Global Daily Tax News, Norway Planning Wealth Tax Deferral Scheme, (May 29, 2025)

The Norwegian Government has launched a consultation on a proposal to introduce a scheme for deferring payment of wealth tax.

The measure will enable taxpayers to defer payment of wealth tax for up to three years, with effect from the income year 2026. The proposal was announced in the state budget for 2025.

The Government said: "Access to capital in Norwegian business is generally good, and several studies show that lack of liquidity is not particularly widespread among business owners. Nevertheless, it cannot be ruled out that wealth tax may in some cases contribute to the emergence of liquidity challenges. A scheme with the right to defer payment of wealth tax could help to alleviate real, short-term liquidity challenges by ensuring that taxpayers do not have to withdraw capital from the company to pay wealth tax."

The Government is seeking input on the proposal by June 30, 2025.