Interups Inc (ITUP)

[snow]

RD
I also read that Norway abolished the gift tax in 2014? This may affect you as well. Because you are not an employee, so the income tax does probably not apply to you. Unless they redefined the "income tax" to include gifts of course. You never know."

I think it is not clear how the verticals will affect any wealth tax in Norway. I hope Laxmi will provide necessary information about net assets or any more relevant valuation at the end of 2023. One possibility is to value the verticals based on what I paid for them. The gift tax was abolished all right. It related to personal gifts as far as I know. I wonder if you refer to death duties in fact. Those were abolished too. Income tax may apply when I get the first dividend and it is regarded as s share and not a token. As I have suggested before: in the latter case a capital income tax may apply. It is only 22% whereas the ordinary income tax is 37.8%.

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