2 September 2016
On 26 August 2016, the Norwegian government approved for ratification the pending protocol to the 1987 income and capital tax treaty with Switzerland and the tax information exchange agreement with the United Arab Emirates.
The protocol, signed 4 September 2015, is the third to amend the Norway-Swiss treaty. It amends Article 3 (General Definitions) regarding the competent authority, amends Article 25 (Mutual Agreement Procedure) to add arbitration provisions, and replaces Article 26 (Exchange of Information) to bring it in line with the OECD standard for information exchange. The protocol will enter into force once the ratification instruments are exchanged, and will generally apply from that date. However, the protocol provisions regarding Articles 25 and 26 will apply from 1 January of the year following its entry into force.
The tax information exchange agreement, signed 4 November 2015, is the first of its kind between Norway and the United Arab Emirates, and will enter into force 30 days after the ratification instruments are exchanged. It will apply for criminal tax matters from the date of its entry into force, and for other matters from 1 January of the year following its entry into force.
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