Norway Told To Amend Pension Tax Rules
by Ulrika Lomas, Tax-News.com, Brussels
20 December 2017
The European Free Trade Association Surveillance Authority (ESA) has ruled that Norway is in breach of European Economic Area (EEA) rules because it does not give non-resident, low-income pensioners the same tax deductions as those available to residents.
ESA said some Norwegian pensioners who have moved to other EEA states receive such a small pension income from Norway that it would be exempt from taxation there. In specific circumstances these pensioners are not offered the same tax deductions as are available to pensioners living in Norway.
In ESA's view, this constitutes unequal treatment and is in breach of Article 28 of the EEA Agreement and has sent Norway a reasoned opinion, seeking a response from the Government. Norway has two months to respond. Failing such, ESA may refer Norway to the EFTA Court.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
