Norway Tax Agency Clarifies VAT Rules for Corporate Reorganizations

The Norwegian Tax Administration Jan. 16 posted online Binding Advance Ruling No. 12/2024, on VAT rules applicable to the reorganization of a company. The taxpayers, the owners of a company, wanted to reorganize their company to separate the company’s real estate into a different company. The taxpayers wanted to own all operations through a holding company and retain the company’s corporate registration number. In the outlined plan, the shareholders of the company would establish a holding company with an equal distribution of ownership, and then the holding company, in turn, would establish two new wholly owned subsidiaries (Operations 2 and ...