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Wednesday, April 24, 2024

New taxes clicked in on January 1

The cost of some luxury cars declined after New Year but it will be more expensive to go to the movies, museums, the theater or amusement parks in Norway, all because of new taxes and fees that took effect on January 1.

One of the biggest changes is a boost in the tax (VAT) charged on tickets to cultural events or institutions. It rose from 8 percent to 10 percent, as did that tax rate charged on hotel and transport services. The tourism industry unsuccessfully opposed the latter, but can be cheered by the weak krone that makes Norway more attractive to foreign visitors.

The annual and obligatory fee charged to all owners of televisions to fund state broadcaster NRK went up by NOK 70 a year, to NOK 2,834.70, while a new tax on airline seats (NOK 80) is due to take effect from April 1.

Norwegians may see a bit of income tax relief, with the basic rate on adjusted income declining to 25 percent. More details about income tax changes will be detailed in tax information to be issued before the April 30 filing deadline. staff



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