Norway’s Ministry of Finance adopted a regulation listing non-cooperative tax jurisdictions to align with EU and EEA obligations.

Norway’s Ministry of Finance adopted the Regulation on Non-Cooperative Jurisdictions for Tax Purposes, which contains a list of non-cooperative jurisdictions.

The list aligns with the EU Securitisation Regulation (Regulation (Regulation (EU) 2017/2402, as amended by Regulation (EU) 2021/557).

The regulation aims to meet EEA legal obligations by creating a list of non-cooperative jurisdictions, closely aligning with the EU list of non-cooperative jurisdictions for tax purposes.

This requires Norway to establish a national list of non-cooperative jurisdictions for tax purposes, mirroring the EU’s list.

The following states are listed in Annex I and Annex II of non-cooperative jurisdictions for tax purposes.

  • Annex I: American Samoa, Anguilla, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago, U.S. Virgin Islands, and Vanuatu.
  • Annex II: Antigua and Barbuda, Belize, British Virgin Islands, Brunei, Eswatini, Seychelles, Turkey, and Vietnam.

Implications

  • Securitisation Special Purpose Vehicles (SPVs) cannot be established in Annex I jurisdictions.
  • Investors in SPVs in Annex II jurisdictions must meet reporting obligations.

These regulations enter into force on 1 August 2025.