Direct and indirect taxes
Direct and indirect taxes are the main sources of revenue for central, local and regional government.
National Budget 2018:
The Government’s fiscal policy has been used actively to counter the effects of the oil price slump. The economy is now gradually recovering. In the fiscal budget for 2018, the use of petroleum revenues will therefore increase more slowly than in recent years. The Government prioritisesgrowth-promoting tax reductions and a continued focus on education, transport, health, and welfare at the local level.
China and Norway agree to renegotiate the tax treaty between the two countries. This became clear during a meeting between China's tax minister Wang Jun and Finance Minister Siv Jensen on Wednesday.
Prop. 1 LS (2017 – 2018)
In order to sustain the positive development, the Government is giving priority to tax changes that strengthen the growth capacity of the economy, facilitate structural adjustment and create new jobs. The tax burden continues to be shifted from corporate tax and taxes on savings and labour to other taxes, whilst revenues from the resource rent industries are maintained. This is in line with international recommendations from, inter alia, the OECD.