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By Marianne Brockmann Bugge, Marianne Brockmann Bugge
A recent Supreme Court ruling confirmed the right to deduct input value added tax (VAT) for 'mixed' businesses - that is, businesses with both activities subject to VAT and activities exempt from VAT.
Norwegian partnerships are regarded as transparent entities for tax purposes. Therefore, the income of partnerships is taxed at the hands of the partners regardless of whether the income has been distributed. In order for partnerships established abroad to be treated as transparent entities for Norwegian tax purposes, at least one of the partners (the general partner) must have an unlimited and personal obligation for the partnership's debts, liabilities and obligations.