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Norway: Tax proposals in 2020 budget; updated CFC “black list”

Norway: Tax proposals in 2020 budget

The Norwegian government on 7 October 2019 presented 2020 budget proposals to the Norwegian Parliament.


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The 2020 budget proposals include measures that would increase Norway’s CO2 tax and that would change the Norwegian interest limitation rules.

Read an October 2019 report (Norwegian) prepared by the KPMG member firm in Norway

CFC “white list” and “black list” published

The Norwegian tax authorities in late September 2019 published updated lists of “white-listed” and “black-listed” jurisdictions that apply in the context of Norwegian controlled foreign corporation (CFC) rules. The Norwegian tax authorities removed Hong Kong, Oman, and Serbia from the black list. There were no changes made to the countries included on the white list.

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