DNB operates a branch in New York. The branch receives deposits on which DNB pays interest. Most of the deposited funds are transferred to DNB’s head office in Norway for onward lending. Under...

A company was financed through loans from its parent company in Luxembourg but was allowed to deduct only part of its interest expenses. The tax authorities applied the interest limitation rule for related-party loans set out in Section 6-41 of the Norwegian Tax Act, as it was...

Today, the Ministry of Finance published for consultation a proposal to amend the Norwegian exit tax rules applicable to individuals holding shares and similar assets. The proposal would require exit tax to be paid within 12...