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Consultation on resource rent tax on onshore wind power

The 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

Action plan to combat social dumping and work-related crime

The Action plan to combat social dumping and work-related crime was submitted by the Government 1 October 2022.

Prop. 1 LS (2022–2023) - Taxes 2023

Prop. 1 LS (2022–2023) Proposition to the Storting (Bill and Draft Resolution) For the 2023 Budget Year

The National Budget 2023: A budget for security and fair distribution

There 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.

The National Budget 2023: Adjusting the tax rules for the petroleum sector

Oil 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.

Profits from natural resources will be better distributed

Energy 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.

High-price contribution on wind and hydropower

The 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

Resource rent tax on onshore wind energy

The 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

Adjustment of local and county authorities’ general grant

The 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.

Resource rent tax on aquaculture

The 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

Increased resource rent tax on hydropower

The 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.

The Council has decided to renegotiate the agreement between Norway and the EU to hinder VAT fraud

The 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.

Revised National Budget: Sound economic governance

The 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

The EU Commission recommends negotiations of an agreement between Norway and the EU to hinder VAT fraud

The 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

Consultation on a proposal for amendments to the Norwegian VAT Act regarding cross-border trade of services from businesses to consumers

The 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

Carbon Border Adjustment Mechanism – Norwegian Positions

Norway and the EU have a strong relationship, sharing common fundamental values and a common regulatory framework through the European Economic Area (EEA). We are partners and cooperate to fulfil common climate targets.

Convention Norway - Belgium

Tax treaty between Norway and Belgium The Convention between the Kingdom of Norway and the Kingdom of Belgium for the avoidance of double taxation with respect to taxes on income and for the prevention of fiscal evasion was signed on 23 April 2014

Amendment to the 2022 Fiscal Budget Proposal: A new and fairer course for the whole of Norway

Opportunities 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.

Carbon Border Adjustment Mechanism – Preliminary Norwegian Positions

High ambitions, collective effort and urgent action are needed to speed up the transition to a sustainable, resilient, climate neutral and environmentally friendly future.

NOU 2021: 4 - Norway towards 2025 – Summary