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Artigo 30.º — Denúncia

Vigente desde: 12/04/2012
  1. 1 -A presente Convenção permanecerá em vigor por um período de tempo indeterminado, mas qualquer dos Estados Contratantes pode enviar ao outro Estado Contratante um aviso de denúncia, por escrito, por via diplomática, em ou antes de 30 de Junho de qualquer ano civil após decorrido um prazo de cinco anos a contar da data da sua entrada em vigor.
  2. 2 -O disposto na presente Convenção deixará de se aplicar:
    1. a)Em Portugal:
      1. i)Quanto aos impostos devidos na fonte, quando o facto gerador surja em ou depois de 1 de Janeiro do ano civil imediatamente seguinte ao ano especificado no referido aviso de denúncia;
      2. ii)Quanto aos demais impostos, relativamente aos rendimentos produzidos no ano fiscal com início em ou depois de 1 de Janeiro do ano civil imediatamente seguinte ao ano especificado no referido aviso de denúncia;
    2. b)Na Noruega:

      Relativamente aos impostos sobre o rendimento respeitantes ao ano civil (incluindo os exercícios contabilísticos iniciados no ano em causa) imediatamente seguinte à data em que o prazo especificado no referido aviso de denúncia expira.

      Em testemunho do qual, os signatários, devidamente autorizados para o efeito, assinaram a presente Convenção.

      Feito em Lisboa, aos 10 dias do mês de Março de 2011, em duplicado, nas línguas portuguesa, norueguesa e inglesa, sendo todos os textos igualmente válidos. Em caso de divergência de interpretação do texto da presente Convenção, o texto inglês prevalecerá.

      Pela República Portuguesa:

      Sérgio Vasques, Secretário de Estado dos Assuntos Fiscais.

      Pelo Reino da Noruega:

      Inga Magistad, Embaixadora da Noruega em Lisboa.

      PROTOCOLO

      No momento da assinatura da Convenção entre a República Portuguesa e o Reino da Noruega para Evitar a Dupla Tributação e Prevenir a Evasão Fiscal em Matéria de Impostos sobre o Rendimento, ambas as Partes acordaram nas disposições seguintes, que fazem parte integrante da Convenção:

  3. 1 -Ad artigo 2.º, n.º 3, alínea b) (vi)

    Entende-se que o imposto norueguês sobre a remuneração de artistas não residentes só é aplicável às pessoas abrangidas pelo disposto no artigo 17.º

  4. 2 -Ad artigo 6.º

    As disposições do presente artigo aplicam-se igualmente aos rendimentos derivados dos bens mobiliários, ou aos rendimentos auferidos de serviços conexos com o uso ou a concessão do uso de bens imobiliários, que, de acordo com o direito fiscal do Estado Contratante em que tais bens estiverem situados, sejam assimilados aos rendimentos derivados dos bens imobiliários.

  5. 3 -Ad artigo 10.º, n.º 2, alínea a) e artigo 11.º, n.º 3

    Entende-se que para efeitos da alínea a) do n.º 2 do artigo 10.º e do n.º 3 do artigo 11.º:

    1. a)No caso de Portugal, a expressão «o Estado, uma sua subdivisão política ou administrativa ou autarquia local» inclui os «fundos de capitalização administrados por entidades públicas»; e
    2. b)No caso da Noruega, a expressão «o Governo da Noruega» inclui o Fundo de Pensões do Governo.
  6. 4 -Ad artigo 13.º, n.º 3

    Entende-se que o disposto no n.º 3 do artigo 13.º será aplicável independentemente de os navios ou as aeronaves serem explorados ou não por um residente de um dos Estados Contratantes.

  7. 5 -Ad artigo 16.º

    Entende-se que, no caso de Portugal, a expressão «outro órgão similar de uma sociedade» inclui o conselho fiscal.

  8. 6 -Ad artigo 24.º
    1. a)Relativamente ao artigo 24.º, entende-se que as disposições da presente Convenção não são impeditivas da aplicação por um Estado Contratante das respectivas normas internas em matéria de subcapitalização ou de endividamento excessivo.
    2. b)O disposto no artigo 24.º será interpretado no sentido de que cada Estado Contratante pode aplicar os respectivos procedimentos internos no que respeita ao ónus da prova, relativamente à dedutibilidade das despesas suportadas.

      Em testemunho do qual, os signatários, devidamente autorizados para o efeito, assinaram o presente Protocolo.

      Feito em Lisboa, aos 10 dias do mês de Março de 2011, em duplicado, nas línguas portuguesa, norueguesa e inglesa, sendo todos os textos igualmente válidos. Em caso de divergência de interpretação do texto do presente Protocolo, o texto inglês prevalecerá.

      Pela República Portuguesa:

      Sérgio Vasques, Secretário de Estado dos Assuntos Fiscais.

      Pelo Reino da Noruega:

      Inga Magistad, Embaixadora da Noruega em Lisboa.

      (ver documento original)

      CONVENTION BETWEEN THE PORTUGUESE REPUBLIC AND THE KINGDOM OF NORWAY FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME.

      The Portuguese Republic and the Kingdom of Norway, desiring to conclude a Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, have agreed as follows:

      CHAPTER I

      Scope of the convention

      Article 1

      Persons covered

      This Convention shall apply to persons who are residents of one or both of the Contracting States.

      Article 2

      Taxes covered

  9. 1 -This Convention shall apply to taxes on income imposed on behalf of a Contracting State or of its political or administrative subdivisions or local authorities, irrespective of the manner in which they are levied.
  10. 2 -There shall be regarded as taxes on income all taxes imposed on total income, or on elements of income, including taxes on gains from the alienation of movable or immovable property, taxes on the total amounts of wages or salaries paid by enterprises, as well as taxes on capital appreciation.
  11. 3 -The existing taxes to which this Convention shall apply are in particular:
    1. a)in the case of Portugal:

      (i) the personal income tax (imposto sobre o rendimento das pessoas singulares - IRS);

      (ii) the corporate income tax (imposto sobre o rendimento das pessoas colectivas - IRC); and

      (iii) the local surtax on corporate income tax (derrama);

      (hereinafter referred to as «Portuguese tax»);

    2. b)in the case of Norway:

      (i) the tax on general income;

      (ii) the tax on personal income;

      (iii) the special tax on petroleum income;

      (iv) the resource rent tax on income from production of hydroelectric power;

      (v) the withholding tax on dividends; and

      (vi) the tax on remuneration to non-resident artistes;

      (hereinafter referred to as «Norwegian tax»).

