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Finland-Portugal

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Finland to Terminate Existing Tax Treaty with Portugal before 2019

The Finnish government has announced that it will propose to parliament that the 1970 income and capital tax treaty with Portugal be terminated to make certain that its application ceases from the start of 2019. Given its issues with the treaty, Finland had been looking to negotiate a new tax treaty with Portugal for several years and in November 2016 a new treaty was signed (previous coverage). The new treaty is to replace the existing treaty from 2019, but the Finnish government is concerned that the Portuguese government is not moving fast enough to have the new treaty ratified in time, resulting in the proposal to terminate the existing treaty. A similar move was made by the Finnish government prior to the conclusion of negotiations for the new treaty in 2016, when the government moved to have the existing treaty terminated unless negotiations progressed.

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