24 February 2016
The Finnish Ministry of Finance (MOF) has announced that it has initiated the legislative process for the proposed termination of the 1970 income and capital tax treaty with Portugal. Finland has been attempting to negotiate a new tax treaty since October 2013, and is preparing for the termination of the current treaty unless negotiations progress.
As part of the process, a consultation has been launched that will run through 17 March 2016. According to the consultation webpage (Finnish language), the main issue with the 1970 treaty involves the taxation rights of pensions.
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