Market Taxation Guide – Investment Funds – Norway
This Market Taxation Guide (Norway) provides the following details:
- Reference information about all taxes applied at source, through CBL and its local depositories, to investment funds deposited in CBL.
New and improved tax information and procedures that become available will be included on an ongoing basis.
Important note:
This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.
CBL does not provide tax relief at source, quick or standard refund services for the Norway Fund market. Customers are advised to consult with their tax advisor for all tax related matters.
Holding Restrictions
Refer to Holding Restrictions – Investment Funds – Norway.
Withholding tax on distributions that are classified as dividends for tax purposes
| Withholding tax rate | Relief at source | Quick refund | Standard refund |
| 25% | Not offered by CBL | Not offered by CBL | Not offered by CBL |
The withholding tax of 25% would apply if Norwegian investment fund units are held via CBL. Customers and/or beneficial owners for tax purposes who qualify for a lower rate may seek a refund directly with the Norwegian Tax Authorities. CBL does not assist in this regard and customers are advised to consult with their own tax advisor for further information.
Capital Gains Tax
No capital gains tax should apply through CBL on investment fund units held in CBL. Capital gains tax may apply in certain circumstances. CBL does not assist in this regard. Customers are advised to consult with their own tax advisor for further information.