Norway Tax Agency Clarifies Loss Carryforward in Reorganizations, Additional Tax

The Norwegian Tax Administration Jan. 2 posted online Tax Appeals Board Decision No. SKNS1-2025-16, clarifying loss carryforward losses in reorganizations and additional tax. The taxpayer, company, merged into a group but failed to indicate on its tax return that it had a change in ownership that brought it into a group relationship. The taxpayer, however, indicated on its shareholder statement that a company acquired it. The Tax Office denied the taxpayer’s loss carryforward and imposed an additional tax of 20 percent of the tax advantage. On appeal, the Tax Appeals Board found that: 1) denying the carryforward was correct because ...