In the 2024 budget, announced on 18th December 2023, the new tax rates for the Road Traffic Insurance Tax, which is included in the Excise Duties Act, have been set. The new rates are applicable from 1st March 2024. Except for Group f): motor vehicles that only use electricity for propulsion, the daily fixed rates were reduced.
Norway: Road Traffic Insurance Tax Rate change
Edit Buliczka
January 11, 2024
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Author
Edit Buliczka
Edit Buliczka is a Regulatory General Counsel at Sovos EMEA specializing in Insurance Premium Tax. A Hungarian registered tax expert and chartered accountant with a background at Deloitte, KPMG, and AIG, she has been with Sovos since 2016, tracking IPT legislative changes across Europe.
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