14 November 2018
On 6 November 2018, Finland’s Parliament approved the pending protocol to the 1996 Nordic income and capital tax treaty. The protocol, signed 29 August 2018 amends the treaty to bring it 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 enter into force 30 days after all Contracting States have notified the Finnish Ministry of Foreign Affairs that the protocol has been approved and will apply from 1 January of the year following its entry into force.
The Contracting States to the Nordic tax treaty include Denmark, the Faroe Islands, Finland, Iceland, Norway, and Sweden.
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