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The Law On Changes To Tax Legislation, Etc.

Original Language Title: Lov om endringer i skatte- og avgiftslovgivningen mv

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Law of changes in tax and tax laws mv.

Date LO-2004-12-10-77
Ministry of Treasury
Last modified LO-2008-05--09-25
Published In 2004 booklet 14
Istrontrecation 10.12.2004, 01.01.2005, 01.07.2005, 01.08.2005, 01.01.2006, 01.07.2008
Changing LO-1964--06-19-14 , LAW-1999-03-26-14 , LAW-1999-03-26-14 , LO-2000--03-24-16 , LAW-2000-11-24-81
Announcement 10.12.2004
Card title Change law to tax and tax laws mv.

Capital overview :

XIV

In law 26. March 1999 # 14 about taxes of fortune and income (tax law) are made the following changes :---

Section 6-46 new fourth clause should sound :---

0 The change will hardly be put into effect, after law 14 des 2007 107 introduced a liquidate clause as Section 6-46 (5).

XVIII. Istrontrecation

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XIX Overtime rules

At the Commencement of changes under the XIV Section 2-38 applies to the following transition rules :

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At the Commencement of the changes under the XIV Section 10-10 first clause, Section 10-12, Section 10-30, Section 10-31 first and third clause and Section 10-32 other clauses apply to the following transition rules :

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0 Modified by law 14 des 2007 # 109 (f o m revenue year 2005).

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The following transition rule to the same changes takes effect immediately, with effect from 1. January 2005 :

Determining of the stock's screen-based and entry value

(1) The stock screen foundation after Section 10-12 and 10-31, jf. Section 10-32 set to the stock's historic costly price added any RISK amounts from the period of time the shareholder has owned the stock. The stock's entry value should be up-or nedrered with RISK amounts from the period of time the shareholder has owned the stock.
(2)--
(3)--
(4) For stocks of overall negative RISK amounts that exceed the stock's original costly price (negative entrance value), the stock's screen-based body is set to be the stock's negative entry value. It shall not be calculated screen-ing of negative screen basis.
(5) For non-public stock where the entrance value is highly regulated with home in the former corporate tax law 20. July 1991 # 65 Section 10-2 # 4 Other and third joints, the stock's screen foundation is set to the stock's original costly price added any RISK amounts associated with the stock, or to the stock's relationship share of the company's overall tax rate of tax-value pr. 1. January 1992 added any RISK amounts associated with the stock. The judice of the company's formalvalue is being done after the stock's accruing amounts. By realization of non-public stock where the entrance value is highly regulated with home in the former corporate tax law 20. July 1991 # 65 Section 10-2 # 4 else and third joints, the stock's taxable value can be pr. 1. January 1992, or the stock's relationship share of the company's fiscal equity per. 1. January 1992, nonetheless, is used as the entrance value at the benefit calculation.
(6) For the public stock where the entrance value is highly regulated with home in the former corporate tax law 20. July 1991 # 65 Section 10-2 # 2 or 3, set the stock's screen basis to the stock's unregulated value added any RISK amounts associated with the stock, or to the stock's original costly price added any RISK amounts associated with the stock.
(7)--
0 Changed by laws 17 June 2005 # 74 (f o m income year 2005), 14 des 2007 # 109 (f o m income year 2005), 9 May 2008 No. 25 (f o m revenue year 2005).

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by the Commencement of the change under the XIV Section 9-3 sixth clause 1 and Section 14-81 applies to the following transition rules :

a) To Section 9-3 sixth clause :

By realisation in 2005 or later of average farm use or forest use, the tax rate is determined by the starting point in historical costs with the addition of later activated costs and deductions for venture depreciation. The share of costly and additions that after distribution do not fall on depreciation only operating assets or urban houses, are regulated after the price of entry in the ownership time by rules and rates determined by the ministry.

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At the Commencement of the change under the XIV Section 10-34, the following transition rule applies :

(1) Fix of the calculation or registration failure of determining and distribution of change in the company's tax-made capital that takes place from and with 1. January 2006, regulating the stock's entry value with the same time as the originally uncorrect regulatory regulatory amount.
(2)--
0 Modified by laws 9 des 2005 # 116 (f o m income year 2006), 14 des 2007 # 109 (f o m income year 2006).
1 Jf. now Section 9-13.