The nature of the tax information request remains unknown but Jersey has signed a tax information exchange agreement (TEIA) with Norway meaning, under OECD rules, the jurisdiction is obliged to provide Norway with the information.
Under the terms of the TEIA, it is understood that a government has 30 days to respond to a valid request for tax-related information or explain why it is unable to do so. In the event it is unable to provide information, the government has an additional 90 days in which to supply the required information.
A spokesperson from the Norwegian Finance Ministry said: “There are currently some issues with regards to getting some information from Jersey which hopefully will be resolved soon”.
