Chartered Accountants Tax News - 22nd February 2010

Mon, Feb 22, 2010

A Protocol to the UK/Georgia Double Taxation Agreement was signed on 3 February 2010. The Protocol which is not yet in force amends Article 3 (Definitions), Article 5 (Permanent Establishment), and Article 10 (Dividends) of the existing Double Taxation Agreement.

The Article 3 amendment adds a definition of the term "pension scheme" to the treaty. The Article 5 amendment means that a building site or construction or installation project will only constitute a permanent establishment if it lasts more than twelve months rather than the current six months. Finally the Article 10 amendment changes how dividends are to be taxed.

The full text of the Protocol can be accessed here

Recommended Reading

Featured book

A Practical Guide to Insolvency by Kavanagh Fennell now available on the iBookstore This easy-to-use guide to the complexities of insolvency in Ireland for business managers, accountants, and other professionals, previously published in paperback, is available for your iPad in the iBookstore and for your Kobo eReader from KoboBooks.

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