On 8 October 2014, the Norwegian Ministry of Finance submitted to parliament the budget for 2015. Changes are made in regard to business taxation, individual taxation and indirect taxes, and would generally apply from 1 January 2015.
The main changes include:
Business Taxation
- Limited partners will no longer be able to deduct partnership losses against ordinary income from other sources, but will instead be able to carry such losses forward to offset future partnership income or gains up…