Norway: Public consultation on introduction of list of non-cooperative tax jurisdictions
Comments are due June 13, 2025.
The Ministry of Finance on May 14, 2025, initiated a public consultation on a proposal to introduce a national list of non-cooperative jurisdictions for tax purposes.
The proposal would implement Article 4 of the EU Securitization Regulation, which requires EEA / EFTA States (Iceland, Liechtenstein and Norway) to create national lists reflecting the EU list of non-cooperative jurisdictions.
In line with the EU’s listing exercise, the Norwegian list would have two annexes:
- Annex I for jurisdictions not meeting tax good governance criteria (i.e., tax transparency, fair taxation, and the implementation of OECD anti-BEPS measures)
- Annex II for those that do not comply with all standards but committed to implementing reforms
The proposal includes legal measures such as prohibiting the establishment of special-purpose vehicles (SPVs) in Annex I jurisdictions and requiring notification for investments in Annex II jurisdictions. The list would be updated following EU revisions.
Comments are due June 13, 2025.
Read a June 2025 report prepared by the KPMG’s EU Tax Centre