• Nils Eriksen Partner

    VAT representative in Norway

    14/12/2010

    Any foreign company, not established in Norway, but supplying goods or (some) services in Norway, must designate a local VAT representative. The transactions triggering the need of a VAT representative in Norway are very different from those of many EU countries.

  • Alexander H. Frostad LL.M. Senior Associate

    2011 National Budget - Green light for green certificates

    03/11/2010

    On September 7th 2009 Norway and Sweden signed an agreement on the principles for a common market for electricity certificates. A proposal for a bill is expected in the spring of 2011 and the market start-up is planned for January 1st 2012. In the 2011 national budget the electricity certificate initiative has been allocated funds. The government is highly confident that the introduction of green certificates will increase the development of renewable energy production in Norway.

  • Dag Harlem Stenersen Senior Associate

    2011 National Budget - the value of waterfall rights not deductible for tax purposes

    03/11/2010

    The Ministry of Finance has proposed that the value of waterfall rights should not be deductible in the special tax base for resource rent tax on production of hydroelectric power. The Ministry refers to this as a “clarification”, but based on case law from the tax authorities, the proposal will de facto deny deductibility for many hydro power plants.

Fagområde

Bransje