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Swedish Parliament Approves Termination of Current Tax Treaties with Greece and Portugal

04 June 2021

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Treaty Development

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Sweden-Greece-Portugal

On 2 June 2021, the Swedish parliament announced its approval of the termination of the 1961 income and capital tax treaty with Greece and the 2002 income tax treaty with Portugal. The treaty with Greece is being terminated to fight tax evasion and also because the treaty is outdated and deficient in general. The treaty with Portugal is being terminated due to a long-standing dispute over the taxation of pensions, which was addressed through an amending protocol signed in 2019 but not ratified by Portugal. According to the parliament, both treaties will expire on 31 December 2021, although the required...