On April 22, 2016 the text of the Memorandum of Understanding between Norway and the Netherlands on the exchange of information in tax matters as concluded between the Competent Authorities of the Netherlands and Norway (Hereafter: the MoU) was published in the Dutch Staatscourant. The MoU was signed on April 6, 2016.

According to the publication the MoU entered into force on April 6, 2015. The MoU will be applicable for the first time to information regarding the calendar year 2014.

According to the MoU the Competent Authorities of the Netherlands and Norway will automatically provide each other with information -if available- about:

·        Immovable property (OECD code 6);

·        Dividends (OECD code 10);

·        Interest (OECD code 11);

·        Income from independent personal services (OECD code 14);

·        Income consisting of salaries, wages and other similar remunerations (OECD codes 15);

·        Directors’ fees (OECD code 16);

·        Income of artists and sportsmen (OECD code 17);

·        Income from pensions, annuities, social security benefits and other similar remunerations (OECD codes 18 and 19);

·        Payments to students for education and training (OECD code 20);

·        Other income (OECD code 21);

·        Changes of tax residency.

The MoU also contains regulations regarding the possibility to have so-called Incidental target group campaigns (Article 4 of the MoU). In this respect it is arranged that the competent authorities can agree by exchange of letters to exchange categories of information, other than the above-mentioned categories, automatically or intensified spontaneously for a certain period.

Furthermore the MoU also contains regulations with respect to the possibility for tax officials of the competent authority of one state to be present on the territory of the other state during certain stages of an investigation that takes place in the other state (Article 5 of the MoU).

Click here to be forwarded to the text of the MoU as available on the website of the Dutch Staatscourant.

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