Denmark
Iceland
Norway
Finland
Sweden
Menu

Do you live in Norway and have interest income/ interest expenses in another Nordic country?

This applies to you who live in Norway and receive interest income from another Nordic country, or pay interest to a creditor in another Nordic country.

Interest income 

Interest income from another Nordic country is taxable in Norway pursuant to the same rules that apply to interest income from a Norwegian source.

In this context, interest income means income from financial assets, including interest on bank deposits and bond unit trusts.

You do not pay tax on interest in the source country. If tax has erroneously been withheld at source in another Nordic country, you can request to have the amount refunded. Contact the tax authorities or the payer of interest for more information.

Interest expenses

If you are tax resident in Norway you are entitled to deduct interest you pay on loans. This also applies to loans from abroad. You must be able to document any interest paid to a foreign creditor when claiming the deduction in your tax return.

There are limitations in the right to deduct interest on debt if you own real property abroad that is exempt from taxation in Norway pursuant to a tax treaty. This applies when you are resident in another country according to the tax treaty. (The limitations in the right to deduct interest on debt also appliy if you are a resident in Norway and own real property in some non-Nordic countries.)

Select the other country here:   Denmark | Iceland | Finland | Sweden
Menu
 
Logo