  12. 4 -The Convention shall apply also to any identical or substantially similar taxes that are imposed after the date of signature of the Convention in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in their taxation laws.

    CHAPTER II

    Definitions

    Article 3

    General definitions

  13. 1 -For the purposes of this Convention, unless the context otherwise requires:
    1. a)the term «Portugal» means the territory of the Portuguese Republic situated in the European Continent, the archipelagos of Azores and Madeira, including the territorial sea and inland waters thereof as well as the continental shelf and any other area wherein the Portuguese State exercises sovereign rights or jurisdiction in accordance with the international law;
    2. b)the term «Norway» means the Kingdom of Norway, including any area outside the territorial waters of the Kingdom of Norway where the Kingdom of Norway, according to Norwegian legislation and in accordance with international law, may exercise her rights with respect to the seabed and subsoil and their natural resources; the term does not comprise Svalbard, Jan Mayen and the Norwegian dependencies («biland»);
    3. c)the terms «a Contracting State» and «the other Contracting State» mean the Portuguese Republic or the Kingdom of Norway, as the context requires;
    4. d)the term «tax» means Portuguese tax or Norwegian tax, as the context requires;
    5. e)the term «person» includes an individual, a company and any other body of persons;
    6. f)the term «company» means any body corporate or any entity that treated as a body corporate for tax purposes;
    7. g)the terms «enterprise of a Contracting State» and «enterprise of the other Contracting State» mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State;
    8. h)the term «national», in relation to a Contracting State, means:

      (i) any individual possessing the nationality of that Contracting State; and

      (ii) any legal person, partnership or association deriving its status as such from the laws in force in that Contracting State;

    9. i)the term «international traffic» means any transport by a ship or aircraft operated by an enterprise of a Contracting State, except when the ship or aircraft is operated solely between places in the other Contracting State;
    10. j)the term «competent authority» means:

      (i) in the case of Portugal, the Minister of Finance, the Director-General of Taxation (Director-Geral dos Impostos) or their authorized representative;

      (ii) in the case of Norway, the Minister of Finance or the Minister's authorized representative.

  14. 2 -As regards the application of the Convention at any time by a Contracting State, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the law of that State for the purposes of the taxes to which the Convention applies, any meaning under the applicable tax laws of that State prevailing over a meaning given to the term under other laws of that State.

    Article 4

    Resident

  15. 1 -For the purposes of this Convention, the term «resident of a Contracting State» means any person who, under the laws of that State, is liable to tax therein by reason of his domicile, residence, place of management or any other criterion of a similar nature and also includes that State and any political or administrative subdivision or local authority thereof. This term, however, does not include any person who is liable to tax in that State in respect only of income from sources in that State.
  16. 2 -Where by reason of the provisions of paragraph 1 an individual is a resident of both Contracting States, then his status shall be determined as follows:
    1. a)he shall be deemed to be a resident only of the State in which he has a permanent home available to him; if he has a permanent home available to him in both States, he shall be deemed to be a resident only of the State with which his personal and economic relations are closer (centre of vital interests);
    2. b)if the State in which he has his centre of vital interests cannot be determined, or if he has not a permanent home available to him in either State, he shall be deemed to be a resident only of the State in which he has an habitual abode;
    3. c)if he has an habitual abode in both States or in neither of them, he shall be deemed to be a resident only of the State of which he is a national;
    4. d)if he is a national of both States or of neither of them, the competent authorities of the Contracting States shall settle the question by mutual agreement.
  17. 3 -Where by reason of the provisions of paragraph 1 a person other than an individual is a resident of both Contracting States, then it shall be deemed to be a resident only of the State in which its place of effective management is situated.

    Article 5

    Permanent establishment

  18. 1 -For the purposes of this Convention, the term «permanent establishment» means a fixed place of business through which the business of an enterprise is wholly or partly carried on.
  19. 2 -The term «permanent establishment» includes especially:
    1. a)a place of management;
    2. b)a branch;
    3. c)an office;
    4. d)a factory;
    5. e)a workshop; and
    6. f)a mine, an oil or gas well, a quarry or any other place of extraction of natural resources.
  20. 3 -A building site, a construction, assembly or installation project or a supervisory or consultancy activity connected therewith constitutes a permanent establishment only if such site, project or activity lasts more than six months.
  21. 4 -Notwithstanding the provisions of paragraphs 1, 2 and 3, where an enterprise of a Contracting State performs services in the other Contracting State
    1. a)through an individual who is present in that other State for a period or periods exceeding in the aggregate 183 days in any twelve month period, and more than 50 per cent of the gross revenues attributable to active business activities of the enterprise during this period or periods are derived from the services performed in that other State through that individual; or
    2. b)for a period or periods exceeding in the aggregate 183 days in any twelve month period, and these services are performed for the same project or for connected projects through one or more individuals who are present in that other State

    the activities carried on in that other State in performing these services shall be deemed to be carried on through a permanent establishment of the enterprise situated in that other State, unless these services are limited to those mentioned in paragraph 5 which, if performed through a fixed place of business, would not make this fixed place of business a permanent establishment under the provisions of that paragraph. For the purposes of this paragraph, services performed by an individual on behalf of one enterprise shall not be considered to be performed by another enterprise through that individual unless that other enterprise supervises, directs or controls the manner in which these services are performed by the individual.

