For those of you considering moving to Norway
There are often a number of factors to consider when contemplating a new domicile. Taxes may be one of them. We can provide you with an overview of the most basic personal taxation rules in Norway.
39,6
Marginal tax rate
183
Tax immigration rule
1 - 1,1
Wealth tax
General information on personal taxation in Norway – updated per 2024
What are the requirements when establishing tax residency in Norway?
Individuals staying in Norway in excess of 183 days during a 12-month period, or 270 days during a 36-month period, are considered to have immigrated and are thus tax residents.
Should the number of days spent in Norway exceed 183 during the first year, residency status is established with effect from day one. If the number of days spent in Norway exceeds 183 days in the course of the second year, residency status is established with effect from January 1 of that year.
What income is taxable in Norway?
Resident taxpayers are taxed on global income in Norway, whereas non-resident taxpayers are taxed solely on income sourced in Norway.
Which tax rates apply in Norway?
The standard tax rate in Norway is 22%. In addition, there are progressive rates on personal income (salary and pension income), varying from 1.7 to 17.6%, corresponding to a marginal tax rate of 39.6%.
Social security contributions are respectively set at 7.8% and 5.1% of salary and pension income. Higher rates (up to 11%) apply to self-employed individuals.
Capital income is taxed at 22%. Capital gains from the sale of shares and dividends are subject to a multiplication factor of 1.72, providing an effective tax rate of 37.84%.
Do Norwegian tax authorities grant tax credit relief on foreign taxes?
Norway does allow a tax credit relief for tax paid abroad, up to the equivalent Norwegian tax on corresponding income.
Is there a wealth tax in Norway?
Norway does have a wealth tax. The rate is 1% on net wealth exceeding NOK 1.7 million, and 1.1% on net wealth exceeding NOK 20 million.
When does the tax year in Norway commence?
The tax year follows the calendar year in Norway.
On which date must tax returns in Norway be submitted?
Personal tax returns in Norway must be submitted by April 30 of the year following the tax year. An extension of this deadline to May 31 may be granted.
What is the name of the tax authorities in Norway?
The name of the tax authorities in Norway is Skatteetaten (Norwegian Tax Administration).
How many countries does Norway have tax treaties with?
Norway has tax treaties with approximately ninety countries. The following is a list of these countries.
Is there a property tax in Norway?
Norway does have a property tax at a municipal level, with rates varying from 0.1 to 0.7%. However, some municipalities do not apply property tax at all.
Is there a stamp duty in Norway?
As a general rule, stamp duties are charged on transfers related to real estate. The rate is 2.5% and is determined based on the market value of the property.
Is there an inheritance tax in Norway?
Norway does not have an inheritance tax.
