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Norway's National Budget for 2022 Submitted in Parliament

15 October 2021

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Proposed Changes

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Norway

The Norwegian government has announced the National Budget for 2022, which was presented to the Storting (parliament) on 12 October 2021. Specific tax measures of the budget include: A reduction in the first and second income tax bracket rates by 0.3% and 0.2%, respectively; The introduction of a job allowance of NOK 23,500 for young people under the age of 30; The introduction of a new and improved scheme for the taxation of share options in employment to support start-ups and new enterprise, providing that neither the allocation of an option nor the gain made upon redemption of a share...