  22. 5 -Notwithstanding the preceding provisions of this Article, the term «permanent establishment» shall be deemed not to include:
    1. a)the use of facilities solely for the purpose of storage or display of goods or merchandise belonging to the enterprise;
    2. b)the maintenance of a stock of goods or merchandise belonging to the enterprise solely for the purpose of storage or display;
    3. c)the maintenance of a stock of goods or merchandise belonging to the enterprise solely for the purpose of processing by another enterprise;
    4. d)the maintenance of a fixed place of business solely for the purpose of purchasing goods or merchandise or of collecting information, for the enterprise;
    5. e)the maintenance of a fixed place of business solely for the purpose of carrying on, for the enterprise, any other activity of a preparatory or auxiliary character;
    6. f)the maintenance of a fixed place of business solely for any combination of activities mentioned in subparagraphs a) to e), provided that the overall activity of the fixed place of business resulting from this combination is of a preparatory or auxiliary character.
  23. 6 -Notwithstanding the provisions of paragraphs 1, 2 and 4, where a person - other than an agent of an independent status to whom paragraph 7 applies - is acting on behalf of an enterprise and has, and habitually exercises, in a Contracting State an authority to conclude contracts in the name of the enterprise, that enterprise shall be deemed to have a permanent establishment in that State in respect of any activities which that person undertakes for the enterprise, unless the activities of such person are limited to those mentioned in paragraph 5 which, if exercised through a fixed place of business, would not make this fixed place of business a permanent establishment under the provisions of that paragraph.
  24. 7 -An enterprise shall not be deemed to have a permanent establishment in a Contracting State merely because it carries on business in that State through a broker, general commission agent or any other agent of an independent status, provided that such persons are acting in the ordinary course of their business.
  25. 8 -The fact that a company which is a resident of a Contracting State controls or is controlled by a company which is a resident of the other Contracting State, or which carries on business in that other State (whether through a permanent establishment or otherwise), shall not of itself constitute either company a permanent establishment of the other.

    CHAPTER III

    Taxation of income

    Article 6

    Income from immovable property

  26. 1 -Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may be taxed in that other State.
  27. 2 -The term «immovable property» shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property (including livestock and equipment used in agriculture or forestry), rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships and aircraft shall not be regarded as immovable property.
  28. 3 -The provisions of paragraph 1 shall apply to income derived from the direct use, letting, or use in any other form of immovable property.
  29. 4 -The provisions of paragraphs 1 and 3 shall also apply to income from immovable property of an enterprise and to income from immovable property used for the performance of independent personal services.

    Article 7

    Business profits

  30. 1 -The profits of an enterprise of a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting State through a permanent establishment situated therein. If the enterprise carries on business as aforesaid, the profits of the enterprise may be taxed in the other State but only so much of them as is attributable to that permanent establishment.
  31. 2 -Subject to the provisions of paragraph 3, where an enterprise of a Contracting State carries on business in the other Contracting State through a permanent establishment situated therein, there shall in each Contracting State be attributed to that permanent establishment the profits which it might be expected to make if it were a distinct and separate enterprise engaged in the same or similar activities under the same or similar conditions and dealing wholly independently with the enterprise of which it is a permanent establishment.
  32. 3 -In determining the profits of a permanent establishment, there shall be allowed as deductions expenses which are incurred for the purposes of the permanent establishment, including executive and general administrative expenses so incurred, whether in the State in which the permanent establishment is situated or elsewhere.
  33. 4 -No profits shall be attributed to a permanent establishment by reason of the mere purchase by that permanent establishment of goods or merchandise for the enterprise.
  34. 5 -For the purposes of the preceding paragraphs, the profits to be attributed to the permanent establishment shall be determined by the same method year by year unless there is good and sufficient reason to the contrary.
  35. 6 -Where profits include items of income which are dealt with separately in other Articles of this Convention, then the provisions of those Articles shall not be affected by the provisions of this Article.

    Article 8

    Shipping and air transport

  36. 1 -Profits from the operation of ships or aircraft in international traffic carried on by an enterprise of a Contracting State shall be taxable only in that Contracting State.
  37. 2 -The provisions of paragraph 1 shall also apply to profits from the participation in a pool, a joint business or an international operating agency.
  38. 3 -Whenever companies from different countries have agreed to carry on air transportation business together in the form of a consortium or a similar form of association, the provisions of paragraphs 1 and 2 shall apply only to such part of the profits of the consortium or association as corresponds to the participation held in that consortium or association by a company that is a resident of a Contracting State.

    Article 9

    Associated enterprises

  39. 1 -Where:
    1. a)an enterprise of a Contracting State participates directly or indirectly in the management, control or capital of an enterprise of the other Contracting State; or
    2. b)the same persons participate directly or indirectly in the management, control or capital of an enterprise of a Contracting State and an enterprise of the other Contracting State,

    and in either case conditions are made or imposed between the two enterprises in their commercial or financial relations which differ from those which would be made between independent enterprises, then any profits which would, but for those conditions, have accrued to one of the enterprises, but, by reason of those conditions, have not so accrued, may be included in the profits of that enterprise and taxed accordingly.

  40. 2 -Where a Contracting State includes in the profits of an enterprise of that State - and taxes accordingly - profits on which an enterprise of the other Contracting State has been charged to tax in that other State and the profits so included are profits which would have accrued to the enterprise of the first-mentioned State if the conditions made between the two enterprises had been those which would have been made between independent enterprises, then that other State, if it agrees that the adjustment made by the first-mentioned State is justified both in principle and as regards the amount, shall make an appropriate adjustment to the amount of the tax charged therein on those profits. In determining such adjustment, due regard shall be had to the other provisions of this Convention and the competent authorities of the Contracting States shall if necessary consult each other.

    Article 10

    Dividends

  41. 1 -Dividends paid by a company which is a resident of a Contracting State to a resident of the other Contracting State may be taxed in that other State.
  42. 2 -However, such dividends may also be taxed in the Contracting State of which the company paying the dividends is a resident and according to the laws of that State, but if the beneficial owner of the dividends is a resident of the other Contracting State, the tax so charged shall not exceed:
    1. a)5 per cent of the gross amount of the dividends if the beneficial owner is a company (other than a partnership) that for an uninterrupted period of at least twelve months prior to the payment of the dividends or if the company paying the dividends has existed for less than twelve months, during the lifetime of the company, holds directly at least 10 per cent of the capital of the company paying the dividends, or if the beneficial owner of the dividends is:

      (i) in the case of Portugal, the State, a political or administrative subdivision or a local authority thereof, or the Central Bank of Portugal; and,

      (ii) in the case of Norway, the Government of Norway, a political or administrative subdivision or a local authority thereof, or the Central Bank of Norway;

    2. b)15 per cent of the gross amount of the dividends in all other cases.

