Finland has 74 tax agreements in force as reported in its response to the Peer Review questionnaire, including the multilateral Nordic Convention concluded with Denmark, the Faroe Islands, Iceland, Norway and Sweden (the Nordic Convention).1 Forty-eight of those agreements, including the Nordic Convention, comply with the minimum standard.
Finland signed the MLI in 2017 and deposited its instrument of ratification on 25 February 2019. The MLI entered into force for Finland on 1 June 2019. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Finland has not listed its agreement with Bulgaria under the MLI but indicated in its response to the Peer Review questionnaire that steps have been taken (other than under the MLI) to implement the minimum standard in that agreement.
Finland is implementing the minimum standard through the inclusion of the preamble statement and the PPT.2