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The Norwegian tax system is changing as a result of BEPS

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The Norwegian tax system is changing as a result of the OECD’s base erosion and profit shifting (BEPS) initiative and the need to adapt the way national taxes are levied to the global economy.

Amongst other Norway has introduced interest deduction limitations rules and rules to neutralise hybrid mismatch arrangement in certain situations. Other changes are in the pipeline, and we are closely monitoring the development internationally together with our PwC-colleagues worldwide. 

Next step in Norway is the Committee on Finance’ Recommendation to the Storting on the 2016 Tax with deadline on the 12th of April 2016.

The hottest topics in Norway has been introduction of withholding taxes on interest and royalty, tightening of the interest deduction limitation rule, further rules to combat hybrid mismatch arrangements and implementation of the changes to the OECD Transfer Pricing guidelines and documentation requirements.

To read more about the substantial work done by PwC international regarding the BEPS project, please see http://www.pwc.com/gx/en/services/tax/tax-policy-administration/beps.html

We are happy to discuss with you how the BEPS project may affect your business in Norway, now or in the future.

Lars Hallvard Walby

Lars Hallvard Walby

Jeg heter Lars Walby og jobber som advokat i Advokatfirmaet PwC.

Jeg jobber med bedriftsbeskatning nasjonalt og internasjonalt, og har jobbet med skatt siden 1999.

I hovedsak bistår jeg norske og internasjonale industrielle aktører med løpende skatterådgivning, i forbindelse med reorganiseringer, grenseoverskridende transaksjoner og etableringer, samt oppkjøps- og salgsstrukturering, herunder tax due diligence. Jeg har spesialkompetanse på særskatteregimet for vannkraftprodusenter og generasjonsskifter i aksjeselskaper.

Det er mye som skjer på skatteområdet for tiden, ikke minst internasjonalt. Vi jobber hardt for å holde oss oppdatert og deler gjerne erfaringene. Ta gjerne kontakt dersom du har spørsmål, kommentarer eller innspill til innleggene.

My name is Lars Walby and I work as a lawyer in PwC law firm.

My main areas of expertise is national and international corporate taxation and reorganisations. I also have special expertise in the tax regime for hydropower production.

There is a lot going on at the tax area especially within the field of international taxation. We work hard to keep updated and we would like to share some of our experiences with you. Please feel free to contact me if you have any questions,comments or input to some of the articles.

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