      The competent authorities of the Contracting States shall by mutual agreement settle the mode of application of these limitations.

      This paragraph shall not affect the taxation of the company in respect of the profits out of which the dividends are paid.

  43. 3 -The term «dividends» as used in this Article means income from shares or other rights, not being debt-claims, participating in profits, as well as income from other corporate rights that is subjected to the same taxation treatment as income from shares by the laws of the State of which the company making the distribution is a resident, and income from arrangements carrying the right to participate in profits to the extent so characterized under the laws of the Contracting State in which the income arises.
  44. 4 -The provisions of paragraphs 1 and 2 shall not apply if the beneficial owner of the dividends, being a resident of a Contracting State, carries on business in the other Contracting State of which the company paying the dividends is a resident, through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the holding in respect of which the dividends are paid is effectively connected with such permanent establishment or fixed base. In such case, the provisions of Article 7 or Article 14, as the case may be, shall apply.
  45. 5 -Where a company which is a resident of a Contracting State derives profits or income from the other Contracting State, that other State may not impose any tax on the dividends paid by the company, except insofar as such dividends are paid to a resident of that other State or insofar as the holding in respect of which the dividends are paid is effectively connected with a permanent establishment or a fixed base situated in that other State, nor subject the company's undistributed profits to a tax on the company's undistributed profits, even if the dividends paid or the undistributed profits consist wholly or partly of profits or income arising in such other State.

    Article 11

    Interest

  46. 1 -Interest arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.
  47. 2 -However, such interest may also be taxed in the Contracting State in which it arises and according to the laws of that State, but if the beneficial owner of the interest is a resident of the other Contracting State, the tax so charged shall not exceed 10 per cent of the gross amount of the interest.

    The competent authorities of the Contracting States shall by mutual agreement settle the mode of application of this limitation.

  48. 3 -Notwithstanding the provisions of paragraph 2, interest referred to in paragraph 1 shall be taxable only in the Contracting State of which the recipient is a resident, if the recipient is the beneficial owner of the interest, and if such interest is paid to:
    1. a)in the case of Portugal, the State, a political or administrative subdivision or a local authority thereof, or the Central Bank of Portugal; and
    2. b)in the case of Norway, the Government of Norway, a political or administrative subdivision or a local authority thereof, or the Central Bank of Norway.
  49. 4 -The term «interest» as used in this Article means income from debt-claims of every kind, whether or not secured by mortgage, and in particular, income from government securities and income from bonds or debentures, including premiums and prizes attaching to such securities, bonds or debentures. Penalty charges for late payment shall not be regarded as interest for the purpose of this Article.

    The term «interest» also means income which in accordance with the tax law of the State of which the payer is a resident is treated as income from a debt-claim.

  50. 5 -The provisions of paragraphs 1, 2 and 3 shall not apply if the beneficial owner of the interest, being a resident of a Contracting State, carries on business in the other Contracting State in which the interest arises, through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the debt-claim in respect of which the interest is paid is effectively connected with such permanent establishment or fixed base. In such case, the provisions of Article 7 or Article 14, as the case may be, shall apply.
  51. 6 -Interest shall be deemed to arise in a Contracting State when the payer is a resident of that State. Where, however, the person paying the interest, whether he is a resident of a Contracting State or not, has in a Contracting State a permanent establishment or a fixed base in connection with which the indebtedness on which the interest is paid was incurred, and such interest is borne by such permanent establishment or fixed base, then such interest shall be deemed to arise in the State in which the permanent establishment or fixed base is situated.
  52. 7 -Where, by reason of a special relationship between the payer and the beneficial owner or between both of them and some other person, the amount of the interest, having regard to the debt-claim for which it is paid, exceeds the amount which would have been agreed upon by the payer and the beneficial owner in the absence of such relationship, the provisions of this Article shall apply only to the last-mentioned amount. In such case, the excess part of the payments shall remain taxable according to the laws of each Contracting State, due regard being had to the other provisions of this Convention.

    Article 12

    Royalties

  53. 1 -Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.
  54. 2 -However, such royalties may also be taxed in the Contracting State in which they arise, and according to the laws of that State, but if the beneficial owner of the royalties is a resident of the other Contracting State, the tax so charged shall not exceed 10 per cent of the gross amount of the royalties.

    The competent authorities of the Contracting States shall by mutual agreement settle the mode of application of this limitation.

  55. 3 -The term «royalties», as used in this Article, means payments of any kind received as a consideration for the use of, or the right to use, any copyright of literary, artistic or scientific work, including cinematograph films and films or tapes for radio or television broadcasting, any patent, trade mark, design or model, plan, secret formula or process, or for information concerning industrial, commercial or scientific experience.

    The term «royalties» also comprises payments received as a consideration for technical assistance in connection with the use or the right to use any copyright, goods or information to which this paragraph applies.

  56. 4 -The provisions of paragraphs 1 and 2 shall not apply if the beneficial owner of the royalties, being a resident of a Contracting State, carries on business in the other Contracting State in which the royalties arise, through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the right or property in respect of which the royalties are paid is effectively connected with such permanent establishment or fixed base. In such case, the provisions of Article 7 or Article 14, as the case may be, shall apply.
  57. 5 -Royalties shall be deemed to arise in a Contracting State when the payer is a resident of that State. Where, however, the person paying the royalties, whether he is a resident of a Contracting State or not, has in a Contracting State a permanent establishment or a fixed base in connection with which the liability to pay the royalties was incurred, and such royalties are borne by such permanent establishment or fixed base, then such royalties shall be deemed to arise in the State in which the permanent establishment or fixed base is situated.
  58. 6 -Where, by reason of a special relationship between the payer and the beneficial owner or between both of them and some other person, the amount of the royalties, having regard to the use, right or information for which they are paid, exceeds the amount which would have been agreed upon by the payer and the beneficial owner in the absence of such relationship, the provisions of this Article shall apply only to the last-mentioned amount. In such case, the excess part of the payments shall remain taxable according to the laws of each Contracting State, due regard being had to the other provisions of this Convention.

