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Norway is strengthening cooperation with the EU to combat VAT fraud
21/03/2025 News story Ministry of FinanceThe Norwegian Government is requesting the Storting (the Norwegian Parliament) for consent to implement a renegotiated agreement with the EU on administrative cooperation in the VAT area. According to the new Agreement, Norwegian tax authorities
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The Finance Minister promotes Norwegian resource rent taxation in Financial Times
16/01/2025 News story Ministry of FinanceIn the article «Tax lessons for governments from Henry George» in Financial Times, Finance Minister Trygve Slagsvold Vedum discusses how Henry George's ideas on taxation of land and resources may be relevant for the global tax debate.
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The National Budget 2025: Closing tax loopholes by amending the exit tax rules
07/10/2024 Press release Ministry of FinanceIn practice, the current exit tax rules function as a tax loophole. The Government wants to close this loophole and proposes, in the National Budget for 2025, to amend the exit tax rules to make them more effective and fairer.
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Renegotiated Agreement on Value Added Tax Signed with the EU
02/10/2024 News story Ministry of FinanceOn the 2nd of October, Norway's ambassador to the EU, Anders H. Eide, signed a renegotiated agreement with the EU on administrative cooperation in the field of VAT. The purpose is to combat international VAT fraud. The Director-General of the
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Norway will implement new rules for taxation of large multinational enterprises
24/11/2023 Press release Ministry of FinanceToday the Government put forward a Bill to the Norwegian parliament to implement internationally agreed rules on global minimum tax. This will deter profit shifting and ensure large business groups pay at least 15 per cent tax on their profits. The
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The National Budget 2024: A budget to safeguard Norwegian households
06/10/2023 Press release Ministry of FinanceThe budget for 2024 provides security and opportunity for people and businesses throughout Norway. There are expenditure increases in several areas due to war in Europe, a record number of refugees and higher prices. The Government’s priorities are
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The National Budget 2024: The Government will introduce a resource rent tax on onshore wind power from 2024
06/10/2023 Press release Ministry of Finance, Office of the Prime MinisterThe Government is today presenting a modified bill for the introduction of a resource rent tax on onshore wind power from 2024. The proposal will ensure that a larger share of the value added in the wind power industry will accrue to society as a
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Revised National Budget: A responsible budget that provides security for people throughout Norway
11/05/2023 Press release Ministry of FinanceIn the revised budget, the government will prioritise crucial public services such as healthcare, the police and refugees. Providers of public services and benefit recipients will receive compensation for wage growth and inflation. The government
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Revised National Budget: Postponed implementation of resource rent tax on onshore wind power
11/05/2023 Press release Ministry of FinanceThe Government wants a larger share of the value which is created from the country’s common natural resources to benefit local communities, municipalities and society as a whole. The Government notified its intention to propose a resource rent tax
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The Norwegian Government’s proposed resource rent tax on aquaculture
28/03/2023 Press release Office of the Prime Minister, Ministry of FinanceThe Government will today present a bill proposing a resource rent tax on aquaculture. The intention of the proposal is to ensure that local communities along the coast and society as a whole receive a greater share of the value that is created by
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Consultation on resource rent tax on onshore wind power
16/12/2022 Press release Ministry of Finance, Ministry of EnergyThe Government proposes to introduce a resource rent tax on onshore wind power from 2023 and is today sending the proposal for consultation, as described in the State Budget for 2023. It is one of several resource rent proposals which will lead to
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The National Budget 2023: A budget for security and fair distribution
06/10/2022 Press release Ministry of FinanceThere is a war and an energy crisis in Europe. High inflation is affecting people’s lives. The Government’s response is a fair and responsible budget, which improves distribution and enhances security at a challenging time.
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The National Budget 2023: Adjusting the tax rules for the petroleum sector
06/10/2022 Press release Ministry of FinanceOil and gas prices have increased significantly since the introduction of the temporary tax rules for the petroleum sector in 2020. As a result of this, the Government will now be adjusting these rules.
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Adjustment of local and county authorities’ general grant
28/09/2022 News story Ministry of FinanceThe Government proposes a one-year deduction in the general grant to local and county authorities with income from licence power. The proposal applies to local and county authorities in the areas with the highest electricity prices.
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Profits from natural resources will be better distributed
28/09/2022 Press release Ministry of Finance, Office of the Prime MinisterEnergy producers and the aquaculture industry make billions of kroner on our common resources. The Government is now proposing that more of the value created should go back to society.
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High-price contribution on wind and hydropower
28/09/2022 News story Ministry of FinanceThe Government is proposing to introduce a high-price contribution, with the rate set at 23 per cent of the electricity price in excess of NOK 0.70 per kWh. The contribution is designed as an excise duty payable to the treasury. The tax will be
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Resource rent tax on onshore wind energy
28/09/2022 News story Ministry of FinanceThe government proposes the introduction of resource rent tax on onshore wind energy as from 2023. The proposal will be referred for public consultation before the end of the year, and involves the taxation of resource rent at an effective rate of
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Resource rent tax on aquaculture
28/09/2022 News story Ministry of FinanceThe Government is proposing to introduce a resource rent tax on aquaculture from 1 January 2023. This proposal will be sent out for consultation today. Following the consultation, the Government will return to the Storting with a bill that will
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Increased resource rent tax on hydropower
28/09/2022 News story Ministry of FinanceThe Government is proposing to increase the effective resource rent tax rate on hydropower from 37 per cent to 45 per cent, with effect from the 2022 fiscal year.
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The Council has decided to renegotiate the agreement between Norway and the EU to hinder VAT fraud
22/06/2022 News story Ministry of FinanceThe Council of the European Union decided Friday 17 June to re-open negotiations of the agreement on administrative VAT cooperation between Norway and the EU.