Flat 25% tax urged for foreign workers

Among the changes in the conservative coalition government’s revised state budget proposal on Tuesday is a simplification of income tax rules for foreign workers. A host of other proposals may be felt by Norwegians as well. Finance Minister Siv Jensen and her government colleagues think current income tax rules for foreigners working in Norway for […]

Tax revenue boom ‘signals optimism’

Finance Minister Siv Jensen has reason to smile after a long and difficult winter: New figures show a boom in unexpected tax revenue rolling into the state treasury, much of it tied to Norway’s economic recovery from the oil price collapse. “This is another signal of optimism and brighter times,” Jensen told Norwegian Broadcasting (NRK) […]

Tax forms grab attention

More than a million taxpayers in Norway had already eagerly checked their tax forms within hours of their release by tax authorities early Wednesday. The vast majority are due to receive refunds, often because they’d intentionally boosted withdrawals as part of a savings program. April is “tax time” in Norway but filling out tax forms […]

‘Hytte’ sales soar as conflicts rise

Never have so many of the once-humble Norwegian mountain cabins called a “hytte” been sold as last year, and sales during the Easter holiday week have shocked brokers. At the same time, though, conflicts are rising over everything from new developments to the high property taxes charged by the local governments where hytte communities are located. […]

Border trade booms again during Easter

Customs officers were prepared this past week for another seasonal burst of Norwegians driving over the border to shop in Sweden. Border trade is stronger than ever, but there are traps for unwary Norwegian shoppers. A new survey compiled by the Norwegian business school NHH (Norges Handelshøyskole) in Bergen shows that fully 60 percent of […]

Norway caught in Trump’s trade war

Foreign Minister Ine Eriksen Søreide disclosed on Friday that the US Trump Administration has not exempted Norway from its harsh new tariffs on steel and aluminum. The Norwegian government, which earlier had criticized the US’ threatened protectionism, called US President Donald Trump’s new trade barriers “serious and worrisome.” “American authorities informed us late last night […]

Norway waits out Trump’s trade war

While the EU loads its canons for a threatened trade war with the US’ Trump Administration, Norway’s foreign minister has decided to “sit still in the boat,” as Norwegians are fond of saying. Norway has no immediate plans to strike back, but reserves the right to do so if it deems necessary. “Norway hasn’t prepared […]

Center Party wants to reverse sugar tax hike

Taxes on sugar and sugar products were boosted by 83 percent on January 1, and by 42.3 percent on soft drinks and other alcohol-free drinks. The idea was to reduce consumption of sugar, but now some politicians worry the higher taxes will simply encourage more Norwegians to do their shopping in neighbouring Sweden. “We can […]

India claims more tax from Telenor

Norwegian telecoms firm Telenor, which ran into severe problems doing business in India, now faces a new tax claim from Indian authorities amounting to NOK 775 million (nearly USD 100 million). Telenor disputes the demand. Newspaper Dagens Næringsliv (DN) and TDN Finans reported Wednesday that the extra tax claim is being issued in connection with […]

Oil Fund targets tax dodgers in portfolio

Norway’s enormous sovereign wealth fund known as the Oil Fund is once again flexing its financial muscle around the world, pouncing this time on companies like Nike and Apple. It dislikes how such multi-nationals in which it invests have been avoiding taxes in countries where they do business, even when the practice is legal. Oslo […]