These changes entail full exemption from withholding tax subject to specific conditions, on dividends paid out by Norwegian companies to shareholders in Austria, Belgium, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the UK.

 

The Norwegian tax authorities have now laid down guidelines indicating how the tax exemption is to be applied to dividends paid out by Norwegian companies to foreign shareholders. An explanation will be provided below.