The income and capital tax treaty between Georgia and Hong Kong will enter into force on 1 July 2021. The treaty, signed by Georgia on 25 September 2020 and by Hong Kong on 5 October 2020, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Georgian profit tax, income tax, and property tax, and covers Hong Kong profits tax, salaries tax, and property tax. Residence If a person, other than an individual, is considered resident in both Contracting Parties, the competent authorities will determine the person's residence for the purpose of the arrangement through...