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Norway: Tax measures in enacted 2026 budget bill

Corporate tax and VAT rates unchanged

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february 9, 2026

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

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