Government Bill) on changes to domestic law to comply with the provisions of  Directive 2003/123/EC, which amends the EC Parent-Subsidiary Directive (90/435/EEC), has been approved by the parliament. The Law (No. 225/2007, amending Sec. 3 of the Law on Taxation of Non-residents) was signed by the president on 2 March 2007. It entered into force on 9 March 2007 and its provisions apply retroactively to distributions made as from 1 January 2007. Accordingly, from that date, outbound dividends are exempt from withholding tax in Finland if the recipient is an EU company referred to in Art. 2 of the Directive...