On 12 October 2017, the Norwegian government presented the National Budget 2018. The main tax-related measures include:
- Reducing the corporate tax rate from 24% to 23%, while maintaining the 25% rate for the financial sector;
- Increasing the special petroleum income tax from 54% to 55%, while reducing the rate of uplift (investment-based extra depreciation) from 5.4% to 5.3%;
- Increasing the tax on resource rent from 34.3% to 35.7%;
- Increasing the reduced value added tax rate from 10% to 12%, …