On 8 October 2018, the Norwegian government presented the National Budget for 2019 in parliament. The main tax-related measures include:
- A reduction in the corporate tax rate from 23% to 22%;
- An increase in the special petroleum income tax from 55% to 56%, along with a reduction in the rate of uplift (investment-based extra depreciation) from 5.3% to 5.2% per year for four years;
- An extension of the 25% of EBITDA net interest deduction cap to both related and unrelated debt (currently just a…