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On Tuesday night, the government parties and the Progress Party agreed on a state budget for 2021.
There, the latter had an impact on a series of tax cuts, as a means of limiting trade leakage to neighboring countries, that is, typically in product groups that many trade elsewhere than in Norway.
Among other things, taxes on alcohol and tobacco will be reduced by 10 and 25 percent, respectively, starting next year.
– Hardly seen the game (børsen.no)
Cheaper chocolates and sweets
Another tax that has been in the air in recent years is the much talked about sugar tax, or more precisely tax on chocolate and confectionery.
The original government proposal was to increase this from NOK 21.22 per kilo to NOK 21.96 per kilo, but after negotiations with FrP, the tax on the final state budget for 2021 will be completely eliminated. In other words, chocolate and other sweets should be cheaper to buy at the store.
Currently, the tax on chocolate and sugary products is NOK 21.22 per kilo. If you buy a 200 gram chocolate bar, the fee is, in other words, NOK 4.24. In addition, there is also VAT (15%) on excise duties, bringing the total to NOK 4.88.
With the original proposal, where the tax was increased to NOK 21.96 per kilo, the tax would have been NOK 5.05.
Five crowns cheaper?
So you can expect such a chocolate bar to be around five crowns cheaper over the New Year, given that stores only dispose of it outright without making other price adjustments.
For a small chocolate like Kvikk Lunsj, which weighs 47 grams, the tax cut will be equivalent to just over a crown.
