On 9 January 2014, Finland’s Ministry of Finance announced that the cabinet of ministers approved regulations ratifying the tax information exchange agreement between Panama and Finland. Certain provisions of the treaty come into effect from 20 December 2013.

Panama and Finland signed the tax agreement on 12 November 2012. The agreement was approved by the Finnish parliament on 5 November 2013 and adopted by the President on 18 November 2013.

The regulations ratifying the agreement will enter into force on 17 January 2014.