The MEPs found that seven of the EU’s 28 member states — Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and The Netherlands — “display traits of a tax haven and facilitate aggressive tax planning.”
Following increased pressure by the Finnish Government for Portugal to ratify the revised treaty between the two countries, on April 30, 2018 the Finnish Parliament voted in favor of denouncing the Portugal-Finland tax treaty signed on April 27, 1970 (the Old Treaty). As a result the Old Treaty will be terminated effective as of January 1, 2019, in accordance with article 30.º of that treaty. If Portugal does not ratify the revised treaty by December 1, 2018, Finnish domestic legislation will apply, and private sector pensions sourced in Finland and paid to Portuguese residents will be subject to tax in Finland from January 1, 2019.
Following increased pressure by the Finnish Government for Portugal to ratify the revised treaty between the two countries, on April 30, 2018 the Finnish Parliament voted in favor of denouncing the Portugal-Finland tax treaty signed on April 27, 1970 (the Old Treaty). As a result the Old Treaty will be terminated effective as of January 1, 2019, in accordance with article 30.º of that treaty. If Portugal does not ratify the revised treaty by December 1, 2018, Finnish domestic legislation will apply, and private sector pensions sourced in Finland and paid to Portuguese residents will be subject to tax in Finland from January 1, 2019.
