Deloitte Norway

Trond Eivind Johnsen and Wensing Li of Deloitte Norway discuss how the Norwegian government has moved to support businesses affected by the coronavirus outbreak through a novel scheme.

In Norway, the GAAR is non-statutory, and the rule has been largely developed by the Supreme Court.

Norway's Parliament passed legislative changes for the 2019 budget on December 20 2018, seeing notable changes to inbound investments, particularly a reduced corporate income tax (CIT) rate and stricter interest limitation rules (ILR).