The protocols to three tax agreements between Finland and the Isle of Man enter into force on 10 June 2023, including the protocols to:

• the 2007 tax treaty for individuals;
• the 2007 agreement on Mutual Agreement Procedures; and
• the 2007 shipping and air transport agreement.

The protocols were signed on 15 June 2020 by Finland and on 3 July 2020 by the Isle of Man. They are the first to amend the agreements and include updates based on the OECD BEPS standards, including new preambles and entitlement to benefits provisions. The protocols generally apply from 1 January 2024, although the protocol to the tax treaty for individuals will apply in the Isle of Man from 6 April 2024.