Expert committee proposes changes to Norwegian tax system – Abolishing reduced VAT rates

• In December 2022, a tax expert committee submitted its report to the Government on proposed changes to the Norwegian tax system.
• The report has been issued for public consultation with comments due by 15 April 2023.
• This Alert outlines the proposed changes to corporate income tax measures, value-added tax, and industry measures. –
  • Abolishing reduced Value-Added Tax (VAT) rates (15% and 12%) and certain industry-specific exemptions (zero-rated services) and instead apply a flat rate of 25%.

Source EY