The Swedish Ministry of Finance has announced the submission of two draft bills in parliament on 23 March 2021 that provide for the termination of the 1961 income and capital tax treaty with Greece and the 2002 income tax treaty with Portugal. The two treaties are to be terminated by 31 December 2021 so that they cease to apply from 1 January 2022.
According to the Ministry, the reason for termination is that these countries have introduced targeted tax rules that essentially allow individ…