TAX RATES

Here you find tax rates and limits for the income years 2020 and 2019.

Tax rates and limits – 2020

Tax on ordinary income
Persons 22,0%
Persons in Finnmark og Nord-Troms 18,5%

Bracket tax
Level 1 - Amounts exceeding NOK 180 800 1,9%
Level 2 - Amounts exceeding NOK 254 500 4,2%
Level 3 - Amounts exceeding NOK 639 750 13,2%
Level 3 - Finnmark and Nord-Troms NOK 639 750 11,2%
Level 4 - Amounts exceeding NOK 999 550 16,2%

National insurance contribution
Earned income 8,2%
Pension income 5,1%
Income from self-employment 11,4%
Lower limit for paying national insurance contribution NOK 54 650

Wealth tax
State NOK 0 - 1 500 000 0%
State NOK 1 500 001 - 0,15%
Municipality NOK 0 - 1 500 000 0%
Municipality NOK 1 500 001 - 0,7%

For persons not tax resident in Norway there is no treshold for wealth tax to the municipality. The wealth tax to the municipality is calutaled from the first Norwegian krone.

Other tax rates
PAYE (Pay As You Earn) for foreign workers 25%
PAYE (Pay As You Earn) for foreign workers who are not insured in the Norwegian National Insurance Scheme 16,8%
Foreign artists and athlets 15%
Tax on pension paid to to persons not resident in Norway 15%
Tax on dividends paid to shareholders not resident in Norge (or a lower tax rate according to a tax treaty) 25%

In Norway, it is up to each municipality to establish a tax on real property. Contact your local municipality to find out if you have to pay property tax.

For more information on tax rates see

statsbudsjettet.no/Statsbudsjettet-2020/Artikler/Skattesatser-2020/

 

Tax rates and limits – 2019

Tax on ordinary income
Persons 22,0%
Persons in Finnmark og Nord-Troms 18,5%

Bracket tax
Level 1 - Amounts exceeding NOK 174 500 1,9%
Level 2 - Amounts exceeding NOK 245 650 4,2%
Level 3 - Amounts exceeding NOK 617 500 13,2%
Level 3 - Finnmark and Nord-Troms NOK 617 500 11,2%
Level 4 - Amounts exceeding NOK 964 800 16,2%

National insurance contribution
Earned income 8,2%
Pension income 5,1%
Income from self-employment 11,4%
Lower limit for paying national insurance contribution NOK 54 650

Wealth tax
State NOK 0 - 1 500 000 0%
State NOK 1 500 001 - 0,15%
Municipality NOK 0 - 1 500 000 0%
Municipality NOK 1 500 001 - 0,7%

For persons not tax resident in Norway there is no treshold for wealth tax to the municipality. The wealth tax to the municipality is calutaled from the first Norwegian krone.

Other tax rates
PAYE (Pay As You Earn) for foreign workers 25%
PAYE (Pay As You Earn) for foreign workers who are not insured in the Norwegian National Insurance Scheme 16,8%
Foreign artists and athlets 15%
Tax on pension paid to to persons not resident in Norway 15%
Tax on dividends paid to shareholders not resident in Norge (or a lower tax rate according to a tax treaty) 25%

In Norway, it is up to each municipality to establish a tax on real property. Contact your local municipality to find out if you have to pay property tax.

For more information on tax rates see

statsbudsjettet.no/Statsbudsjettet-2019/Artikler/Skattesatser-2019/