Norway's Revised National Budget for 2020 Presented

Norway's Revised National Budget for 2020 was presented on 12 May 2020. Tax related measures of the budget are largely meant to support businesses impacted by the COVID-19 pandemic and include:

• Increased flexibility for taxpayer to request deadline extension for tax obligations due to difficulties arising as a result of the COVID-19 pandemic;
• A reduction in the late payment interest rate to 6%;
• A reduction in employer's national insurance contributions by 4% for the period May to June 2020;
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