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Norway Approves National Budget for 2021 Including 15% Withholding Tax on Payments to Low-Tax Countries

|Approved Changes|Norway
Norway

According to an update from the Norwegian parliament, the National Budget for 2021 was finalized and approved on 19 December 2020. The main tax measure for companies is the introduction of a 15% withholding tax on interest, royalties, and rent payments for certain physical assets paid by companies operating in Norway to related companies in low-tax countries. The withholding tax is meant to co…

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