Norway Parliament Considers 2024 Revised National Budget

The Norwegian Parliament (Stortinget) May 14 accepted for consideration Bill No. Prop. 103 LS, on the 2024 revised national budget. The budget includes measures to: 1) terminate the temporary, additional 5 percent employer’s contribution on salary income over 850,000 Norwegian kroner (US$79,427), effective Jan. 1, 2025; 2) require the proportional return of deducted VAT for vehicle leasing and taxi businesses if the vehicles are resold within four years, and eliminate the one-off tax for wheelchair taxis; 3) shift the implementation of the reduced CO2 tax rate on mineral products for shipping subject to quotas, to direct exemption from annual reimbursement, ...