Norway Consulting on Interest Restriction Amendments

Norway's Ministry of Finance has published a consultation document on proposed amendments to the country's income expense deduction restrictions. Under current rules, the deduction of interest on related-party debt is limited to 25% of a taxpayer's EBITDA with an annual de minimis threshold of NOK 5 million for deduction without restriction. The proposed changes include:

• Expanding the restriction to also apply for third-party loans;
• Increasing the de minimis threshold to NOK 10 million; and
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