Norway has published an updated list of low-tax jurisdictions for tax purposes. The list applies primarily in relation to the application of Norway's CFC rules and the exemptions provided for dividends received and capital gains on shares.
The updated list of low-tax jurisdictions includes:
Andorra; Anguilla; Bahamas; Bahrain (exception for taxable oil sector companies); Belize; Bermuda; BES Islands; Cayman Islands; United Arab Emirates; Hong Kong; Isle of Man; Virgin Islands (US); Virgin Islands (British); Channel Islands (Jersey, Guernsey, and others); Kosovo; Liberia; Macao; Marshall Islands; Maldives; Mauritius; Micronesia; Moldova; Monaco; Montenegro; Nauru; Oman (exception for taxable oil sector companies); Paraguay; Palau; Qatar (exception for taxable oil sector companies); St. Barthelemy; Serbia; St. Kitts and Nevis; St. Vincent and the Grenadines; Uzbekistan; and Vanuatu.
The list of non-low-tax jurisdictions, except for companies that are taxed at a reduced rate, includes:
Australia; Canada; Chile; India; Japan; China; New Zealand; South Africa; and the United States.
Click the following link for the regulation of the list (Norwegian language), which is effective from 1 January 2017.
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