The Minister for Foreign Affairs, Mr. Micheál Martin T.D. and the Georgian Minister of Foreign Affairs, Ms. Eka Tkeshelashvili signed in Tbilisi on 20 November 2008, an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income.

The Agreement is comprehensive in scope and generally follows the OECD Model Convention.

The Agreement covers taxes on the income of individuals and companies. It operates by either granting exclusive taxation rights to one or other country, or where the income or gain remains taxable in both, by providing that the country of residence of the taxpayer will relieve double taxation by allowing a credit for the tax paid in the other country.

The Agreement includes a non-discrimination article, which protects nationals of each country from discriminatory tax provisions in the other, and also includes an exchange of information article to counter tax evasion.

Full details of the DTA are available at
http://www.revenue.ie/press/pr_201108georgia-convention.htm