More content from the ministry

Notification - excise duty on waste incineration - exemption for undertakings covered by the ETS

Notification - excise duty on waste incineration - exemption for undertakings covered by the ETS

Financing change: Norway’s experience in sharing wealth

Taxing the riches of nature: sharing in the prosperity from national resources

By Minister of Finance Trygve Slagsvold Vedum At a business event 24 July in Rio de Janeiro, Brazil, prior to G20 Finance Ministers meeting

Response from Norway to the Reasoned Opinion on the Norwegian Reporting Obligation when hiring non-resident contractors

The Ministry of Finance's response to ESAs reasoned opinion on the Norwegian reporting obligations.

Complaints against Norway relating to reporting obligations when contracts are given to non-resident contractors

The Norwegian Tax Assessment Act (TAA) § 5-6 and Regulation on Third Party Reporting Obligation ("Third Party Regulation") § 5-6-1- to § 5-6-6.

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.

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

Revised National Budget: A responsible budget that provides security for people throughout Norway

In 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

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

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.

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.

Revised strategy for combating work-related crime (2019–)

The Government presented its strategy for combating work-related crime in 2015. The strategy was revised and updated in 2017, and it has now also been subject to a new revision in February 2019.

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

Norway will implement new rules for taxation of large multinational enterprises

Today 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

Renegotiated Agreement on Value Added Tax Signed with the EU

On 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

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

Prop. 78 LS (2022–2023) - Resource rent tax on aquaculture

Revised National Budget: Postponed implementation of resource rent tax on onshore wind power

The 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

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.

NOU 2021: 4 - Norway towards 2025 – Summary

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