On 19 April 2016, the Norwegian tax authority (Skatteetaten) issued its interpretation on whether the country's tax exemption for dividends and capital gains applies when received from investment funds. In particular, investment funds in Denmark, Germany, Ireland and Sweden.
Under Norway's participation exemption regime, dividends received from EEA countries are 97% exempt (100% if holding more than 90% of the capital) and capital gains from the sale of shares are fully exempt. However, the…