Georgia's Ministry of Finance reportedly issued Decree No. 366 on 2 December 2019, which amends the country's transfer pricing legislation. Under the legislation, reference is made to the OECD Transfer Pricing Guidelines with regard to issues that are not specifically covered under Georgia's transfer pricing rules. The Decree updates this reference from referring to the 2010 OECD guidelines to referring to the 2017 OECD guidelines. As such, the latest updates to the guidelines resulting from the BEPS project are effectively adopted in Georgia.