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Norway Provides Overview of 2023 Budget Measures

12 October 2022

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Proposed Changes

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Norway

Norway's National Budget for 2023 was delivered on 6 October 2022. The main tax measures of the budget are summarized in an English-language release as follows: --- Some of the most important measures in the National Budget for 2023: On 28 September the Government announced measures for fairer distribution of profits from our common natural resources. The proposals included in the budget for 2023 are: introducing a resource rent tax on aquaculture and onshore wind power, increasing the tax rate in the resource rent tax on hydropower, and introducing a high-price contribution from wind and hydropower. The proposals are estimated...