Finland's President has approved the suspension of the country's 1996 income tax treaty with Russia, with effect from 1 July 2026, following the government's decision earlier this month — a largely symbolic step given the treaty's limited practical reach since Russia's partial withdrawal in 2023.
Finland’s Ministry of Finance announced that the President has approved the suspension of the 1996 income tax treaty with Russia, effective 1 July 2026, after a formal proposal was made to the President for approval.
This follows after Russia’s partial withdrawal from the agreement in August 2023.
Finland suspended its 1996 tax treaty with Russia, ending its unilateral application of the agreement after Moscow already withdrew from key provisions in August 2023 in response to EU sanctions.
The move is expected to have a limited economic impact given the sharp decline in bilateral trade since Russia’s invasion of Ukraine, though some individuals may be exposed to double taxation as a result.
Earlier, the Finnish government had decided to suspend its income tax treaty with Russia on 12 March 2026.
