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GoO-RES-E-RECS-DP-Norway-v1 0 - NECS - Statnett

GoO-RES-E-RECS-DP-Norway-v1 0 - NECS - Statnett 2025

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The document outlines the Domain Protocol for Guarantees of Origin (GoO RES-E) in Norway, prepared by Statnett SF. It details the certification process for renewable energy production, including the issuance, transfer, and cancellation of GoO RES-E Certificates. The protocol establishes responsibilities, definitions, participation requirements, and monitoring procedures to ensure transparency and reliability in the certification of renewable energy sources. It also includes guidelines for registration of production devices and compliance with European Energy Certification System standards.

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What is the foreign tax credit in Norway?

Foreign tax credit It is possible to carry forward unused foreign taxes for up to a maximum of five years. It is not possible to claim a tax credit for foreign tax paid in addition to claiming deductions in the taxable income in Norway for the same foreign tax paid.

What is the 78% tax in Norway?

Petroleum tax regime. All upstream petroleum activity on the Norwegian Continental Shelf (NCS) is taxable to Norway. Taxation is based on net income at a marginal tax rate of 78%, which comprises the ordinary 22% CIT rate and a 56% special tax.

What qualifies as a foreign tax credit?

You can claim a credit only for foreign taxes that are imposed on you by a foreign country or U.S. possession. Generally, only income, war profits and excess profits taxes qualify for the credit.

What is the foreign tax deduction for Norway?

Standard deduction for foreign employees of 10 per cent of your gross income, maximum NOK 40 000. Valid only during the first two years of residence in Norway. If you are married, both you and your partner must be eligible for the deduction or it will not be granted.

What are the guarantees of origin Statnett?

Guarantees of Origin (GO) refers to a European label scheme for electricity. Through this scheme, a power consumer can receive documentation that a given amount of electricity has been produced from a certain energy source.