„საქართველოს მთავრობასა და ეგვიპტის არაბთა რესპუბლიკის მთავრობას შორის შემოსავლებსა და კაპიტალზე ორმაგი დაბეგვრის თავიდან აცილების და გადასახადების გადაუხდელობის აღკვეთის შესახებ" შეთანხმება და შეთანხმების ოქმი"

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ინიცირების თარიღი
04.06.2010
ავტორი
საქართველოს საგარეო საქმეთა სამინისტრო
ინიციატორი
საქართველოს პრეზიდენტი
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#07-1/198/7
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📋 განხილვის ეტაპები

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  • საფინანსო-საბიუჯეტო კომიტეტი წამყვანი კომიტეტი
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  • განათლების, მეცნიერებისა და კულტურის კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
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  • ჯანმრთელობის დაცვისა და სოციალურ საკითხთა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა

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ბიუროზე განხილვის თარიღი 2010-06-07
ბიუროს ნომერი 127

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საქართველოს პარლამენტის ბიუროს გადაწყვეტილება ნორმატიული აქტის პროექტის განხილვის პროცედურის დაწყების შესახებ
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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