The Norwegian government published information on the National Budget 2025 on 7 October 2024. As explained in an English-language overview of the main tax policy features of the budget, no major tax reforms are proposed for 2025, although several adjustments and changes will be made, including the introduction of an undertaxed profits rule (UTPR) and the associated safe harbor. As previously reported, Norway has already introduced a Pillar 2 income inclusion rule (IIR) and a domestic minimum top-up tax, referred to as a national supplementary tax, which apply for financial years beginning after 31 December 2023. --- 1.2 Main features...