(i) the personal income tax (Imposto sobre o Rendimento das Pessoas

Singulares – IRS);

(ii) the corporate income tax (Imposto sobre o Rendimento das Pessoas

Colectivas – IRC); and

(iii) the surtaxes on corporate income (Derramas);

(hereinafter referred to as “Portuguese tax”);

b) in the case of Georgia:

(i) the profit tax;

(ii) the income tax; and

(iii) the property tax;

(hereinafter referred to as "Georgian tax”).

4. The Convention shall apply also to any identical or substantially similar taxes

that are imposed after the date of signature of the Convention in addition to, or in place

of, the existing taxes. The competent authorities of the Contracting States shall notify

each other of any significant changes that have been made in their taxation laws.

CHAPTER II

DEFINITIONS

ARTICLE 3

GENERAL DEFINITIONS

1. For the purposes of this Convention, unless the context otherwise requires:

a) the term “Portugal” when used in a geographical sense comprises the terri-tory of the Portuguese Republic in accordance with the International Law

and the Portuguese legislation, including its territorial sea, as well as those

maritime areas adjacent to the outer limit of the territorial sea, comprising

the seabed and subsoil thereof, over which the Portuguese Republic exer-

cises sovereign rights or jurisdiction;

b) the term “Georgia” means the territory defined by Georgian legislation, in-cluding land territory, its subsoil and the air space above it, internal waters

and territorial sea, the sea bed, its sub-soil and the air space above them, in

respect of which Georgia exercises its sovereignty, as well as the contigu-

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