    Article 13

    Capital gains

  59. 1 -Gains derived by a resident of a Contracting State from the alienation of immovable property referred to in Article 6 and situated in the other Contracting State may be taxed in that other State.
  60. 2 -Gains from the alienation of movable property forming part of the business property of a permanent establishment which an enterprise of a Contracting State has in the other Contracting State or of movable property pertaining to a fixed base available to a resident of a Contracting State in the other Contracting State for the purpose of performing independent personal services, including such gains from the alienation of such a permanent establishment (alone or with the whole enterprise) or of such fixed base, may be taxed in that other State.
  61. 3 -Gains from the alienation of ships or aircraft operated in international traffic or movable property pertaining to the operation of such ships or aircraft, shall be taxable only in the Contracting State of which the enterprise is a resident.
  62. 4 -Gains derived by a resident of a Contracting State from the alienation of shares or of a comparable interest deriving more than 50 percent of their value directly or indirectly from immovable property situated in the other Contracting State may be taxed in that other State.
  63. 5 -Gains from the alienation of any property other than that referred to in paragraphs 1, 2, 3 and 4, shall be taxable only in the Contracting State of which the alienator is a resident.

    Article 14

    Independent personal services

  64. 1 -Income derived by an individual who is a resident of a Contracting State in respect of professional services or other activities of an independent character shall be taxable only in that State. However, in the following circumstances such income may be taxed in the other Contracting State:
    1. a)if the individual has a fixed base regularly available in the other Contracting State for the purpose of performing activities, but only so much of the income as is attributable to that fixed base; or
    2. b)if the individual is present in the other Contracting State for a period or periods exceeding in the aggregate 183 days in any period of twelve months commencing or ending in the fiscal year concerned, but only so much of the income as is attributable to services performed in that other State.
  65. 2 -The term «professional services» includes especially independent scientific, literary, artistic, educational or teaching activities as well as the independent activities of physicians, lawyers, engineers, architects, dentists and accountants.

    Article 15

    Dependent personal services

  66. 1 -Subject to the provisions of Articles 16, 18, 19 and 20, salaries, wages and other similar remuneration derived by a resident of a Contracting State in respect of an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State.
  67. 2 -Notwithstanding the provisions of paragraph 1, remuneration derived by a resident of a Contracting State in respect of an employment exercised in the other Contracting State shall be taxable only in the first-mentioned State if:
    1. a)the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days in any twelve month period commencing or ending in the fiscal year concerned; and
    2. b)the remuneration is paid by, or on behalf of, an employer who is a resident of the State of which the recipient is a resident, and whose activity does not consist of the hiring out of labour; and
    3. c)the remuneration is not borne by a permanent establishment or a fixed base which the employer has in the other State.
  68. 3 -Notwithstanding the preceding provisions of this Article, remuneration in respect of an employment exercised aboard a ship or aircraft operated in international traffic by an enterprise of a Contracting State, may be taxed in that State.
  69. 4 -Where a resident of a Contracting State derives remuneration in respect of an employment exercised aboard an aircraft operated in international traffic by an air transport consortium or similar form of association formed by companies from different countries including a company that is a resident of that State, such remuneration shall be taxable only in that State.

    Article 16

    Directors' fees

    Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors or of a similar organ of a company which is a resident of the other Contracting State may be taxed in that other State.

    Article 17

    Artistes and sportsmen

  70. 1 -Notwithstanding the provisions of Articles 14 and 15, income derived by a resident of a Contracting State as an entertainer, such as a theatre, motion picture, radio or television artiste, or a musician, or as a sportsman from his personal activities as such exercised in the other Contracting State, may be taxed in that other State.
  71. 2 -Where income in respect of personal activities exercised by an entertainer or a sportsman in his capacity as such accrues not to the entertainer or sportsman himself but to another person, that income may, notwithstanding the provisions of Articles 7, 14 and 15, be taxed in the Contracting State in which the activities of the entertainer or sportsman are exercised.
  72. 3 -The provisions of paragraphs 1 and 2 shall not apply to income derived from activities performed in a Contracting State by entertainers or sportsmen if the visit to that State is substantially supported by public funds of the other Contracting State or a political or administrative subdivision or a local authority thereof. In such a case the income shall be taxable only in the State of which the entertainer or sportsman is a resident.

    Article 18

    Pensions

    Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State.

    Article 19

    Government service

  73. 1 -a) Salaries, wages and other similar remuneration paid by a Contracting State or a political or administrative subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State.
    1. b)However, such salaries, wages and other similar remuneration shall be taxable only in the other Contracting State if the services are rendered in that State and the individual is a resident of that State who:

      (i) is a national of that State; or

      (ii) did not become a resident of that State solely for the purpose of rendering the services.

  74. 2 -a) Notwithstanding the provisions of paragraph 1, pensions and other similar remuneration paid by, or out of funds created by, a Contracting State or a political or administrative subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State.
    1. b)However, such pensions and other similar remuneration shall be taxable only in the other Contracting State if the individual is a resident of, and a national of, that State.
  75. 3 -The provisions of Articles 15, 16, 17, and 18 shall apply to salaries, wages, pensions, and other similar remuneration in respect of services rendered in connection with a business carried on by a Contracting State or a political or administrative subdivision or a local authority thereof.

    Article 20

    Students

    Payments which a student or business apprentice who is or was immediately before visiting a Contracting State a resident of the other Contracting State and who is present in the first-mentioned State solely for the purpose of his education or training receives for the purpose of his maintenance, education or training shall not be taxed in that State, provided that such payments arise from sources outside that State.

