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Finland Approves Termination of Current Tax Treaty with Portugal

29 May 2018

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Treaty Development

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Finland-Portugal

On 23 May 2018, the Finnish parliament approved the termination of the 1970 income and capital tax treaty with Portugal ({News-2018-04-16/T/3-previous coverage}). The intent is to have the treaty terminated effective 1 January 2019, which based on the provisions of the treaty, requires that Finland provide its notice of termination to Portugal before the end of June 2018. If the 1970 treaty is terminated effective 1 January 2019, it is possible that the new tax treaty Finland signed with Portugal in 2016 will become effective the same date, with no gap in treaty coverage. However, this will require that Portugal...