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Norway and US agree qualifying RICs aren't restricted from Double Tax Treaty benefits

|Tax Alerts, Treaties, National/Federal T ...|United States, Norway
United States, Norway

  • On 6 November 2024, the US and Norway signed a Competent Authorities Agreement (CAA) allowing qualifying Regulated Investment Companies (RICs) to claim treaty benefits under the US-Norway Double Tax Treaty, including a reduction of dividend withholding tax to 15%.
  • The CAA aligns with a recent Norwegian Tax Appeal Board decision, which determined that RICs are eligible for treaty benefits, potential…

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