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Norway Issues Release on New Measures to Curb the Financial Impacts of COVID-19 — Orbitax

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Norway Issues Release on New Measures to Curb the Financial Impacts of COVID-19

|Approved Changes|Norway
Norway

The Norwegian government has issued a release on new measures to curb the financial impacts of the COVID-19 outbreak. Key tax measures include the following:

Lowering of value added tax reduced rate (new proposal)

The reduced-rate value added tax (VAT) is further reduced from 8 per cent to 7 per cent from 1 April 2020 to 31 October 2020 for industries including tourism and certain sporting …

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