Inform
Norway announces minor tax change
This report is currently unavailable
Report summary
The Norwegian Government has announced that Corporation Tax will be reduced by 2% to 25%. The marginal tax rate for petroleum activities will remain at 78%, as the Special Petroleum Tax rate will be increased by 2% to 53%. The change is part of wider tax reforms to boost Norway's competitiveness in non-oil sectors. Further tax reforms are proposed in a white paper published alongside the budget, with Corporation Tax to be reduced to 22% by 2018. In order to avoid a reduction in state revenue, further adjustments will be required to the Special Petroleum Tax and could require a review of the capital uplift rate.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Pallas Green zinc mine project
A detailed analysis of the Pallas Green zinc mine project.
$2,250
Asset Report
Viscaria Restart copper mine
A detailed analysis of the Viscaria Restart copper mine.
$2,250
Insight
Europe upstream in brief
Shell’s Shpiragu project in doubt as it announces significant exploration write-offs in Albania
$1,350
