The federal government’s proposal for tax and obligation adjustments.
Extra impartial VAT guidelines for leasing, automotive rental and taxi operations
The federal government proposes to introduce extra impartial guidelines for the return of deducted worth added tax on passenger automobiles. The revenue from the conversion is used to scale back the one-off tax for all passenger vehicles and take away the one-off tax for wheelchair taxis. The proposal has been topic to session and follows up on the Storting’s request choice to “suggest measures to extend the share of electrical vehicles within the leasing market”. See press launch from the Ministry of Finance.
See press launch.
Taxation of securities funds on relocation
With the intention to create coherence within the guidelines on tax exemption for good points from the conclusion and switch of mutual funds, sections 9-14 of the Tax Act are amended in order that mutual funds are additionally exempt from switch taxation for shares in firms exterior the EEA.
Decreased CO2 tax for sea delivery topic to quotas
The implementation of the diminished fee within the CO2 tax on mineral merchandise for delivery topic to quotas is modified from annual reimbursement to direct exemption when bought from registered companies. The speed comes into pressure as quickly because the matter has been resolved with ESA.
Supplementary settlement with the USA on protection cooperation
The federal government proposes to alter the present reimbursement scheme for worth added tax to an exemption on the time of buy (direct exemption) for acquisitions made by the US forces’ contractors and subcontractors, supplied that the acquisitions are for official use by the US forces.
The proposal is a follow-up to Article XVI within the supplementary settlement between Norway and the USA on protection cooperation.
Technical adaptation to new AFP in public
A brand new AFP has been adopted within the public sector modeled after the AFP within the personal sector. It requires technical adaptation of the tax guidelines, in order that the construction of the tax guidelines may even be the identical as for personal AFP. Because of this the pension tax credit score is graded based mostly on the withdrawal fee for old-age pensions within the nationwide insurance coverage, as has been accomplished for the personal sector from 2011.