dcbGclaim in rcspect ol which the interest is paid
is effectively connected with such permanent establishment or fixed base, ln such
case the provisions of Articlc 7 or Article l4 of this Agreenrenr, as the case may be,
shall apply.
6
t4
Interest shall be deemed lo arise in a Contracring Statc rvhen the payer is a
residenr of that State.
-Where, howcver, thc pcrson paying the interest, whether he is a
resident of a Contracting State or not, has in a Contracting State a permanent
establishment or a fixed base in connection with which the indebtedness on which the
interest is paid was incurred, and such interesl is bomc b1, such permanent
establishment or fixed base, then such interest shall be deemed to arise in the State in
which the permanent establishment or fixed base is sil.uated.
7. Where, by reason of a special relationship between thc payer and the beneficiat
owner or between both of them and some other person, the amount of the interest,
having regard to thc debt-claim for which ir is paid. exceeds the amount which would
have been agreed upon by the payer and the beneficial owner in the absence ofsuch
relationship, the provisions of this Article shall apply only to the lasr-mentioned
amount. In such case, the excess pa( ofthe payments shall renain taxable according
to the laws of each Contracting State, due regard being had to the other provisions of
this Agreemenr.
Article 12
ROYALTIES
l, Royalties arising in a Contracring State and paid to a residen( of the other
Contracting State may be taxed in that other State.
2. However, such royalties may also be raxed in thc Conrracting Stare in which the1,
arise and according to the laws of that State, but il the bencficial owner o[ the
royalties is a resident of the other Contracting Statc, the tax so charged shall not
exceed l0 per cent ofthe gross amount ofthe royalties
3. Thc term "royalties" as used in this Article means payments ofany kind received
as a considcration for the use of, or the right to use, any copyright of literary, arlislic
or scientific work including cinematograph films, films. video and tapes for radio or
television broad-casting, any patcnt, trade mark, design or model, computer softwarc,
plan. secrel. tbrmula or process, or for thc usc ol. or the right to use, industrial,
commercial or scientific equipmen(, or for inlormation conceming industrial,
commercial or scientific experience.
also includes payments for technical
assistance performed in a Contracting State by a resident of the other Contracting
Srate where it is related to the application of any such rights. propcny or information.
lt
t5
,1. The provisions ofparagraphs land2 shall nol apply if rh€ bene
fic ial ownerofthe
royalties, being a resident of a Contracting State, carries on business in the other
Contracting State in-which the royalties arise, through a permanent establishment
situated therein, or performs in thar other State independent personal services from a
l-rxed base situated therein, and the righr or properly in respccr of which the royalties
arc paid is effectively connected with such permanent establishment or fixed base. ln
such case the provisions of Article 7 or Article l4 of this Agreement, as the case ma),
be, shall apply.
5. Ro1'alties shall be deemed to arise in a Conrracting Sta(e rvhcn the payer is a
rcsident of the Contracting State. Where, however, the person paying the royahies,
whether he is a resident of a Contracting State or not, has in a Contracting State a
permanent establishment or a fixed base in connection with which the Iiability to pay
the royalties was incurred. and such royalties are borne by such permanent
establishment or fixed base, then such royalties shall be deemed to arise in the Srate
in which rhe permanent cs(ablishment or fixcd base is situared
6. Where, by reason of a special relationship between the payer and the beneficial
o\vner or between both of them and some other person, the amount of the royalties,
having regard to the use, right or information for which they are paid, excceds rhc
amount which would have been agreed upon by the payer and the beneficial owner in
thc absence of such relationship, the provisions of this Article shall apply only to the
last-mentioned amount. ln such case, the excess pan of thc payments shall remain
taxable according to the laws of each Contracting State, duc regard bcing had to the
other provisions of this Agreement
Article l3
CAPITAL GAINS
I
Gains derived by a resident of a Conrracting State from the alienarion 01'
immovable prope(y refcrred to in Articlc 6 and situated in the other Contracting
Slate may be taxed in that othcr Statc.
2.
