Finland's Ministry of Finance has announced that an amending protocol to the 1996 Nordic income and capital tax treaty has been approved for signature. The protocol includes amendments to bring the treaty in line with the minimum BEPS standards, including changes in the preamble, the addition of a general principle purpose test, and an update on mutual agreement procedures.
Parties to the Nordic tax treaty include Denmark, the Faroe Islands, Finland, Iceland, Norway, and Sweden.