Direct and indirect taxes

Revised National Budget

A budget to help us safely reclaim ordinary life

12/05/2020: The Norwegian economy has suffered its most severe setback ever in peacetime. However, the Government is laying the groundwork for Norway’s emergence from the crisis.

Revised National Budget

Production tax on the aquaculture industry ensures stable and predictable revenues for the host municipalities

12/05/2020: The Government proposes to introduce a production tax on farmed salmon, trout and rainbow trout in the National Budget for 2021. The revenues from the production tax shall be split between regional and local governments. The split of revenues from sales of capacity increase is adjusted.

Temporary amendments to the Petroleum Taxation Act

The Government has been requested to «consider various policy initiatives and submit proposals that may stimulate investment in the oil and gas industry and in the Norwegian supply industry» no later than in connection with the Revised National Budget for 2020, cf. the Storting’s petition resolution no. 474 of 31 March 2020.

National Budget 2020:

Meld. St. 1 (2019–2020) National Budget 2020

The Norwegian economy is performing well. Unemployment is low, and new jobs are created in both rural and urban areas. This contributes to the sustainability of our welfare society.