    Article 21

    Offshore activities

  76. 1 -The provisions of this Article shall apply notwithstanding any other provision of this Convention.
  77. 2 -A person who is a resident of a Contracting State and carries on activities offshore in the other Contracting State in connection with the exploration or exploitation of the seabed and subsoil and their natural resources situated in that other State shall, subject to paragraphs 3 and 4 of this Article, be deemed in relation to those activities to be carrying on business in that other State through a permanent establishment or fixed base situated therein.
  78. 3 -The provisions of paragraph 2 and subparagraph b) of paragraph 6 shall not apply where the activities are carried on for a period not exceeding 30 days in the aggregate in any twelve months period commencing or ending in the fiscal year concerned. However, for the purposes of this paragraph:
    1. a)Where an enterprise of a Contracting State carrying on offshore activities in the other Contracting State is associated with another enterprise carrying on substantially similar offshore activities there, the former enterprise shall be deemed to be carrying on all such activities of the latter enterprise, with the exception of activities which are carried on at the same time as its own activities;
    2. b)An enterprise shall be regarded as associated with another enterprise if one participates directly or indirectly in the management, control or capital of the other or if the same person or persons participate directly or indirectly in the management, control or capital of both enterprises.
  79. 4 -Profits derived by a resident of a Contracting State from the transportation of supplies or personnel to a location, or between locations, where activities in connection with the exploration or exploitation of the seabed and subsoil and their natural resources are being carried on in a Contracting State, or from the operation of tugboats and other vessels auxiliary to such activities, shall be taxable only in the Contracting State of which the enterprise is a resident.
  80. 5 -a) Subject to subparagraph b) of this paragraph, salaries, wages and similar remuneration derived by a resident of a Contracting State in respect of an employment connected with the exploration or exploitation of the seabed and subsoil and their natural resources situated in the other Contracting State may, to the extent that the duties are performed offshore in that other State, be taxed in that other State. However, such remuneration shall be taxable only in the first-mentioned State if the employment is carried on offshore for an employer who is not a resident of the other State and for a period or periods not exceeding in the aggregate 30 days in any twelve-month period.
    1. b)Salaries, wages and similar remuneration derived by a resident of a Contracting State in respect of an employment exercised aboard a ship or aircraft engaged in the transportation of supplies or personnel to a location, or between locations, where activities connected with the exploration or exploitation of the seabed and subsoil and their natural resources are being carried on in the other Contracting State, or in respect of an employment exercised aboard tugboats or other vessels operated auxiliary to such activities, may be taxed in the Contracting State of which the enterprise carrying on such activities is a resident.
  81. 6 -Gains derived by a resident of a Contracting State from the alienation of:
    1. a)Exploration or exploitation rights; or
    2. b)Property situated in the other Contracting State and used in connection with the exploration or exploitation of the seabed and subsoil and their natural resources situated in that other State; or
    3. c)Shares deriving their value or the greater part of their value directly or indirectly from such rights or such property or from such rights and such property taken together;

    may be taxed in that other State.

    In this paragraph «exploration or exploitation rights» means rights to assets to be produced by the exploration or exploitation of the seabed and subsoil and their natural resources in the other Contracting State, including rights to interests in or to the benefit of such assets.

    Article 22

    Other income

  82. 1 -Items of income of a resident of a Contracting State, wherever arising, not dealt with in the foregoing Articles of this Convention shall be taxable only in that State.
  83. 2 -The provisions of paragraph 1 shall not apply to income, other than income from immovable property as defined in paragraph 2 of Article 6, if the recipient of such income, being a resident of a Contracting State, carries on business in the other Contracting State through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the right or property in respect of which the income is paid is effectively connected with such permanent establishment or fixed base. In such case the provisions of Article 7 or Article 14, as the case may be, shall apply.
  84. 3 -Notwithstanding the preceding provisions of this Article, items of income of a resident of a Contracting State not dealt with in the foregoing Articles of this Convention and arising in the other Contracting State may also be taxed in that other State.

    CHAPTER IV

    Methods for elimination of double taxation

    Article 23

    Methods for elimination of double taxation

  85. 1 -In the case of a resident of Portugal, double taxation shall be avoided as follows:
    1. a)Where a resident of Portugal derives income which, in accordance with the provisions of this Convention, may be taxed in Norway, Portugal shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Norway; such deduction shall not, however, exceed that part of the income tax as computed before the deduction is given, which is attributable to the income which may be taxed in Norway; and
    2. b)Where in accordance with any provision of this Convention income derived by a resident of Portugal is exempt from tax in Portugal, Portugal may nevertheless, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income.
  86. 2 -Subject to the provisions of the laws of Norway regarding the allowance as a credit against Norwegian tax of tax payable in a territory outside Norway (which shall not affect the general principle hereof):
    1. a)Where a resident of Norway derives income which, in accordance with the provisions of this Convention, may be taxed in Portugal, Norway shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Portugal; such deduction shall not, however, exceed that part of the income tax, as computed before the deduction is given, which is attributable to the income which may be taxed in Portugal; and
    2. b)Where in accordance with any provision of this Convention income derived by a resident of Norway is exempt from tax in Norway, Norway may nevertheless, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income.

      CHAPTER V

      Special provisions

      Article 24

      Non-discrimination

  87. 1 -Nationals of a Contracting State shall not be subjected in the other Contracting State to any taxation or any requirement connected therewith, which is other or more burdensome than the taxation and connected requirements to which nationals of that other State in the same circumstances, in particular with respect to residence, are or may be subjected. This provision shall, notwithstanding the provisions of Article 1, also apply to persons who are not residents of one or both of the Contracting States.
  88. 2 -Stateless persons who are residents of a Contracting State shall not be subjected in either Contracting State to any taxation or any requirement connected therewith, which is other or more burdensome than the taxation and connected requirements to which nationals of the State concerned in the same circumstances are or may be subjected.
  89. 3 -The taxation on a permanent establishment which an enterprise of a Contracting State has in the other Contracting State shall not be less favourably levied in that other State than the taxation levied on enterprises of that other State carrying on the same activities. This provision shall not be construed as obliging a Contracting State to grant to residents of the other Contracting State any personal allowances, reliefs and reductions for taxation purposes on account of civil status or family responsibilities which it grants to its own residents.
  90. 4 -Except where the provisions of paragraph 1 of Article 9, paragraph 7 of Article 11, or paragraph 6 of Article 12, apply, interest, royalties and other disbursements paid by an enterprise of a Contracting State to a resident of the other Contracting State shall, for the purpose of determining the taxable profits of such enterprise, be deductible under the same conditions as if they had been paid to a resident of the first-mentioned State.
  91. 5 -Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting State, shall not be subjected in the first-mentioned State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first-mentioned State are or may be subjected.
  92. 6 -The provisions of this Article shall, notwithstanding the provisions of Article 2, apply to taxes of every kind and description.

