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TAX RATES

Tax rates and limits – 2016

 

Tax on ordinary income

Persons 25,0%
Persons in Finnmark og Nord-Troms 21,5%

Bracket tax

Level 1 - Amounts exceeding NOK 159 800 0,44%
Level 2 - Amounts exceeding NOK 224 900 1,7%
Level 3 - Amounts exceeding NOK 565 400 10,7%
Level 3 - Finnmark and Nord-Troms NOK 565 400 8,7%
Level 4 - Amounts exceeding NOK 909 500 13,7%

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 49 650

Wealth tax

State NOK 0 - 1 400 000 0%
State NOK 1 400 001 - 0,15%
Municipality NOK 0 - 1 400 000 0%
Municipality NOK 1 400 001 - 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

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

https://www.regjeringen.no/no/tema/okonomi-og-budsjett/skatter-og-avgifter/skattesatser-fradrag-og-belopsgrenser-i-2016/id2457143/

 

TAX RATES

Tax rates and limits – 2015

 

Tax on ordinary income

Persons 27,0%
Persons in Finnmark og Nord-Troms 23,5%

Surtax

Level 1 - Amounts exceeding NOK 550 550 9,0%
Level 1 - Finnmark and Nord-Troms NOK 550 550 7,0%
Level 2 - Amounts exceeding NOK 885 600 12,0%

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 49 650

Wealth tax

State NOK 0 - 1 200 000 0%
State NOK 1 200 001 - 0,15%
Municipality NOK 0 - 1 200 000 0%
Municipality NOK 1 200 000 - 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

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

https://www.regjeringen.no/nb/tema/okonomi-og-budsjett/skatter-og-avgifter/Skattesatser-2015/id2005680/

 

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