Executive summaryOn 10 June 2020, the Finance Committee of the Norwegian Parliament issued a recommendation for temporary tax stimulus measures for oil and gas companies. The proposed law changes are expected to be enacted on 12 June 2020. The main features are:Oil and gas companies can depreciate 100% of investments against the special tax basis (56%) in the year of investment in 2020 and 2021The uplift is increased from 20.8% (5.2% per year over four years) to 24% in the year of investmentCompanies generating tax losses may receive a cash refund of tax value through the income years 2020 and 2021The...