On 28 February 2020, the Finnish President authorized the Minister of Finance to sign amending protocols to several tax agreements with Guernsey and the Isle of Man. This includes the income tax agreements, mutual assistance agreements, tax information exchange agreements, and shipping and air transport agreements signed with Guernsey on 28 October 2008 and with the Isle of Man on 30 October 2007. The protocols will be the first to amend the agreements and will include updates based on OECD BEPS standards.