Norway Consulting on Implementation of Pillar 2 Side-by-Side Package

The Norwegian Ministry of Finance has announced the launch of a public consultation on amendments to the Supplementary Tax Act, which was enacted in January 2024 for the implementation of the Pillar 2 global minimum tax (supplementary tax). The amendments provide for the implementation of the Pillar 2 Side-by-Side package announced by the OECD in January 2026, including:

• The Qualified Side-by-Side (SbS) Safe Harbour, which sets the top-up tax under both the Income Inclusion Rule (IIR) and …