The Norwegian government has published an overview table of the tax rate changes for 2019, which were approved by parliament as part of the 2019 Budget in December 2018. Some of the main changes include:
- A reduction in the corporate tax rate from 23% to 22%, while the 25% rate for the financial sector is maintained;
- An increase in the special petroleum income tax from 55% to 56%, with the rate of uplift (investment-based extra depreciation) reduced from 5.3% to 5.2%;
- An increase in the hydr…