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Norway's National Budget for 2021 Includes 15% Withholding Tax on Interest, Royalties, and Rent Payments

|Proposed Changes|Norway
Norway

On 7 October 2020, the Norwegian government announced the National Budget for 2021. The main proposed 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 counteract the relocation of profits and…

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