The Ministry of Finance in Denmark on 27 March 2017 announced a political agreement has been reached concerning the framework agreement regarding investment incentives for the North Sea hydrocarbon activities. The draft law proposal has not been published.
A tax incentive “window” from 2017 to 2025 would apply to motivate investments in hydrocarbon infrastructure assets in the North Sea. The investment window includes the following:
As part of the framework agreement, it is the intention to improve the third-party access to the central hydrocarbon infrastructure. Third-party access means that other companies (i.e., than the owners of the infrastructure) could have access to use the infrastructure (platforms, pipelines, etc.). Accordingly:
© 2017 KPMG Acor Tax, a Danish limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.