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Norway Receives Approval To Keep Maritime Sector Tax Breaks

by Ulrika Lomas, Tax-News.com, Brussels

03 November 2015


The EFTA Surveillance Authority on October 28, 2015, approved a six-month extension for a Norwegian aid scheme that provides tax refunds to seafarers.

The scheme provides refunds, to ship owners, of income tax and social security contributions. The scheme is in line with the Authority's guidelines on aid to the maritime industry, which allow for aid to ship owners facing competition from ships registered outside the European Economic Area.

The scheme was last approved by the Authority in 2008. It has remained unchanged since then. The approval of the extension lets Norwegian authorities keep the existing scheme operative whilst working on a redesign of the scheme. Norway intends to notify the Authority of a redesigned scheme in the near future.

TAGS: tax | marine | Norway | social security | individual income tax | Europe

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