The Finnish Government proposes that the bilateral tax treaty with Portugal, dating from 1970, should be terminated by the end of the year, waiting for a new agreement in 2019. At issue is the dissatisfaction with Portuguese Non-Habitual Residency regime which has led many Finnish pensioners to “flee” to Portugal seeking exemption from taxation. Finnish Finance Minister Petteri Orpo stated that “the tax treaty is not fair”. In 2016, Portugal and Finland agreed to update the treaty but, 18 months later, no changes have occurred.
Finland wants to end 1970 tax treaty with Portugal
26 Thursday Apr 2018