On 2 December 2019, the Ministry of Finance issued Decree No. 366 amending the country’s transfer pricing legislation.
The new decree updates the reference to the 2010 OECD transfer pricing guideline, providing that the 2017 version should instead apply. Therefore, the transfer pricing outcomes of the OECD/G20 base erosion profit shifting (BEPS) plan, including key changes made in the updated guidelines (e.g. chapter one), are now reflected in Georgian law.
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