Norway Parliament Considers Revised National Budget 2025

The Norwegian Parliament (Stortinget) May 15 accepted for consideration Bill No. Prop. 145 LS, on the Revised National Budget 2025. The budget includes measures to: 1) reduce electricity tax by 0.044 Norwegian kroner (US$0.003) per kilowatt-hour, from July 1; 2) introduce an electricity tax exemption under a renewable energy sharing regime for the commercial sector; 3) impose individual income tax on state benefits paid to participants under a new youth pilot program as reportable wages and pensionable income, from the autumn; 4) introduce a refund of CO2 tax on specified fuel purchased from military facilities when the user is entitled ...