Only one Norwegian resident has the right to claim tax credits and/or tax exemptions for income from foreign sources. The current tax treaty must be reviewed to determine the rules in place. In recent years, the method of exemption has been favoured in Norwegian tax treaties, but this is changing, and new contracts are now based on the credit method to avoid double taxation. We contain a collection of global double taxation conventions in English (and other languages, if available) to assist members in their applications. If you`re having trouble finding a contract, call the application team on (0)20 7920 8620 or email us at library@icaew.com. It is much more common to seek the services of a qualified and experienced accountant to seek tax breaks through double taxation agreements. Fees vary depending on the complexity of an individual`s personal life, in almost all cases, the tax savings far exceed all the costs of using an accountant – and they can be sure to pay the correct amount of tax with total confidence. The Double Taxation Agreement came into force on December 17, 2013. 1.

The competent authorities of the contracting states exchange the information necessary for the implementation of the provisions of this Convention or the national legislation of the contracting states relating to the taxes covered by this Convention, provided that the imposition of this Convention is not contrary to this Convention, in particular to prevent fraud and facilitate the application of anti-circumvention legislation. Article 1 of this convention does not limit the exchange of information. All information received from a State Party is treated as secret as information obtained under that state`s national law and may only be disclosed to individuals or authorities (including courts and administrative bodies) who are responsible for the assessment, the collection, enforcement or enforcement of the tax law covered by these Conventions or the designation of remedies for these individuals. These persons or authorities may only use this information for such purposes. They may disclose information in the context of public court proceedings or in court decisions. (ii) in the case of Norway, a company that has the authority to enter into pension contracts in accordance with national rules and is under the supervision of the Norwegian Financial Supervisory Authority (Finanstilsynet). (a) In accordance with paragraph 1, a person has submitted a case to the competent authority of a contracting state on the grounds that the actions of one or both of the contracting states have resulted in a taxing that does not comply with the provisions of this Convention and, if you are considered a tax resident in two or more countries, it is important to hear any tax breaks through double taxation agreements.3 The competent authorities of the contracting states try to resolve by mutual agreement any difficulty or doubt about the interpretation or application of the convention. They can also agree on the elimination of double taxation in cases not provided for by the convention. The Convention also provides for specific provisions to avoid the double taxation of production gains from certain North Sea oil and gas deposits, which extend along the demarcation line between the British and Norwegian continental shelf sectors (Articles 24-27). 4. Companies of a contracting state whose capital is held, directly or indirectly, by one or more residents of the other contracting state or under the jurisdiction of the contracting state, are not subject, in the first state, to a tax or related requirement that is other or more burdensome than the taxation and related requirements to which other similar enterprises of the first state are or may be subject.