Synne Bjotveit, Oliver Smyth and Anine Karstensen from RSM Norway have contributed to a chapter in the Global Legal Insights (GLI) – Corporate Tax 2021. In the chapter they provide an overview over the key developments within Norwegian corporate taxation for the years 2020 and 2021.
The UK based GLI-series provides readers with expert analysis of legal, economic and policy developments through the eyes of the worlds leading lawyers. The authors draw upon their own expertise to highlight crucial market trends, legal developments, and impending reforms to give general counsel, government agencies and private practice lawyers an understanding of the key issues in their jurisdiction.
The RSM team provide their insight in Corporate tax 2021 on the latest developments related to Norwegian tax legislation and case law. Further, they describe how the Covid-19 pandemic has affected Norwegian corporate tax legislation, including how the Norwegian Government has issued several stimulus packages and amended relevant tax and corporate legislation to reduce the impact of the pandemic for Norwegian companies. The chapter also contains significant information about M&A and transaction volume for the years 2020 and 2021, considerations regarding the tax climate in Norway and thoughts on the year ahead (among others).