Proposal effectively defers tax payments for companies in the oil & gas industry to improve their liquidity and give them an opportunity to carry out investments, according to a statement on the government’s website.
- Tax measures can improve liquidity by NOK100b related to investments in 2020 and 2021
- Plans for companies to receive expensed investments, including uplift, immediately in the special tax
- Uplift to be changed from 5.2% a year in the first four years to 10% in the first year
- Applies to investment costs incurred by companies in 2020 and 2021 and for investments covered by plans submitted by ...
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