OrbitaxNorway 2020 Budget Measures Include New VAT Rules for Imported Goods and Amendments to the Interest Deduction Restriction and the R&D Incentive
|Proposed Changes|Norway
The Norwegian Parliament is considering the State Budget for 2020, which was presented by the Ministry of Finance on 7 October 2019. Some of the main tax-related aspects of the Budget include the following:
- The standard corporate and individual income tax rates are maintained at 22% and the progressive individual tax bracket will be adjusted as follows:
- up to NOK 180,800 - 0%
- over NOK 180,800…