    Article 25

    Mutual agreement procedure

  93. 1 -Where a person considers that the actions of one or both of the Contracting States result or will result for him in taxation not in accordance with the provisions of this Convention, he may, irrespective of the remedies provided by the domestic law of those States, present his case to the competent authority of the Contracting State of which he is a resident or, if his case comes under paragraph 1 of Article 24, to that of the Contracting State of which he is a national. The case must be presented within three years from the first notification of the action resulting in taxation not in accordance with the provisions of the Convention.
  94. 2 -The competent authority shall endeavour, if the objection appears to it to be justified and if it is not itself able to arrive at a satisfactory solution, to resolve the case by mutual agreement with the competent authority of the other Contracting State, with a view to the avoidance of taxation which is not in accordance with the Convention. Any agreement reached shall be implemented notwithstanding any time limits in the domestic law of the Contracting States.
  95. 3 -The competent authorities of the Contracting States shall endeavour to resolve by mutual agreement any difficulties or doubts arising as to the interpretation or application of the Convention.
  96. 4 -The competent authorities of the Contracting States may communicate with each other directly, including through a joint commission consisting of themselves or their representatives, for the purpose of reaching an agreement in the sense of the preceding paragraphs.

    Article 26

    Exchange of information

  97. 1 -The competent authorities of the Contracting States shall exchange such information as is foreseeably relevant for carrying out the provisions of this Convention or to the administration or enforcement of the domestic laws concerning taxes of every kind and description imposed on behalf of the Contracting States, or of their political or administrative subdivisions or local authorities, insofar as the taxation thereunder is not contrary to the Convention. The exchange of information is not restricted by Article 1 and 2.
  98. 2 -Any information received under paragraph 1 by a Contracting State shall be treated as secret in the same manner as information obtained under the domestic laws of that State and shall be disclosed only to persons or authorities (including courts and administrative bodies) concerned with the assessment or collection of, the enforcement or prosecution in respect of, the determination of appeals in relation to the taxes referred to in paragraph 1, or the oversight of the above. Such persons or authorities shall use the information only for such purposes. They may disclose the information in public court proceedings or in judicial decisions. Notwithstanding the foregoing, information received by a Contracting State may be used for other purposes when such information may be used for such other purposes under the laws of both States and the competent authority of the supplying State authorises such use.
  99. 3 -In no case shall the provisions of paragraph 1 and 2 be construed so as to impose on a Contracting State the obligation:
    1. a)to carry out administrative measures at variance with the laws and administrative practice of that or of the other Contracting State;
    2. b)to supply information which is not obtainable under the laws or in the normal course of the administration of that or of the other Contracting State;
    3. c)to supply information which would disclose any trade, business, industrial, commercial or professional secret or trade process, or information, the disclosure of which would be contrary to public policy (order public).
  100. 4 -If information is requested by a Contracting State in accordance with this Article, the other Contracting State shall use its information gathering measures to obtain the requested information even though that other State may not need such information for its own tax purposes. The obligation contained in the preceding sentence is subject to the limitations of paragraph 3, but in no case shall such limitations be construed to permit a Contracting State to decline to supply information solely because it has no domestic interest in such information.
  101. 5 -In no case shall the provisions of paragraph 3 be construed to permit a Contracting State to decline to supply information solely because the information is held by a bank, other financial institution, nominee or person acting in an agency or a fiduciary capacity or because it relates to ownership interests in a person.

    Article 27

    Assistance in the collection of taxes

  102. 1 -The Contracting States shall lend assistance to each other in the collection of revenue claims. This assistance is not restricted by Articles 1 and 2. The competent authorities of the Contracting States may by mutual agreement settle the mode of application of this Article.
  103. 2 -The term «revenue claim» as used in this Article means an amount owed in respect of taxes of every kind and description imposed on behalf of the Contracting States, or of their political or administrative subdivisions or local authorities, insofar as the taxation thereunder is not contrary to this Convention or any other instrument to which the Contracting States are parties, as well as interest, administrative penalties and costs of collection or conservancy related to such amount.
  104. 3 -When a revenue claim of a Contracting State is enforceable under the laws of that State and is owed by a person who, at that time, cannot, under the laws of that State, prevent its collection, that revenue claim shall, at the request of the competent authority of that State, be accepted for purposes of collection by the competent authority of the other Contracting State. That revenue claim shall be collected by that other State in accordance with the provisions of its laws applicable to the enforcement and collection of its own taxes as if the revenue claim were a revenue claim of that other State.
  105. 4 -When a revenue claim of a Contracting State is a claim in respect of which that State may, under its law, take measures of conservancy with a view to ensure its collection, that revenue claim shall, at the request of the competent authority of that State, be accepted for purposes of taking measures of conservancy by the competent authority of the other Contracting State. That other State shall take measures of conservancy in respect of that revenue claim in accordance with the provisions of its laws as if the revenue claim were a revenue claim of that other State even if, at the time when such measures are applied, the revenue claim is not enforceable in the first-mentioned State or is owed by a person who has a right to prevent its collection.
  106. 5 -Notwithstanding the provisions of paragraphs 3 and 4, a revenue claim accepted by a Contracting State for purposes of paragraph 3 or 4 shall not, in that State, be subject to the time limits or accorded any priority applicable to a revenue claim under the laws of that State by reason of its nature as such. In addition, a revenue claim accepted by a Contracting State for the purposes of paragraph 3 or 4 shall not, in that State, have any priority applicable to that revenue claim under the laws of the other Contracting State.
  107. 6 -Proceedings with respect to the existence, validity or the amount of a revenue claim of a Contracting State shall not be brought before the courts or administrative bodies of the other Contracting State.
  108. 7 -Where, at any time after a request has been made by a Contracting State under paragraph 3 or 4 and before the other Contracting State has collected and remitted the relevant revenue claim to the first-mentioned State, the relevant revenue claim ceases to be
    1. a)in the case of a request under paragraph 3, a revenue claim of the first-mentioned State that is enforceable under the laws of that State and is owed by a person who, at that time, cannot, under the laws of that State, prevent its collection; or
    2. b)in the case of a request under paragraph 4, a revenue claim of the first-mentioned State in respect of which that State may, under its laws, take measures of conservancy with a view to ensure its collection;

    the competent authority of the first-mentioned State shall promptly notify the competent authority of the other State of that fact and, at the option of the other State, the first-mentioned State shall either suspend or withdraw its request.

