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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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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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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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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.
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Revised National Budget: Sound economic governance
12/05/2022 Press release Ministry of FinanceThe Norwegian economy is unusually strong and employment is at a record low. At the same time, however, Omicron, high electricity prices and war in Europe have necessitated unforeseen financial allocations. In the Revised Budget, the government has
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The EU Commission recommends negotiations of an agreement between Norway and the EU to hinder VAT fraud
27/04/2022 News story Ministry of FinanceThe Commission adopted 26 April 2022 a recommendation to the Council to re-open negotiations of the agreement between Norway and the EU concerning administrative cooperation in the field of VAT. The purpose of the agreement is to combat
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Consultation on a proposal for amendments to the Norwegian VAT Act regarding cross-border trade of services from businesses to consumers
08/04/2022 News story Ministry of FinanceThe Norwegian Ministry of Finance hereby presents a proposal for amendments to the Norwegian VAT Act regarding cross-border sales of services from businesses to consumers (B2C). It is proposed that all purchases of remotely deliverable services from
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Amendment to the 2022 Fiscal Budget Proposal: A new and fairer course for the whole of Norway
08/11/2021 Press release Ministry of FinanceOpportunities throughout the country, higher employment, labour market security, a fairer distribution of income and wealth and fairer climate policies are key priorities in the new government's proposed changes to the 2022 budget.