Article 25: NON-DISCRIMINATION – 1. Nationals of one State Party shall not be subject to a tax or obligation in the other contracting State that is anything else or more burdensome than the imposition and related requirements to which the nationals of that other State are or may be subject in the same circumstances, including with regard to residence. Notwithstanding Article 1, this provision also applies to persons who do not reside in one or both contracting states. 4. Companies of a contracting state whose capital is held, directly or indirectly, by one or more residents of the other contracting state or under the jurisdiction of the contracting state, are not subject, in the first state, to a tax or related requirement that is other or more burdensome than the taxation and related requirements to which other similar enterprises of the first state are or may be subject. c) The protocols of these contracts allow Norway to replace the exemption method with the exchange of diplomatic notes with the credit method, a general method to avoid double taxation. In 1998, diplomatic notes were sent to Australia, Greece, Hungary, India, Luxembourg, the Netherlands, New Zealand, Poland, Romania, the Slovak Republic and Tanzania. This paragraph does not determine the corporation`s taxation on the profits on which the dividends are paid. 2.
The term “revenue debt” used in this article refers to the amount of owed for taxes of any kind and description collected on behalf of the contracting states or their political subdivision or their local authorities, provided that the resulting taxation is not contrary to this agreement or to any other instrument to which the contracting states are parties. , as well as interest, administrative penalties, fines and costs related to the collection or retention of this amount. 2. The competent authority endeavours to resolve the matter by mutual agreement with the competent authority of the other contracting State where the objection appears to be well founded and is unable to find a satisfactory solution to resolve the matter by mutual agreement with the competent authority of the other contracting State, in order to avoid tax evasion that is not in accordance with the agreement. Any agreement reached will be implemented in the domestic law of the States Parties, regardless of the time frame. India and Norway today signed a new double taxation prevention agreement (DBAA), which is expected to pave the way for the exchange of banking information between the two countries for tax administration purposes.