On 7 October 2026, the Støre government presented its proposed national budget for 2027. We summarise the most important proposed changes.
The national budget provides minor tax relief for individuals through small adjustments to the bracket tax, the personal allowance and the national insurance contribution. The bracket tax rates are proposed unchanged, but the thresholds are adjusted to account for wage growth of 4%, while the personal allowance is proposed increased by 4.9% to NOK 120,180. The national insurance contribution is proposed reduced by 0.2 percentage points, so that the contribution on wages and benefits falls from 7.6% to 7.4%.
The government also proposes simpler rules for the sale of homes and holiday homes received through inheritance or gift: if the property is sold within one year of the date of inheritance or gift, no tax will be payable on any gain, nor will any deduction be given for a loss, provided the deceased or donor could themselves have sold the property tax-free.
Another proposal that may affect many is a new model for company car taxation. The benefit of private use of a company car is proposed set at 20% of the car's list price as new, plus a fixed cost supplement that is differentiated by engine type. The change provides more lenient taxation for electric cars, diesel cars and plug-in hybrids, while petrol cars will see a somewhat higher income addition than today.
Also read: Personal taxation in the 2027 state budget
Wealth tax is effectively on hold pending a tax settlement. The government has announced that it will return to parliament early in 2027 with a separate matter on a comprehensive tax reform based on the recommendations of the Tax Commission in NOU 2026: 9. Pending this, only a minor increase in the basic allowance is proposed, from NOK 1,900,000 to NOK 1,990,000 (from NOK 3,800,000 to NOK 3,980,000 for married couples). Otherwise, the existing thresholds and valuation discounts are continued.
Also read: Wealth tax in the 2027 state budget
In the proposed national budget for 2027, the general corporate tax rate is continued unchanged at 22%. Nevertheless, several practical adjustments to business taxation are proposed.
The government proposes tightening the SkatteFunn scheme to limit misuse: costs incurred before a project is approved can no longer be deducted, an aggregate deduction cap of NOK 25 million is introduced for groups, and the right to deduct costs incurred outside the EEA is limited to countries with which Norway has a tax treaty or an information exchange agreement.
Further changes are proposed to the Supplementary Tax Act, which implements the global minimum tax (Pillar 2) in Norwegian law. Among other things, the changes anchor four new Safe Harbour rules in a new separate chapter of the Act, so that groups can to a greater extent avoid the full calculation of the effective tax rate where the risk of under-taxation is low.
The government is further following up on a request from parliament to expand the share savings account scheme, so that it also covers securities listed on Euronext Growth and other multilateral trading facilities (MTFs) – including foreign, non-listed shares.
For the aquaculture industry, it is proposed that the right to deduct the fee on farmed fish under the resource rent tax be limited to the same aquaculture licences that are subject to resource rent tax.The government proposes to tighten the right to deduct the fee on farmed fish under the resource rent tax, so that it only applies to the licences that are actually subject to resource rent tax. The change is intended to remove unequal treatment between companies and is proposed to take effect from 2027.
Also read: Corporate taxation in the 2027 state budget
Also read: International taxation in the 2027 state budget
The government proposes to further reduce the VAT exemption for electric cars: the price threshold for VAT exemption on the sale and leasing of electric cars is reduced from NOK 300,000 to NOK 150,000, with effect from 1 January 2027.
In the area of excise duties, an ordinary price adjustment is proposed for 2027, which results in higher duty rates on, among other things, alcohol, tobacco, road use, greenhouse gas emissions and lubricating oil. At the same time, administrative responsibility for the CO2 tax on petroleum activities is transferred to the Norwegian Tax Administration when the new Excise Duties Act enters into force on 1 January 2027.
In the area of customs duties, the government proposes to reduce the remaining customs duty on clothing and textiles to a common rate of 5%, in order to even out the unequal treatment between Norwegian importers and foreign online stores using the VOEC scheme. It is also proposed to set the customs duty at 0% for seven tariff items within fish and maritime products.
Also read: VAT, excise duties and customs in the 2027 state budget
The rules on tax-paid-in capital are still under consideration by the Ministry of Finance. The consultation showed broad support for changing the rules, but the consultation bodies disagree on which of the two outlined alternatives is best. No changes are therefore proposed to take effect from 1 January 2027, as the consultation paper originally envisaged – the question will instead be addressed as part of a tax settlement following on from the Tax Commission's recommendations.
The government further announces that it will retain the current scheme of norm prices and the Price Council for aquaculture also for the 2027 income year, despite a request from the Storting to abolish the scheme. The Ministry will circulate a proposal for consultation in spring 2027, with a view to a closer assessment in the 2028 national budget.
Also read: Matters under review in the 2027 national budget
The national budget still has to be adopted by parliament, where the Støre minority government depends on support from other parties to have the budget approved. This may entail changes. We nevertheless expect only minor changes in taxation in the budget settlement, pending the negotiations relating to the tax settlement following the Tax Commission's proposal.
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