Direct and indirect taxes
Direct and indirect taxes are the main sources of revenue for central, local and regional government.
Revised National Budget 2018:
The Norwegian economy has recovered from the downturn induced by the 2014 drop in the oil price and is now characterized by optimism and solid growth. The 2018 Fiscal Budget approved last autumn is still well adapted to the economic situation, and thus its key features remain in the Revised Budget.
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.