Norway: Proposed amendments to exit tax rules secure sufficient support in Parliament

Proposed amendments would close existing loopholes and enhance tax fairness.

The National Budget 2025 (published on October 7, 2024) includes proposed amendments to the exit tax rules to close existing loopholes and enhance tax fairness.

The proposed changes aim to prevent individuals from leaving Norway without paying taxes on accrued gains, with a new basic allowance of approximately €270,000 for net capital gains upon emigration.
Additional proposals include waiving exit tax upon death, allowing shares as collateral for tax claims, and requiring exit tax to be paid concurrently with dividend distributions.

The government has now secured sufficient support in Parliament for the exit tax rules amendments (pending formal approval), which will be effective from the date of announcement.

Thor Leegaard | thor.leegaard@kpmg.no

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Norway: Proposed amendments to exit tax rules secure sufficient support in Parliament

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