Norway to Cut Power Taxes, Raise Wealth Tax in Amended Budget

Nov. 8, 2021, 11:24 AM

The tax levied on electric power supply will be reduced, deductions for commuters will be increased, ferry prices will be lowered as will the maximum price for child care programs, the Finance Ministry says in a statement in connection with the amended budget for 2022.

  • Proposes a separate, lower electricity tax rate for the winter months, which is 8 ore per kWh lower than in 2021, while for April – December, the tax is reduced by 1.5 ore per kWh
    • Translates into a 47% reduction in the winter months and 9% the rest of the year, respectively
  • Also increases the ...

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