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Norway National Budget 2019 Presented

|Proposed Changes|Norway
Norway

On 8 October 2018, the Norwegian government presented the National Budget for 2019 in parliament. The main tax-related measures include:

  • A reduction in the corporate tax rate from 23% to 22%;
  • An increase in the special petroleum income tax from 55% to 56%, along with a reduction in the rate of uplift (investment-based extra depreciation) from 5.3% to 5.2% per year for four years;
  • An extension …

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