Norway Tax Agency Posts Board Ruling Clarifying Deductions for Restructuring, Marketing Contributions, Trade Receivables Losses

The Norwegian Tax Administration June 24 posted online Tax Appeals Board Decision No. SKNS1-2024-13, clarifying deductions for paid restructuring, marketing contributions, and losses on trade receivables. The taxpayer, a parent company owning multiple subsidiaries, sought deductions for paid restructuring, marketing contributions, and losses on trade receivables in addition to seeking a VAT refund. The Tax Office found that there was no right to a deduction for the specified losses and that there was no basis for a VAT refund on the specified matter. On appeal, the Tax Appeals Board’s Secretariat partially upheld the Tax Office’s assessment, finding that: 1) the ...