According to an update from the Norwegian parliament, the National Budget for 2021 was finalized and approved on 19 December 2020. The main tax measure for companies is the introduction of a 15% withholding tax on interest, royalties, and rent payments for certain physical assets paid by companies operating in Norway to related companies in low-tax countries. The withholding tax is meant to counteract the relocation of profits and will apply from 1 July 2021. Additional details will be published once available.