Japan's Ministry of Finance announced on 15 May 2017 that Japan has agreed in principle on a new income tax treaty with Denmark, which will replace the 1968 tax treaty between the two countries (press release), and has agreed in principle on an income tax treaty with Estonia, which will be the first of its kind between the two countries (press release). The two treaties will be signed after the necessary internal procedures have been completed by the respective countries and will enter into force after the ratification instruments are exchanged. Details of each treaty will be published once available.