Norway Tax Rule Changes for 2017

On 22 December 2016, the Norwegian Ministry of Finance published an overview of tax rule changes for 2017 following the completion of the budget process in parliament on 20 December. The main changes include:

• A reduction in the ordinary income tax rate for individuals and companies from 25% to 24%, and an increase in the rates and brackets for the progressive individual income surtax as follows:
  • up to NOK 164,100 - 0%
  • over NOK 164,100 up to 230,950 - 0.93%
  • over NOK 230,950 up to 580,650 - 2.…