The Norwegian Ministry of Finance has published an overview of rule changes from 1 July 2017, including those in the Revised Budget for 2017 issued in May. Some of the main changes are in relation to the financial activity tax, which include:
- Changes to prevent groups from making arrangements to circumvent the higher ordinary income tax rate that was maintained for financial companies (25%), and
- A change in the exemption from the salary-based financially activity tax (5%) by removing the ex…