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Tax Treaty between Norway and Romania has Entered into Force

06 June 2016

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Treaty Development

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Norway-Romania

According to a recent update from the Norwegian Ministry of Finance, the income tax treaty with Romania entered into force on 1 April 2016. The treaty, signed 27 April 2015, replaces the 1980 tax treaty between the two countries. Taxes Covered The treaty covers Romanian tax on income and tax on profit. It covers the following Norwegian taxes: National tax on income; County municipal tax on income; Municipal tax on income; National tax relating to income from the exploration for and the exploitation of submarine petroleum resources and activities and related work, including pipeline transport of petroleum produced; and National...