The government proposes that the special tax in the petroleum tax be converted to a neutral cash flow tax. Ordinary profit tax of 22 per cent, corresponding to the tax rate paid by other industries, will be continued. The aim of the restructuring is that the tax system for the petroleum industry will give the companies an incentive to invest in socio-economically profitable projects.
Source regjeringen.no
Latest Posts in "Norway"
- Vend Faces Up to NOK500m VAT Exposure After Norway Tax Notice on Digital Subscriptions
- Norway to Reform Cross-Border VAT Rules, Boosting Revenue and Aligning with OECD Guidance
- Norway 2026 Budget: VAT Changes, Electric Car Exemption Cut, CO2 Tax Increase Approved
- How to Verify Norwegian VAT Numbers Online: Step-by-Step Guide for Businesses and Individuals
- Norway to Gradually End VAT Exemption for Electric Cars Starting 2026













