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Amendments to CFC rules

|Approved Changes|Norway
Norway

On 3 October 2006, the Directorate of Taxes made some amendments to the current CFC rules (Regulation of 19 November 1999 No. 1158). The amendments apply from 1 January 2007. Details of the amendments are summarized below.

CFC legislation

Under the CFC legislation, if a foreign company is owned or controlled, directly or indirectly, for at least 50% by Nor…

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