Norway: Tax measures in enacted 2026 budget bill
Corporate tax and VAT rates unchanged
The Parliament in December 2025 approved the 2026 budget bill, which maintained the 22% corporate tax rate and value added tax (VAT) rates, but introduced the following tax changes:
- Increased individual (personal) allowance (NOK 114,540) and revised bracket thresholds
- Increased municipal wealth tax rate (0.75%)
- Decreased electricity tax
For more information, contact a KPMG tax professional in Norway:
Thor Leegaard | thor.leegaard@kpmg.no