Norway’s government on 13 March 2020 presented proposals to amend the income tax law in response to the coronavirus (COVID-19) epidemic. In addition, there are plans for proposals for industries and businesses that are particularly affected by COVID-19.
The proposals currently include measures that would:
Furthermore, certain businesses that were to pay their first installment of withholding tax on 15 March will be granted more time (until 1 May 2020).
Another measure will allow self-employed persons realizing a loss of income to adjust their tax deductions from the first tax period.
Read a March 2020 report (Norwegian) prepared by the KPMG member firm in Norway
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