Update - Tax Treaty between Norway and Romania Signed

On 27 April 2015, officials from Norway and Romania signed a new income tax treaty. Once in force and effective, the new treaty will replace the 1980 income and capital tax treaty between the two countries, which currently applies.

Taxes Covered

The treaty covers Romanian tax on income and tax on profit. It covers the following Norwegian taxes:

• The national tax on income;
• The county municipal tax on income;
• The municipal tax on income;
• The national tax relating to income from the explor…