Finland and Portugal agree to terms of new tax treaty

Finland’s Ministry of Finance today announced that it has reached an agreement with the Portuguese government on the terms of a new tax treaty, a goal long-sought by the Ministry.

The new tax treaty would replace a 1970 agreement, allowing for the first time source country taxation of private-sector pension income. The agreement also includes modern provisions to prevent double taxation, Finland’s Ministry of Finance said.

More details about the tax treaty will be announced at the signing of the agreement.

 


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