Gains from the alienation of movable propeny forming pan of the business
property of a permanenl establishment which an enterprise of a Contracring State has
in the other ContracrinB Sute or of movablc propcny pcrtaining ro a fixed basc
availablc to a rcsidcnt of a Contracting State in the other Contracting Statc for the
purposc ol'performing indcpendcnt pcrsonal services. including such gains from the
alienation oI such a permanent establishment (alonc or with the whole enrerprise) or
ofsuch fixed base, may be laxed in that other Statc.
3. Gains derived by an enterprise of a Contracting State for the alienation of ships or
aircraft operated in intemational traffic or movable propeny pertaining to the
-C;ntractingf
operation ofsuch ships or aircraft shall be taxable only in ihe
State in
which the place ofeffective management ofthe enterprise is situated.
4
Gains from the alienarion of anv propeny other than rhat rcf.erred to in
paragraphs l, 2, and 3 of [his Anrcle shall be taxable onl]. in the Contracting
Stare o,.
which the alienator is a resident.
5- Gains derived by an individual who is a resident of a Conrracrjng State from the
alienation of shares or other rights of a company which is a resid-ent of the other
Contracting State, as well as gains from the alienation of options or other financial
instrumcnts related to such shares or rights, may bc taxed in ihat other Stare, but only
if the alienator has been a resident of that other State at any time during the five yeari
immediarely preceding rhe alienation of the shares, rights, optioris or financial
rnstruments
A rticle 14
INDEPENDENT PERSONAL SERVICES
I
Income derived by an individual who is a residenl ol'a Contracting Srate in
respect of professional services or other activities of an independent character shall
be taxable only in that State. However, such incomc may also be taxed in the other
Contracting State if:
a)
the individual has a fixed base regularly availablc to him in the other
State for the purpose of performing his activities; but only so much
thereof as is attributable to scwices pcrformed in that other State; or
b)
the individual is present in the other State for a pcriod or periods
exceeding in rhe aggregate 183 days in any period of twclve months
commcncing or ending in the fiscal year concemed
2.
Thc term "profbssional scrvices" includes espccially indcpendent scientitic,
literary. artistic, educational or tcaching activities as wcll as the independent activities
ol'physicians, lawyers. engineers. architects, dcntists and accountants.
t7
Article l5
DE,PENDENT PERSONAL SERVICES
L
Subject to the provisions of A(icles 16, 18, 19 and 20 of this Agreement,
salaries, wages and other similar remuneration derivcd by a resrdent of a Contracting
State in respect of an employment shall be taxable only in that State unless the
employment is exercised in the other Contracring State. lf the employment is so
exercised, such remuneration as is derived therefrom may bc taxcd in that other State.
2.
notwithstanding the provisions of paragraph l. remuneration derived by a
resident of a Contracting State in respect of an employment exercised in the other
Contracting State shall be taxable only in the first-mentioned S(ate if:
a)
the recipient is present in the other State for a period or periods not
exceeding in the aggregate I83 days in any twelve months period
commencing or ending in the fiscal year concemcd, and
b)
The remuneration is paid by, or on behall'of. an employer who is not a
resident ofthe other State, and
c)
thc remuneration is not bome by a perrnanent cstablishment or a fixed
base which the employer has in the other State.
3.
Notwithstanding the preccding provisions ol'this Aniclc, rcmuneration derivcd
in respect ol' an employment exercised aboard a ship or aircrafl operated in
intemational traffic by an enterprise of a Contracting State may be taxed in the
Con(racting State in which the placc of eftbctive management of the enterprise is
situatcd.
Article l6
DIRECTORS'FEES
Directors' fees and other similar payments dcrived hy a residenr of a
Contracring State in his capacity as a member of thc board of directors or any other
sim ilar organ of a company which is a resident of the other Con tracting State may be
taxed in thal other Statc.
Article l7
ARTISTES AND SPORTSMEN
L
Notwithstanding the provisions of Articles 14 and 15 of rhis Agreemen!
incomc derived by a resident of a Contracting State as an entertainer, such as a
theatre, motion picture, radio or television artisie, or a musician, or as a sponsman,
from hrs personal activities as such exercised in the other Contracting State, may be
taxed in that other State.