  109. 8 -In no case shall the provisions of this Article be construed so as to impose on a Contracting State the obligation:
    1. a)to carry out administrative measures at variance with the laws and administrative practice of that or of the other Contracting State;
    2. b)to carry out measures which would be contrary to public policy (order public);
    3. c)to provide assistance if the other Contracting State has not pursued all reasonable measures of collection or conservancy, as the case may be, available under its laws or administrative practice;
    4. d)to provide assistance in those cases where the administrative burden for that State is clearly disproportionate to the benefit to be derived by the other Contracting State.

      Article 28

      Members of diplomatic missions and consular posts

  110. 1 -Nothing in this Convention shall affect the fiscal privileges of members of diplomatic missions or consular posts under the general rules of international law or under the provisions of special agreements.
  111. 2 -Insofar as, due to fiscal privileges granted to members of diplomatic missions or consular posts under the general rules of international law or under the provisions of special international agreements, income is not subject to tax in the receiving State, the right to tax shall be reserved to the sending State.

    CHAPTER VI

    Final provisions

    Article 29

    Entry into force

  112. 1 -Each of the Contracting States shall notify the other in writing through the diplomatic channels of the completion of the procedures required by law for the bringing into force of this Convention. This Convention shall enter into force thirty days after the date of receipt of the later of these notifications.
  113. 2 -This Convention shall have effect:
    1. a)in Portugal:

      (i) in respect of taxes withheld at source, the fact giving rise to them appearing on or after the first day of January of the calendar year next following that in which this Convention enters into force; and

      (ii) in respect of other taxes as to income arising in any fiscal year beginning on or after the first day of January of the calendar year next following that in which this Convention enters into force;

    2. b)in Norway:

      in respect of taxes on income relating to the calendar years (including accounting periods beginning in any such year) next following that in which the Convention enters into force and subsequent years.

  114. 3 -The Convention between the Government of Norway and the Government of Portugal for the avoidance of double taxation with respect to taxes on income and on capital signed at Lisbon on 24 June 1970 shall cease to have effect from the date on which this Convention becomes effective in accordance with paragraph 2 of this Article.

    Article 30

    Termination

  115. 1 -This Convention shall continue in effect indefinitely but either Contracting State may, on or before the 30th day of June of any calendar year beginning after the expiration of a period of five years from the date of its entry into force, give to the other Contracting State a notice of termination in writing through diplomatic channels.
  116. 2 -The provisions of this Convention shall cease to have effect:
    1. a)in Portugal:

      (i) in respect of taxes withheld at source, the fact giving rise to them appearing on or after the first day of January of the calendar year next following that specified in the said notice of termination;

      (ii) in respect of other taxes, as to income arising in the fiscal year beginning on or after the first day of January of the calendar year next following that specified in the said notice of termination;

    2. b)in Norway:

      in respect of taxes on income relating to the calendar year (including accounting periods beginning in such year) next following the date on which the period specified in the said notice of termination expires.

      In witness whereof the undersigned, being duly authorized thereto, have signed this Convention.

      Done in duplicate at Lisbon this 10th day of March, 2011 in the Portuguese, Norwegian and English languages, all texts being equally authentic. In case of any divergence of interpretation of the text of this Convention, the English text shall prevail.

      For the Portuguese Republic:

      Sérgio Vasques, Secretary of State for Tax Affairs.

      For the Kingdom of Norway:

      Inga Magistad, Norway's Ambassador in Lisbon.

      PROTOCOL

      At the moment of signature of the Convention between the Portuguese Republic and the Kingdom of Norway for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income both parties have agreed upon the following provisions, which form an integral part of the Convention:

  117. 1 -Ad Article 2, paragraph 3, subparagraph b) (vi)

    It is understood that the Norwegian tax on remuneration to non-resident artistes is applicable only to the persons covered by Article 17.

  118. 2 -Ad Article 6

    The provisions of this Article shall also apply to income from movable property, or income derived from services connected with the use or the right to use the immovable property, which, under the taxation law of the Contracting State in which the property is situated, is assimilated to income from immovable property.

  119. 3 -Ad Article 10, paragraph 2, subparagraph a) and Article 11, paragraph 3

    It is understood that for the purposes of subparagraph a) of paragraph 2 of Article 10 and of paragraph 3 of Article 11,

    1. a)in the case of Portugal, the expression «the State, a political or administrative subdivision or a local authority thereof» includes «fundos de capitalização administrados por entidades públicas»; and
    2. b)in the case of Norway, the expression «Government of Norway» includes the Government Pension Fund.
  120. 4 -Ad Article 13, paragraph 3

    It is understood that paragraph 3 of Article 13 shall apply whether the ships or aircraft were operated by a resident of one of the Contracting States or not.

  121. 5 -Ad Article 16

    It is understood that in the case of Portugal, the expression «a similar organ of a company» includes the supervisory board (conselho fiscal).

  122. 6 -Ad Article 24
    1. a)In respect of Article 24, it is understood that the provisions of this Convention shall not preclude the application by a Contracting State of its domestic rules with regard to thin capitalization or excessive indebtedness.
    2. b)The provisions of Article 24 shall be construed in the sense that insofar as the deductibility of the incurred disbursements is concerned, each Contracting State may apply its own procedures regarding the burden of proof.

      In witness whereof the undersigned, being duly authorized thereto, have signed this Protocol.

      Done in duplicate at Lisbon this 10th day of March, 2011 in the Portuguese, Norwegian and English languages, all texts being equally authentic. In case of any divergence of interpretation of the text of this Protocol, the English text shall prevail.

      For the Portuguese Republic:

      Sérgio Vasques, Secretary of State for Tax Affairs.

      For the Kingdom of Norway:

      Inga Magistad, Norway's Ambassador in Lisbon.

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