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Update - Norway Measures to Mitigate Effects of the COVID-19 Pandemic — Orbitax

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Update - Norway Measures to Mitigate Effects of the COVID-19 Pandemic

|Approved Changes|Norway
Norway

As previously reported, Norway is implementing several measures to help mitigate the effects of the COVID-19 pandemic on the economy. One of the measures is allowing companies that are lossmaking to re-allocate their loss towards previous years’ taxed surplus. This measure applies with respect to losses in 2020, which may only be set off against profits in 2018 or 2019.

Norway has also provid…

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