The new income tax treaty between Georgia and Japan will enter into force on 23 July 2021. The treaty, signed 29 January 2021, replaces 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 authorities of both States will determine...