2.
Where income in respect ofpersonal activities cxcrcised by an entertainer or a
sportsman in his capacity as such accrues not to the entenainer or sportsman himself
but to another person, that income may, notwithstanding the provisions of Articles 7,
l4 and l5 of this Agreemenr. be taxed in the Contracring Staie in which rhe activities
ofthe entcrtainer or sportsman are exercise(I
3. Notwithstanding the preceding provisions of this Article, income derived by
entertainers or sportsmen who are residents of a Contracting State lrom the activities
exercrsed in the other Contacting State under a plan of cultr;al exchange between thc
Govemments ofborh Contracting States shall be exempr liom tax in th;t other State
Article l8
PENSIONS AND ANNUITIES
L Subjcct to the provisions of paragraph 2 of Article 19. pensions and other similar
remuncration paid lo a resident of a Contracting State in consideration of past
employment and annuities shall be taxablc only in that State
2. Nolwithstanding the provisions of paragraph I, to the exEnt, pension is exempt
from tax in the Contracting Stare where ir arises, ir shall be exempt from tax in the
State ol which the recipient is a rcsident.
l. as uscd in this Aniclc:
a) the terms "pensions and other similar remuncration'' mean periodic payments
made afler retirement in consideration of pasl employment or by way of
compensations received in connection wi(h pasl cmployment.
b) The term "annuity'' means a srated sum payable to an individual periodically ar
stated times during his life or during a specified or asceflainable period of
time under ai obligation to make the paymen(s in retum for adequate and full
consideration in money or money's worth.
Article l9
GOVERNMENT SERVICE
l.
a)
Salaries. wages and other similar remuneration, paid by a Contracting
State or a political-administrative subdivision, or a local authority
thereof to an individual in respect of services rendered to rhat State or
subdivision or authority shall be taxable only in lhat State.
b)
However, such salaries, wages and other similar remuneration shall be
taxable only in thc othcr Contracling State if the services are rendered in
that State and the individual is a resident of that State who:
(i) is a national oflhat Srate; or
(ii) did not become a resident of that State solelv for the purpose of
rcndcring the sewices
2.
a) Notwithstanding the provisions of paragraph l, pensions and other similar
remuneration paid by, or out of funds created by, a Contracting State or a
political-administrativc subdivision or a local authority thereof to an
individual in respect of services rendered to that Stare or subdivision. or
authority shall be taxable only in that Srare:
b) However, such pension and other similar remuneration shall be taxable only
in thc other Contracting State if the individual is a resident of, and a
national ol rhat State
3.
The provisions olArticles 15, 16, 17, and l8 shall apply ro salaries, wagcs and
olhcr similar rcmuneration, and to pensions, in respcct of services rendered in
connection with a business carried on by a Contracting Statc or a politicaladministrativc subdivisions or a local authoritv thereoL
Article 20
STUDENTS, APPRENTICES AND TRAINEES
].
Payments which a student, an apprentice or a trainee who is or was
immediately before visiting a Contracting State a resident of the other Contracting
State and who is present in the first-mentioned State solely for the purpose of hii
cducation or training receives for the purpose of his maintenance, education or
training shall not be taxcd in that State, providcd that such payments arise from
sources outside that State.
2 Norwithstanding the provisions of Articles l4 and l5 a student,an apprentice or a
trainee^who is or was immediately before visiting a Contracting State a resident
ofthe
other Contracting Srate and who is present in Ge first-mcnti6ned Contracting State
solely for the purpose of his education or training shall not be taxed in the firstnrcntioned contracting State in respect of remunerat
lrrsr-mentioned (ontracting Stale. provided thal lhe
his studies or training or the remuneration of [h
necessaD,for his maintenancc, studies and training ibr a period not exceeding
two
vears
Article 2l
PROFESSORS, TEACHERS AND RESEARCHERS
L l{esident ol one o1'the Contracting Statcs who, at rhe invitation of an university,
college or other establishment for higher education or scientific research in the other
Contracring State, visits thar other Stare. solely for the purpose of reaching or
scientific research at such institution for a period not exceeding three years shall not
bc taxed in tha( other Stare on his remunerarion for such teaching or research.
