Japan's Ministry of Finance has announced the signing of a new income tax treaty with Georgia on 29 January 2021. Once in force and effective, the new treaty will replace the 1986 tax treaty between Japan and the former Soviet Union as it applies in respect of relations between Georgia and Japan. Taxes Covered The treaty covers Georgian profit tax and income tax and covers Japanese income tax, corporation tax, the special income tax for reconstruction, local corporation tax, and local inhabitant taxes. Residence If a person other than an individual is considered resident in both Contracting States, the competent...