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Announced last month, Norway's 2016 Budget proposals include a corporate tax rate cut and an increase in the VAT rate.

On 16 May 2024, the Danish Parliament adopted the new top-top tax as part of an extensive tax reform for individuals. The change will take effect from 2026.

The Norwegian Ministry of Finance has proposed significant amendments to the Section 10 Regulation governing asset transactions on the Norwegian continental shelf, introducing new documentation requirements, modified rules on contingent consideration, and expanded scope to include pipeline and infrastructure transfers. While the proposal offers increased flexibility in certain areas, it also eliminates seller carry provisions for decommissioning costs and imposes stricter timelines that may challenge commer

Regjeringens forslag til revidert nasjonalbudsjett for 2024 ble fremlagt 14. mai. Nedenfor har vi nevnt noen av nyhetene.

For utenlandske selskaper med virksomhet i Norge, og som har ansatte som bruker firmabiler, er det avgjørende å forstå norske regler for beskatning av firmabiler.

The Norwegian Government introduced the State Budget 2012 6 October 2011.

The Norwegian Ministry of Finance has tasked Finanstilsynet with leading a working group to evaluate a Norwegian fund structure with variable capital, similar to Luxembourg's SICAV. The mandate covers fund regulation, tax treatment, and corporate law, with delivery expected by December 1, 2027, potentially reshaping Norway's competitive position in the European fund management landscape.

The Norwegian Tax Appeal Board has issued four decisions applying the exemption from penalty tax for obvious arithmetic or clerical errors following the Supreme Court's Caiano ruling. These decisions demonstrate a taxpayer-friendly interpretation covering dropdown-menu errors, incorrect carry-forward losses, broken software links, and dropped pre-filled data, establishing a broader application of the exemption than previously anticipated.

Norway's Tax Commission has delivered its recommendations on exit tax reform, proposing relief measures including reduced dividend instalment rates and exemptions for temporary residents. Will these changes make it into the 2027 budget, or will they be deferred pending broader tax settlement negotiations?

Norwegian partnerships are regarded as transparent entities for tax purposes. Therefore, the income of partnerships is taxed at the hands of the partners regardless of whether the income has been distributed. In order for partnerships established abroad to be treated as transparent entities for Norwegian tax purposes, at least one of the partners (the general partner) must have an unlimited and personal obligation for the partnership's debts, liabilities and obligations.

A recent Supreme Court ruling confirmed the right to deduct input value added tax (VAT) for 'mixed' businesses - that is, businesses with both activities subject to VAT and activities exempt from VAT.

When Norwegian residents inherit foreign shares from parents living abroad, the tax basis they receive can differ dramatically from domestic inheritance rules. In some cases...

Norway's 2027 state budget introduces key tax changes including reduced marginal tax rates on wages, modified electric vehicle VAT exemptions, and adjustments to wealth tax thresholds. The government proposes lowering the payroll tax rate while maintaining pension tax rates unchanged, alongside reforms to aquaculture taxation and measures against Skattefunn scheme abuse.