2. fhe provisions o1'paragraph I shall nor apply to rcmuncrarion derived in respect of
research undertaken not in the public intercsr bur primarily lbr the private benefit ofa
specilic person or persons.
Article 22
OTHER INCOME
L
ltems ofincome ofa resident ofa Contracting State, whereyer arising, not
dealt
with in the foregoing Articles ofthis Agreement shillbe taxable onlv in that State.
2
The provisions of paragraph I shall not apply ro incomc, orher than income
from immovable property as defined in paragraptri of enicl" 6 ofthis Agreement,
if
the recipient of such income, being a resident of a Contracting State, carries on
business in the other conrracting state through a permancnt esr;brishment situated
therein, or performs in that other State independent personal scrvices from a fixed
base--siruated therein, and the right or propcrty in respcct of which thc incomc
is paid
is effectively connected with such permanent establishment or fixed base. ln such
case the provisions of Article 7 or Anicle l4 of this Agreement, as the case may be,
shall appl1.
Chapter I\/
Taxation of Capital
Article 23
CAPITAL
I.
Capiral reprcsented by immovable propcny rel-crrcd ro in Articlc 6 ol.this
Agreemcnt, owned by a resident of a Contracting Stare and situated in the other
Contracting State, may be taxed in thar other State.
2.
Capital represented by movable property tbrming pan ofthe business propeny
ol a pcmanent esEblishment which an entcrprise ol'a Conrracring State has in thi
other Contracting State, or by movable propcny pertaining to a fi;d base available
to a- resident of a Contracting Siatc in the olher Contracting State for the purpose of
performing independent personal services, may be taxcd in that othcr State.
3.
Capi(al ofan enterprise ofa Contracring State representcd by ships and aircraft
operated in intemational tramc, and by movable propeny pertaining to the operation
of such ships and aircraft, shall be taxablc only in the coniracting itate in which rhc
place ol'ellcctive nanagement of [he enterprisc is situated
22
4.
Capital of an enterprise of a Contracting State represented by containers
(including traile$ and related equipment fbr the rransport ol containers) used for the
transport of goods or merchandise shall be taxable onll in that Contracting State,
except insofar as those containers or trailers and related equipment are used for
transpon solely between places within the other Contracting State
5. AII other elements of capital of a resident of a Contracring State shall be taxable
only in that State.
Chapter V
Methods for Elimination of Double Taxation
Article 24
ELIMINATION OF DOUBLE TAXATION
I ln Georgia double taxation shall be eliminaled as follows:
a)
Where a resident of Georgia derives income or owns capital which, Ilt
accordance with the provisions of this Agreenrent. may be taxed in
Egypt, Georgia shall allow:
as a deduction from thc tax on the income of that resident. an
amount equal to the inconre rax paid in t-)gypt;
as a deduction from rhc tax on rhe capiral of that resident,
amount cqual to the capital tax paid in Lgypt.
i)
ii)
Such dcduction in either case shall not. however, exceed thc sums of the
tax which would have been accrued according to the rules and rates on
this income and capital effec(ivc in Gcorgia
b) Whcrc in accordancc wirh any provision of the Agreement income derived
or capital owned by a rcsident ol'Georgia is excn]pt liom tax in Georgia,
Georgia may nevertheless, in calculating the amount of tax on the remaining
income or capital of such resident, takc into accounl the exempted income or
capital.
2. In Egypt double taxation shall be eliminated as follorvs:
2l
a)
Where a resident of Egypr derives income or owns capital which, in
accordance with this Agrcement, may be taxed in Georgia, unless a more
favourable treatment is provided in irs domestic lau,, Egypt shall allow:
(i)
(ii)
b)
as a dsduction from the tax on the income of that resident, an
amount equal lo the income tax paid thereon in Georgia;
as a deduction from the tax on the capital of rhat residenr, an
amount equal to the capital tax paid thereon in Georgia.
