Insights

Financial Penalties as New Sanction for Breaches of the Alcohol Advertising Ban

Due to a recent amendment of the Norwegian Alcohol Act, the Directorate of Health may since mid-September impose financial penalties for intentional and negligent breaches of certain provisions of the Alcohol Act, including the alcohol advertising ban.

Tax deduction for share contributions in start-up companies - the tax incentive scheme

Personal investors can get a deduction in general income for share contributions. Get an overview of the rules: Personal investors can get a deduction in general income for share contributions of up to NOK 1 million in start-up companies. The deduction is 22% (2024). The right to deduction comes in addition to the fact that the share contribution is part of the entry value of the shares acquired. Strict conditions are set for both the investor and the start-up company for the deduction to be granted. Below is an overview of the rules.

Share-based incentive programs for employees

Small, medium-sized, and listed companies often seek assistance in mapping and implementing various forms of incentive programs for their employees, especially key personnel. Options and other incentive schemes are not a new phenomenon, but it can often be challenging to know which types of incentive schemes the company should choose and how to achieve the goal. There are many pitfalls to watch out for on the way to achieving a good result, both for the rights holder/option holder and the company. We give you an insight into stock options and share-based incentive schemes for employees.

Resource rent tax on land-based wind power

19th of December, the Norwegian Parliament adopted the introduction of respurce rent tax on land-based wind power, with effect from the fiscal year 2024. The final rules have become more favourable than what the Government had first set up.

What happens when you sue an art installation?

A new decision from the Supreme Court of Tasmania draws the line between illegal discrimination and lawful promotion of equal opportunity in the art sector.

Ræder Bing won a new public tender competition from DFØ

Framework agreement up to MNOK 15 regarding GDPR, privacy and security.

Newsletter Budget Bill for 2025

The Government proposes new legislation on supplementary tax

On Friday, November 24, 2023, the Government presented a proposal for the Supplementary Tax Act on undertaxed Income in the Group. The proposal involves implementing the OECD’s Pillar 2 regulations. The bill aims to limit the movement of profits and ensure that large corporations pay at least 15 percent tax. The rules are very complex and will involve extensive reporting obligations. If the proposal is adopted, the rules will apply in Norway already with effect for the 2024 fiscal year.

Still unclear when the new tax treaty with the U.S. will be signed

In a recent written response to a member of the Norwegian Parliament, the Minister of Finance, Trygve Slagsvold Vedum, gave little new updated information. For the businesses with connections to the US and US citizens resident in Norway, there are still much unclarities.

IP Stars – Magnus Ødegaard top ranked in 2024

Partner and lawyer Magnus Ødegaard at Ræder Bing got the award Copyright star 2024 og Trade mark star 2024 for Norway. He got the same award in 2021, 2022 and 2023.