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Annual Client Fund Statement 2009
This information is reported to the tax authorities. The annual client fund statement is to be used to check and confirm the annual tax return. Errors found in the statement are to be immediately reported to the fund management.
Shareholders of Norwegian funds:
Foreign shareholders:
Dividend from Norwegian funds to personal shareholders not resident in Norway for tax purposes is subject to withholding tax.
As for Norwegian residents, personal shareholders resident in EEA countries are only taxable for the part of the dividend exceeding a risk-free return on the investment. (The Shareholder Model.)
If the taxation subject to Norwegian domestic tax legislation is favourable compared to the withholding tax, these shareholders will benefit from the taxation pursuant to the Shareholder Model and are entitled to apply for a refund of withholding tax.
Foreign corporate shareholders in Norwegian funds are comprised by an exemption method. Corporate shareholders resident for tax purposes in non-EEA countries are nevertheless subject to withholding tax on dividend.