author_orbitax
Orbitax

Share This Article

Norway National Budget 2019 Presented

11 October 2018

|

Proposed Changes

|

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 of the 25% of EBITDA net interest deduction cap to both related and unrelated debt (currently just applies to related) and an increase in the de minimis safe harbor from NOK 5 million to...