Information to foreign shareholders in EU/EEA area

Supreme Court clarification on taxes paid contrary to EEA Agreement.

As a result of a the EFTA Court ruling in the Fokus Bank case, the Norwegian tax authorities have opened up for repayment of previous paid withholding tax on dividends from Norwegian companies to shareholders in EU/EEA (and dividends tax on Norwegian shareholders' dividends from EU/EEA companies).

The ruling in the Fokus Bank Case is relevant for withholding tax on dividends from Orkla ASA to shareholders in EU/EEA before the tax reform in effect from 2004 (companies) and 2006 (individuals). Due to a new Supreme Court decision shareholders in EU/EEA may claim a refund of withholding tax possible as far back as 1994.