The Norwegian Tax Administration’s Tax Appeals Board issued Decision No. SKNS1-2025-65 on Feb. 5, 2025, ruling that transferring mature energy‑related development projects to separate project companies (SPVs) via asset sales or demergers does not qualify for a VAT exemption because the projects are not standalone, ongoing economic units. The decision confirms the Tax Office’s view and clarifies the VAT treatment for such transfers.
It ruled that such transfers do not qualify for a VAT exemption because the projects are not standalone, ongoing economic units.
The decision was posted online on Feb. 5, 2025.
The Tax Office argued that the projects did not constitute a standalone, ongoing economic unit capable of independent operation, thus not qualifying for exemption.
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