Norway, Western Europe’s biggest oil producer, proposes overhauling how it taxes the companies that extract petroleum from fields off its coast.
The depreciation and uplift rules in the special tax for petroleum will be replaced by immediate expense recognition of investments, or cash flow tax, from 2022, Finance Minister Jan Tore Sanner told reporters in a snap press conference in Oslo. The changes are estimated to increase central government revenues by about 7 billion kroner ($810 million) over time for investments made in 2022.
"industry" - Google News
September 01, 2021 at 12:05AM
https://ift.tt/3ByD4OJ
Norway Weighs Tighter Taxation of Oil Industry as Election Looms - Bloomberg
"industry" - Google News
https://ift.tt/2RrQtUH
https://ift.tt/2zJ3SAW
Bagikan Berita Ini
0 Response to "Norway Weighs Tighter Taxation of Oil Industry as Election Looms - Bloomberg"
Post a Comment