logo

Insight

8 April 2022

Newsletter – proposed amendments to the petroleum tax regime

The Government announced on a press conference 31 August 2021 that they would propose amendments to the petroleum tax act. The Ministry of Finance then 3 September 2021 issued a public consultation paper where it is proposed that the rules on depreciation and tax-free income in the special tax for petroleum from 2022 should be replaced by immediate expense recognition of investments (cash flow tax – direct tax deduction). The Ministry of Finance emphasized that the proposed amendment is similar to amendment that entered into force for hydroelectric power with effect for investments made from 2021.

21 August 2024

The Norwegian Competition Authority fines Norway’s three leading grocery chains approximately 420 million euros for illegal information exchange

Norway’s three leading grocery chains – NorgesGruppen, Coop and Rema 1000 – for violating Section 10 of the Norwegian Competition Act (mirroring Article 101 TFEU) by cooperating on the use of so-called price hunters to systematically check prices in competitors' stores. According to the NCA, this constitutes illegal information exchange, which has had a restrictive effect on competition.

6 September 2021

Newsletter - potential amendments to the petroleum tax regime

The Government announced on a press conference 31 August 2021 that they would propose amendments to the petroleum tax act. The Ministry of Finance has now issued a public consultation paper where it is proposed that the rules on depreciation and tax-free income in the special tax for petroleum from 2022 should be replaced by immediate expense recognition of investments (cash flow tax – direct tax deduction). The Ministry of Finance emphasizes that the proposed amendment is similar to amendment that entered into force for hydroelectric power with effect for investments made from 2021.

26 February 2021

Newsletter: The FSA reconfirms its view that legal financiers require FSA approval to carry out dispute funding in Norway

As interest in third-party funding in Norway continues to grow, the Norwegian Financial Supervisory Authority (FSA) again confirms its view that funders require authorisation to market and provide litigation and arbitration funding in Norway. This underlines the FSA’s commitment to enhance oversight over the fast-growing new breed of financial services organisations, including legal financiers.

Nyhetsbrev

Vil du motta relevante nyheter og invitasjoner på e-post?