28 October 2016 The EFTA Surveillance Authority concludes Norwegian interest deduction limitation rules are contrary to EEA Agreement The European Free Trade Association (EFTA) Surveillance Authority (ESA) issued its reasoned opinion on October 25, in the infringement procedure against Norway, concluding that the Norwegian interest deduction limitation rules are contrary to the freedom of establishment under the European Economic Area (EEA) agreement. The Norwegian Ministry of Finance is required to make the necessary amendments to the rules so that such rules are not considered as indirectly discriminatory. If such measures are not taken within two months, ESA will be able to submit the case to the EFTA Court. Accordingly, it is likely that the Norwegian interest deduction limitation rules will be amended before the end of 2016. Document ID: 2016-1831 |
