With a government financial balance equivalent to 3.0 per cent of GDP, Norway had a very good year in 2016. Now, the Norwegian budget of 2017 focuses on key aspects of a nation's wellbeing: employment and security but it also allocates funds to restructuring and growth. Another 2017 decision which is important for company owners in Norway is the tax reform. Businesses and natural persons are all going to benefit from tax cuts this year. The government had the possibility to adopt a tax shift thanks to a minutely examined fiscal policy.
As all Scandinavian countries, Norway is known as an honest and open state, where businesses are correct, fair and transparent. The same goes for the taxation system where the authorities have always put an accent on transparency, for both natural persons or businessmen. Before we enter into details we remind that our Norwegian lawyers can offer suitable assistance in taxation matter for your company, branch or subsidiary registered in Norway.