On 6 October 2022, the National budget for 2023 was delivered including following tax proposals related to corporate taxation.
- Increasing the tax rate from 35.2% to 37.84% on dividends and capital gains effective from 6 October 2022.
- It is proposed to apply employer contribution of five percent on employment income exceeding NOK 750,000. The ordinary rates will apply up to NOK 750 000 and the additional levy will be imposed on income in excess.
- Introducing a resource rent tax on aquaculture and onshore wind power.
- Increasing the tax rate in the resource rent tax on hydropower.
- Proposed to change the temporary tax rules for the petroleum sector. The proposal entails that the uplift rate is reduced from 17.69 per cent to 12.4 per cent.
