TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Protocol to the UK /Georgia Double Taxation Agreement

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 at http://www.hmrc.gov.uk/international/protocol-uk-georgia.pdf