Norway Tax Agency Posts Board Ruling on Taxation of Pension Benefits Under DTA With Mexico

The Norwegian Tax Administration April 21 posted online Tax Appeals Board Decision No. 01 NS 35/2021, explaining the Norwegian taxation of benefits from the Norwegian occupational pension regime under the 1995 DTA with Mexico. A Norwegian taxpayer emigrated to Mexico, while retaining a Norwegian tax residence, for tax year 2015. The taxpayer requested a tax exemption for tax year 2015 in Norway, and the calculation of deductions for debt and debt interest, wealth taxes on property in Mexico, and the interest rate for deductions on interest income under the DTA. The tax appeals board confirmed the taxpayer’s 2015 exemption as ...