Norway joins carried interest tax push

The authority has followed its Swedish counterpart in deciding that carried interest should be taxed as standard income rather than capital gains. For Norwegian GPs, this would mean a tax hike from 28% to 48%.

Local press has reported that three Herkules Capital executives have received a demand in the order of NOK 87m. Moreover, the tax authority reportedly plans to extend demands to other local GPs.

The head of the Confederation of Norwegian Enterprise has sent a letter to the Department of Finance, arguing for tax demands to be withdrawn to safeguard foreign investment in Norway.

Roger Schjerva, State secretary at the Department of Finance, has reported that he is to meet with the head of Herkules Capital later this week to discuss the matter further.

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• Topics
• Nordics
• Regulation
• Norway
• tax
• Herkules Capital