martes, 14 de junio de 2016

Norway: Transfer pricing documentation, country-by-country reporting

A political agreement on future tax amendments has been reached, and included in the agreement are proposed measures for country-by-country reporting that generally are in line with the final recommendations under OECD’s base erosion and profit shifting (BEPS) Action 13 relating to transfer pricing documentation and country-by-country reporting.

Preliminary discussions on tax reform were finalised in Norway’s Parliament in early May 2016 when an agreement among six of the political parties was reached. The parties agreed to 17 “action points” for the direction of the future tax changes. Among the proposals in the agreement are measures for:


  • A reduction of the corporate tax rate to 23% by 2018
  • An extension of the earnings stripping rules, with application of the rules to all interest payments (and not just interest on related-party loans)
  • Implementation of the proposed actions recommended by the OECD in the base erosion and profit shifting (BEPS) project

Source: KPMG

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