On March 19th, 2014, the Georgian Parliament approved for ratification the tax treaty between Georgia and Sweden. The treaty was originally signed in November 2013, and includes the following withholding rates:

• Dividends - 0% when paid to company holding at least 10% of the paying company's capital, otherwise 10%
• Interest - 0%
• Royalties - 0%

The treaty will enter into force after the exchange of…