Source: https://www.global-regulation.com/translation/norway/5961394/law-amending-the-law-of-26-march-1999-no.-14-relating-to-tax-on-income-and-wealth.html
Timestamp: 2019-04-26 04:30:47+00:00

Document:
Law amending the Law of 26 March 1999 no. 14 relating to tax on wealth and income.
rights under the agreement on individual pension or savings plan under the Tax Act (IPA), when the agreement is entered into before May 12, 2006.
(2) are not deductible under the Tax Act § 4-3 subsection for the value of the obligation to provide annuity mentioned in the first paragraph.
provisions concerning the taxation of annuities in Taxation § 5-41 is not applicable for group annuities in employment established before 2007.
Ministry may issue regulations concerning termination of individual pension agreements under the Tax Act, and that the company must ensure that it issued a confirmation that ensure policyholder accrued rights under the agreement. The regulations may policyholder is given the right to subscribe new agreement without giving new health data, and the size of the fee if such an agreement could be determined. The regulations may also contain provisions regarding repurchase.
Ministry may issue regulations concerning termination of continuation insurance entered into before 1 January 2007. The regulations may also be laid down provisions on the corresponding space for transitional rule to the Tax § 6-47 subsection c.
In addition, a deduction for provisions for jointly share capital by up to 15 percent of income.
Current § 10-50, second sentence becomes the third sentence.
Current § 10-50 first paragraph, third sentence becomes new fourth sentence.
Boligbyggelag covered by the law on building societies may require less provisions for jointly owned capital. Subsection second to fourth sentences apply correspondingly, but so that deductions can be granted in income from trading with members and affiliated cooperatives.
Current § 10-50 fifth paragraph becomes new sixth paragraph.
Amendment under VII shall nevertheless take effect immediately as regards transitional provisions for repeal of the Tax Act § 6-47 first paragraph, c and d.
Changes under X enters into force from the date decided by the King.

References: § 4
 § 5
 § 6
 § 10
 § 10
 § 10
 § 6