In Norway. The RCN will allocate up to NOK 30 million for this joint call, with the intention of splitting the funding equally between projects within petroleum and renewable energy. The Norwegian funding will be distributed through an application type suited for the industrial sector. The call text will contain detailed information about the application type and the requirements for funding. The aid from the RCN will be granted in accordance with Article 25 of the General Block Exemption Regulation (Commission Regulation (EU) No 651/2014), and the projects can thus include activities categorized as "industrial research" and "experimental development". Therefore, the amount of funding from RCN to the Norwegian company/companies will depend on the categorization of activities in the project, as well as the size of the company/companies. Further details will be given in the call text published on the RCN webpage.
In Norway. (i) the national tax on income (inntektsskatt til staten);
(ii) the county municipal tax on income (inntektsskatt til fylkeskommunen);
(iii) the municipal tax on income (inntektsskatt til kommunen);
(iv) the national contributions to the Tax Equalisation Fund (fellesskatt til Skattefordelingsfondet);
(v) the national dues on remuneration to non-resident artistes (avgift til staten av honorarer som tilfaller kunstnere bosatt i utlandet);
(vi) the seamen's tax (sjØmannsskatt); (hereinafter referred to as "Norwegian tax").
In Norway. National income taxes, including tax-equalization dues and special income tax in aid of developing countries;
In Norway in respect of taxes on income or on capital relating to the calendar year (including accounting periods beginning in any such year) next following that in which the Convention enters into force and subsequent years;
In Norway. (a) Where a resident of Norway derives income or owns elements of capital which, in accordance with the provisions of this Agreement, may be taxed in India, Norway shall allow:
(i) as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in India on that income;
(ii) as a deduction from the tax on the capital of that resident, an amount equal to the capital tax paid in India on elements of capital; Such deduction in either case shall not, however, exceed that part of the income tax or capital tax as computed before the deduction is given, which is attributable, as the case may be, to the income or the same elements of capital which may be taxed in India.
(b) Where in accordance with any provision of the Agreement, income derived or capital owned by a resident of Norway is exempt from tax in Norway, Norway may nevertheless include such income or capital in the tax base, but shall allow as a deduction from the Norwegian tax on income or capital that part of the income tax or capital tax, as the case may be, which is attributable to the income derived from India or the capital owned in India.
In Norway. (i) National income taxes, including tax-equalization dues and special income tax in aid of developing countries;
(ii) Municipal income taxes;
(iii) Xxxxxx'x tax; (hereinafter referred to as "Norwegian tax").
In Norway. Subject to the provisions of the laws of Norway regarding the allowance as a credit against Norwegian tax of tax payable in a territory outside Norway (which shall not affect the general principle hereof)-
a. Where a resident of Norway derives income which, in accordance with the provisions of this Convention, may be taxed in Bangladesh, Norway shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Bangladesh on that income; Such deduction shall not, however, exceed that part of the income tax as computed before the deduction in given, which is attributable to the income which may be taxed in Bangladesh.
b. Where in accordance with any provision of the Convention, income derived by a resident of Norway is exempted from tax in Norway, Norway may nevertheless include such income in the tax base, but shall allow as a deduction from the Norwegian tax on income, that part of the income tax which is attributable to the income derived from Bangladesh.
In Norway. − for the taxable years beginning on or after 1st January, 1950.
In Norway. − for the taxable years beginning on or after 1st January in the calendar year next following that in which the notice is given.
In Norway. The project manager must submit progress reports twice a year, in June and December. To qualify for payments from the RCN, one must also submit project financial reports once a year. Details regarding these reports will be defined in the contract if the project is selected for funding.
