Norway publishes fiscal budget for 2024

16 October 2023|Tax Alerts, Legislation & Policy, National/Federal Taxation|Norway

On 6 October 2023 the Norwegian Government published its proposal for the 2024 Fiscal Budget (the Budget) and a proposal to introduce resource-rent tax on onshore wind power.
The proposed Budget will now be discussed by the Norwegian Parliament and, subject to any potential changes, is expected to be approved in December 2023.
Save for the introduction of the resource-rent tax on onshore wind power and the extension of the Norwegian tax liability for foreign individuals and entities involved in ce…

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