More content from the ministry

Tax lessons for governments from Henry George

The 19th-century political economist understood that the whole of society should benefit from outsized profits.

By Minister of Finance Trygve Slagsvold Vedum Op-ed in Financial Times

Henry George Lecture at St. Johns University: Norway’s Historical Experience with Taxing & Regulating the Exploitation of Its Natural Resources

Lecture held by Minister of Finance Trygve Slagsvold Vedum, at St. John University the 23 October 2024, New York, USA.

By Minister of Finance Trygve Slagsvold Vedum

The National Budget 2025: Closing tax loopholes by amending the exit tax rules

In 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.

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

Meld. St. 31 (2023–2024) - Long-term Perspectives on the Norwegian Economy 2024

Chapter 1

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

Notification - CO2 tax - exemption for undertakings covered by the ETS

Notification - CO2 tax - exemption for undertakings covered by the ETS

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

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

The National Budget 2024: A budget to safeguard Norwegian households

The 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

Prop. 2 LS (2023–2024) - Resource rent tax on onshore wind power

The National Budget 2024: The Government will introduce a resource rent tax on onshore wind power from 2024

The 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

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

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

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

The Norwegian Government’s proposed resource rent tax on aquaculture

The 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

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.