Tax Agreement Between Norway And Uk

(ii) in the case of Norway, a company that has the authority to enter into pension contracts in accordance with national rules and is under the supervision of the Norwegian Financial Supervisory Authority (Finanstilsynet). Social security agreements have been concluded with Australia, Canada, the European Economic Area, India, the United Kingdom, the United States and other countries. 2. The competent authority endeavours to resolve the matter by mutual agreement with the competent authority of the other State party, by mutual agreement, where the objection appears to be well founded and is not in a position to find a satisfactory solution to resolve the matter in agreement with the competent authority of the other contracting State, in order to avoid tax evasion which is not in accordance with the convention. Any agreement reached will be implemented in the domestic law of the States Parties, regardless of the time frame. When a person is a tax resident in the United Kingdom and also has a tax seat in another jurisdiction, i.e. a « dual resident, » and if the other jurisdiction has a tax agreement with the United Kingdom, the treaty distributes a person`s income tax and profits between the two countries. 4. Profits made by a country of a contracting state from the disposal of ships or aircraft used for transport or personal property related to the operation of those ships or aircraft are taxable only in that contracting state. This paragraph does not apply when these vessels or aircraft are transported exclusively between locations within the other State party.

4. The competent authorities of the contracting states may communicate directly with each other in order to reach an agreement in accordance with the preceding paragraphs. Double taxation agreements (also known as double taxation agreements) are concluded between two countries that define the tax rules for a tax established in both countries. 3. The competent authorities of the contracting states try to resolve by mutual agreement any difficulty or doubt about the interpretation or application of the convention. They can also agree on the elimination of double taxation in cases not provided for by the convention. (e) The Treaty between Norway and China does not apply to Hong Kong and Macau. The Convention also provides for specific provisions to avoid the double taxation of production gains from certain North Sea oil and gas deposits, which extend along the demarcation line between the British and Norwegian continental shelf sectors (Articles 24-27). 1. This Convention does not affect the tax privileges of members of diplomatic or consular missions, in accordance with the general rules of international law or the provisions of specific agreements. 1.

The provisions of this article apply to the Statfjord`s land reservoirs, signed in Article 23 of the agreement between the governments of the two contracting states on the use of the statfjord`s field reservoirs and the release of oil from that agreement, signed in Oslo on 16 October 1979. (h) « international traffic »: any transport by boat or aircraft operated by a contracting state company, unless the vessel or aircraft is operated only between locations in another contracting state; If this proposal is acceptable to the Government of the Kingdom of Norway, I have the honour of proposing that this communication and His Excellency`s response be seen as an agreement between the two governments on this issue, which will come into force at the same time as the convention enters into force.