16 June 2015
From July 2015, Norway will allow payers of dividends to foreign transparent entities to withhold tax based on the rate that would be applicable for the underlying investor in the entity instead of the 25% rate.
The 25% withholding tax rate currently applies for transparent entities regardless of the rate that would apply for the investor under a tax treaty or the exemption provided for EEA Member State residents, although an investor may apply for a refund after a dividend distribution. From July, the refund application process will no longer be needed.
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