The Norwegian Tax Administration has issued a release regarding the implementation of Amount B relating to the simplification of transfer pricing rules under Pillar 1. Amount B provides a simplified and streamlined approach for pricing certain controlled transactions involving baseline marketing and distribution activities. Countries may elect to apply Amount B to covered transactions of distributors, sales agents, and brokers operating in their country for accounting periods beginning on or after 1 January 2025. According to the release, the Norwegian Ministry of Finance has informed the Directorate of Taxes of the decision that amount B shall not be applied in...