On 23 April 2016, the Finnish Ministry of Finance announced that negotiations for a new income tax treaty with Portugal have concluded. The conclusion follows several years of negotiation to replace the current 1970 income tax treaty, including recent preparations by Finland to terminate the current treaty unless negotiations progressed. The new treaty must be signed and ratified before entering into force, and once in force and effective will replace the 1970 treaty. Additional details will be published once available.