Norway to End Five Tax Treaties It Calls Older, Hard to Update

Norway has terminated its tax treaties with five countries, saying they were outdated.

The treaties were older and rarely used in practice, and updating them would require extensive renegotiations, a finance ministry spokesperson told Bloomberg Tax Monday.

Tax treaties with Sierra Leone, Barbados, Curacao, Jamaica, and Trinidad and Tobago will be terminated Jan. 1, 2024, the finance ministry said last week. The terminations were published via Royal Decree June 9.

• Norway has to keep its tax treaty network updated, especially because of new provisions for tax treaties developed under the OECD/G20 Base Erosion and Profit Shifting Project, the spokesperson said. ...