Kuwait-Georgia Tax treaty: Entered into force

Signed in Kuwait on 13 October 2009, the income and capital tax treaty between Georgia and Kuwait entered into force on 14 April 2013.

The main provisions are effective from 1 January 2014 and are as follows:

Permanent establishment

The term "permanent establishment" means:

• a fixed place of business, through which the business of an enterprise is wholly or partially carried on, or

• a building site, a construction, assembly or installation project or supervisory activities in connection therewith constitutes a permanent establishment, but only where such site, project or activities continue for a period of more than six months period.

Dividends

Dividends paid by a company resident of a contracting state to a resident of the other contracting state may be taxed in that other state.