On 28 November 2019, the amending protocol to the Nordic tax treaty (Denmark, the Faroe Islands, Finland, Iceland, Norway, and Sweden) was entered into force in respect of Norway and applies from 1 January 2020.
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Sweden: Ministry of Finance proposes reduced energy tax on electricity from 2026
Sweden’s Ministry of Finance has proposed lowering the energy tax on electricity to öre 41.1 per kilowatt hour on 19 May 2025. The draft is currently under consideration. If approved, the change would take effect on 1 January 2026. The
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Iran: Guardian Council approves tax treaty with Finland
Iran’s Guardian Council has approved the income tax treaty with Finland on 22 April 2025, after the parliament approved the agreement on 8 April 2025. Signed on 7 February 2022, this is the first treaty between the two countries and aims to
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Sweden: Ministry of Finance announces tax proposals for Autumn Budget 2026, includes reduced corporate tax
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Norway consults proposed list of non-cooperative tax jurisdictions
Norway’s Ministry of Finance opened a public consultation on a proposed list of jurisdictions deemed non-cooperative for tax purposes on 14 May 2025. The establishment of this list is part of the Ministry's work to implement EEA Joint Committee
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Finland updates CRS participating jurisdictions list
The Finnish Tax Administration has published an updated list of participating jurisdictions for exchanging financial account information under the Common Reporting Standard (CRS) on 15 May 2025. The Common Reporting Standard (CRS), developed in
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Iceland, Montenegro negotiate tax treaty
The Montenegro government published a proposal for negotiating an income and capital tax treaty with Iceland on 15 May 2025. The agreement aims to avoid double taxation and prevent fiscal evasion concerning income taxes between Iceland and
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