Norway – COVID-19 cost savings and cash flow opportunities

On Friday 13 March 2020, the Government proposed a series of urgent measures to reduce the financial consequences of the ongoing coronavirus outbreak (COVID-19). Below are the details. Note that these proposals will be considered by the Parliament and that there may be changes.

The Government also reports that this is the first phase of a series of measures that will be taken. Below you will also find news from The Central Bank of Norway and The Financial Supervisory Authority of Norway. 

Find more information on the following topics and PwC Norway’s Tax Blog here.

  • Corporate Tax
  • Pension
  • Competence
  • Increased grants to municipalities
  • Indirect airline taxes are temporarily removed
  • Changes from The Central Bank of Norway
  • Postponement with payment of advance tax
  • Reporting Deadlines

PwC Norway has publishes one more blog post on the following topics:

  • Corporate Tax
  • VAT – emergency assistance to hotels, airlines, other operators with passenger transport, cinemas etc. and deferred payment of VAT
  • Sick Pay
  • Care benefit
  • Temporary lay-off
  • Self-employed and freelancers
  • Payroll Tax
  • Economic rescue package

Click here to open the Blog.

For any further questions or information please contact the following person.

Espen QvistHead of international indirect tax
Partner at PwC Norway
Email : espen.qvist@pwc.com

Image Source: http://unsplash.com

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