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Finland and the Isle of Man Sign Protocols to Amend Three Tax Agreements

22 July 2020

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Treaty Development

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Finland-Isle Of Man

On 16 July 2020, the Isle of Man Government published amending protocols to three tax agreements with Finland. These include the following: Protocol to the 2007 tax treaty for individuals Protocol to the 2007 agreement on Mutual Agreement Procedures Protocol to the 2007 shipping and air transport agreement The protocols were signed on 3 July 2020 by the Isle of Man and 15 June 2020 by Finland. They are the first to amend the agreements and include updates based on the OECD BEPS standards, including new preambles and entitlement to benefits provisions. The protocols will enter into force 30 days...