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Norway Extends Tonnage Tax System to 2027

|Approved Changes|Norway
Norway

Norway's Ministry of Finance issued a release on 14 December 2017 announcing that the EFTA Surveillance Authority has approved the extension of the country's special tax system for shipping (tonnage tax) through 31 December 2027. Existing regulations will generally be continued, although some changes need to be made, including certain limits on bareboat charters, vessels not registered in an EEA country, and vessels without their own propulsion (barges). The needed legislative changes will b…

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