Such deduction in either case shall not, however, exceed that part of the
income tax or capital tax in Egypr, as computcd belbre the deduction is
given. which is attributable, as the case may bc, to the income or the
capital which nlay be raxed in Georgra.
Chapter VI
Special Provisions
Article 25
NON.DISCRIMINATION
I
Nationals ofa Contracting State shall not be subjected in the olher Contracting
Slate to any taxation or any requirement connected therewith, which is orher or
more burdensome than the taxation and connected requirements to which narionals
ofthat other State in the same circumstances, in particular with respect to residence,
are or may be subjected. This provision shall, notwithstanding the provisions of
Anicle l, also apply to persons who are not residents of one or both of the
Contracting Starcs.
2
The taxation on a permanent esrablishment u,hich an enterprise of a
Contracting State has in the other Contracting State shall not be less lhvourably
lcvicd in that other State than thc taxation levied on enterpriscs of that other State
carrying on the same activities. This provision shall not bc construed as obliging a
Contracting State to grant to residents of the other Contracting State any personal
allowances, reliefs and reductions for taxation purposes on account of civil status or
family responsibilities which it grants to its own residens.
3. Excepr where the provisions of paragraph I of Article 9, paragraph 7 of
Article
nterest, royalties and other disbu6ements
debt
rirst-mentioned state. simirarly, any
resident of the other Contracring State
taxable capital of such enterprise, be ded
had been contracted to a resident ofthe fi
sident of the other Contracting
le profits of such enterprise, be
been paid to a resident of the
4. Enterprises.of a Contracting State, the capital of which
is wholly or partly owned
or indirectty,. by one or more residents of the other Conrracring
::^::",1:11:dl
9]r:.rly
5tale. shau nor.
be subjected in the firsr-mentioned State to any taxation or anv
requirement connected therewith whlch is other or
taxalion and connected requirements ro which otherul^;fr,
of the first_
menrioned Stare are or may be subjected.
"n,"mrir1,
-or. b"r;.;;";;;;;
;i
5. In lhis Article the term ,'taxation,, nteans taxes which are subject
to this
Agreemcnl.
Article 26
MUTUAL AGREEMENT PROCEDURE
L
Where a person considers that the actions of one or
both of the Contracting
States result or will result for him in taxation not in
accordance wirh ttre provisions of
this Agreement, he may, irrespective of the remedies proriO"O
Uy itre Jom"stic law of
those States, present his case to rhe competent authority
of the Contracting Shte of
which he is a resident or, ifhis case comei under paragr;ph
I of Article 25, to thar of
the Contracting State of which he is a national. ih. -.ur.
b. pier.nted *ithi,
three years from the receipt ofthe first notification of the
r.rion ,.r,lt,ing in taxation
not in accordance with the provisions ofthis Agreement.
,r.r
authority shall endeavour, if the objection appcars to it to be
? .^ th.andcomperent
if
it is not irself able ro anivc ar a sarisfacr;ry soluriiir, to resolvc the
.justificd
case by mutual agreement with the competent authority of
thc other Contracting
State. with a view to the avoidance of taxition which is not in accordance
with this
n greement.
3,
'l he competent authorities
of the Contracting States shall endeavour to resolve
by mutual agreement any difficulties or doubts irising as (o the interpretation or
application of this Agreement. They may also consult togethcr for the elimination of
double taxation in cases not provided for in this Agreement.
25
4.
The competent authorities of the Contracting States may communicate with
each other directly, including through ajoint commission consisting ofthemselves or
their representatives, for the purpose of reaching an agreement in the sense of the
preceding paragraphs
Article 27
EXCHANGE OF INFORMATION
L The competent authorities of the Contracting States shall exchange such
information as is foreseeably relevant fbr carrying out the provisions of this
Agreement or to the administration or enforcement of the domestic laws
conceming taxes of every kind and description imposcd on behalf of the
Contracting States, or of their political subdivisions or local authorities, insofar
as the taxation thereunder is not contrary to the Agreement. The exchange ol'
information is not restricted by Articles I and 2.
