OrbitaxNorway Budget 2017 Includes Tax Rate Cuts and Introduction of Financial Activity Tax
|Proposed Changes|Norway
On 6 October 2016, the Norwegian Ministry of Finance issued a release on the Budget for 2017. The main tax-related measures of the Budget include:
- A reduction in the standard corporate and individual tax rate from 25% to 24% in 2017 and a further reduction to 23% in 2018;
- Increases in the progressive tax bracket rates for individuals by 0.49% to 0.82%;
- A reduction in net wealth tax by introduc…
