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The impact of Norway's tax change on assets and companies

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30 July 2013

The impact of Norway's tax change on assets and companies

Report summary

This Wood Mackenzie presentation looks at the effect of the first increase in Norwegian petroleum tax in 20 years.  The Government announcement in May 2013 stated that the marginal rate of 78% will not change, but capital uplift will be reduced.  We estimate the overall impact will increase government take by NKr 27 billion (US$4.5 billion). We still expect all planned and sanctioned projects to continue following the tax change.  But marginal projects such as Hod redevelopment, Aasta...

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