Norway Tax Overview

Norwegian tax system at a glance

Norway operates a dual income tax system administered by the Norwegian Tax Administration (Skatteetaten), combining a flat tax on ordinary income with a progressive bracket tax on personal income. This section gives the headline parameters; later topics provide detail.

• Tax authority — Norwegian Tax Administration (Skatteetaten) (Tax Administration Act (Skatteforvaltningsloven))
• Tax year — Calendar year (1 January to 31 December) (Tax Act (Skatteloven))
• Currency — Norwegian krone (NOK) (Tax Act (Skatteloven))
• Basis of taxation — Residents taxed on worldwide income; non-residents taxed on Norwegian-source income only (Tax Act (Skatteloven))
• Flat tax on ordinary income (alminnelig inntekt) — 22 percent (Tax Act (Skatteloven))
• Top marginal rate on personal employment income (ordinary 22% + top bracket tax 17.8% + national insurance 7.9%) — Approx 47.4% marginal on wage income at the top bracket percent (approx — confirm) (Tax Act (Skatteloven); National Insurance Act (Folketrygdloven))
• Standard corporate income tax rate — 22% (25% for financial-sector companies) percent (Tax Act (Skatteloven))
• Does Norway levy VAT? — Yes — VAT (merverdiavgift, MVA) standard rate 25% percent (VAT Act (Merverdiavgiftsloven))
• Personal tax return filing deadline — 30 April following the income year (Tax Administration Act (Skatteforvaltningsloven))
• Net wealth tax — Yes — Norway levies a municipal + state net wealth tax on individuals (combined rate around 1.0%–1.1% above the threshold) percent (approx — confirm) (Tax Act (Skatteloven))