2 Any information received under paragraph I by a Contracting State shall be
treated as secret in the same manner as information obtained under the domestic
laws ol that Statc and shallbc disclosed only to pcrsons or authorities (including
courts and administrative bodies) concerned with thc assessnrent or collection ol,
the enforcement or prosecution in respect of. the dctermination of appeals in
relation to the taxes referred to in paragraph I, or the ovcrsight ofthe above.
Such persons or authoritics shall use the information only for such purposes
They may disclose the information in public courl proceedings or in judicial
decisions
3. In no case shall the provisions ofparagraphs I and 2 be construcd so as to impose
on a Contracting Stale lhe obligation:
a) ro carry out administrative measures at variance with the laws and administrative
practice ol'that or ofthc other Contracting Statc;
b) to supply information which is not obtainable undcr the laws or in the normal
course ofthe administration ofthat or ofthe other Contracting State;
c) to supply information which would disclose any trade. business, industrial,
commcrcial or profcssional secret or tradc proccss, or information, the
disclosure oI which would bc contrary to public policl' (ordre public).
4. II'information is rcqucsted by a Contracting Statc in accordanse with this Article,
thc othcr Contracting State shall usc its intbrmation gathering mcasures to obtain thc
requestcd intbrmation, evcn though that ol.her State may not need such information
for its own tax purposes. The obligation contained in the prcceding senlence is
subject to the limitations of paragraph 3 but in no case shall such limitations be
construed to permit a Contracting State to decline to supply information solely
because it has no dodestic interest in such information.
Article 28
MEMBERS OF DIPLOMATIC MISSIONS AND CONSULAR
POSTS
Nolhing in this Agreement shall affect the fiscal privilegcs of members of diplomatic
missions or consular posts under the general rules of intemational law or under the
provisions of special agreements.
Chapter VII
Final provisions
Article 29
ENTRY INTO FORCE
of the Contracting States shall notifi,in written lbmr the other rhrough
.Each
diplomatic channels of the completion of the procedures required by its law for the
entry into force of this Agreemenl.
2 This Agreement shall enter into lbrcc on the date of reccipt of the later
norification indicating the completion of thc legal procedures necessary for the entry
into forcc ofthis Agreement. This Agreemenr shall have effect:
a) in respect of taxes withheld at source, to income deriyed on or after I January
of the calendar year next following the year in which the Agreement enters into
1.
lorce:
b)
in respect ofother taxes on income and on capital chargeablc for any taxable
year beginning on or after I January of the calendar year next foltowing thc year in
r.vhich the Agreement enters inro force
27
.
Article 30
TERMINATION
This Agreement shall remain in fbrce until rerminated by a Contracting State.
Either of the Contracting State may alicr rhe expirarion ol a period of five years
from the date of its entry into lbrce, terminare this Agreen'rent, by giving written
notice of termination to thc other Contracting Stare through the diplomatic
channels at least six months before the end of any calendar year. In such event,
this Agreement shallcease to have efl'cct;
in respect of l.axes withheld at sourcc. on income artrl on capital derived on
or alier I January of the calendar year next lbllowing thc ),ear in which thc notice
is given;
in respect ofother taxes on income and on capital chargeablc lbr any taxable
year beginning on or after I Januarl,ol lhe calendar year ncxt lbllowing the year
in which the notice is givcn.
i)
ii)
In witness whercol the undersigned. dul1, aulhoriscd tllcrelo. havc signcd this
Agreement.
Done in duplicate at Tbilisi this 25'r'day ol May 2010, in rhr: Georgian, Arabic and
English languages. all three texts being equally authenlic. ln the case ofdivergence of
interpretation the English lert shallprevail
For the Govemment ol'
Georgia
Gregori
I:or lhc Govenrment ol lhc Arab
Ilepublic ol Egypt
Ahnrcd n bul Ghait