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Protocol to Nordic Tax Treaty to Enter into Force for Finland

13 November 2019

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Treaty Development

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Finland-Denmark-Faroe Isl-Iceland-Norway-Sweden

On 7 November 2019, Finland's Ministry of Finance announced that the government has adopted the decree for the ratification of the amending protocol to the 1996 Nordic income and capital tax treaty, which will enter into force for Finland on 28 November 2019. The protocol, which was signed by the Contracting States to the treaty on 29 August 2018, includes amendments to bring the treaty in line with the minimum BEPS standards, including changes in the preamble, the addition of a general principle purpose test, and an update on mutual agreement procedures. The protocol will generally apply from 1 January...