tax information about republic of georgia

tips-and-tricks

#1

Hi,

I’m looking for tax information about U.S. and republic of Georgia. I cannot find if there is a specific treaty, all the docs I saw just state: U.S.-U.S.S.R. income tax treaty, which I’ve no idea what it means.


#2

Hello,

I think it means the Republic of Georgia inherited the US-USSR treaty. If I remember correctly US tax withholding is limited to 10% with this treaty.

Hope it helps.


#3

Yeah, it doesn’t have its own tax treaty, but is bundled in with the ‘Commonwealth of Independent States’.


#4

I see, thank you!


#5

where can I confirm the %?


#6

Here you go…

https://www.irs.gov/PUP/individuals/international/Tax_Treaty_Table_1.pdf

You want the ‘royalties… copyrights’ column. Looks like 0% from that, so make sure you fill out the W8 with your tax ID.


#7

yeah I saw that while I was googling. but I couldn’t understand what number applied to me, because we are not even in the table, just a footnote:

  • Those countries to which the U.S.-U.S.S.R. income tax treaty still applies: Armenia, Azerbaijan, Belarus, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan.

So where did you read 0%?


#8

okay for the reference I found this site: http://www.treatypro.com/treaty_tables/united_states.asp

Which has clear and concise representation of US treaties with all countries and percentages.

for Georgia royalties are at 0%.


#9

You can be sure, you’re lucky. It will be 0% :slight_smile:


#10

Yes I do feel lucky :slight_smile: Do you any of you know if my current submission of tax information will affect previous sales? I got 1 sale today, and I lost 30% for tax thing, now that I filled out documents correctly will I get back 30% for that sale?


#11

Hey, do you know if updated tax information will have effect on past sales too? Or sales in the future?


#12

In the future, YES.
But for past, no.
What is gone, is gone.


#13

Commonwealth of Independent States

https://www.irs.gov/PUP/individuals/international/Tax_Treaty_Table_1.pdf