On 3 August 2012, the Finnish tax administration issued guidance on dividend withholding tax (No. A77/200/2012) (the Guidance) which updates the Guidance of 28 June 2010 and 30 May 2011. The Guidance points out that as the exchange of information agreement between Finland and Liechtenstein (TIEA) entered into force on 4 April 2012, a dividend recipient resident in Liechtenstein may qualify for the exemption from dividend withholding tax under domestic law if it fulfils the other requirements. As the TIEA is retroactively effective from 1 January 2011, the exemption may be claimed as from that date. Previously, the exemption applicable to corporate...