What are you liable to pay tax on in Norway?
If you're a tax resident of Norway, you'll generally be liable for tax on all your income and wealth in Norway and abroad. If you're not a tax resident, you'll only have limited tax liability for certain types of income and wealth linked to Norway.
Income tax and wealth tax are the direct taxes. We also have value added tax, which is an indirect tax.
As a tax resident of Norway, you must pay tax on income that you've earned during a calendar year. You'll be liable for tax on your salary and other income, including interest income, income from the letting of property and income from shares.
The income tax rate is 22 percent. The tax is calculated on general income, which is your total income after the deductions you're entitled to have been deducted. The amount of tax you must pay will depend on your income. People on a low income pay proportionately less tax than those with a high income.
Bracket tax is calculated on your personal income and is in addition to income tax, which is paid at the rate of 22 percent. Personal income is your salary and other similar incomes which replace salary, such as sickness benefit, work assessment allowance, disability benefit and pension. Bracket tax is calculated on gross income. This means that the deductions you're entitled to won't be deducted before bracket tax is calculated.
In Norway, the public social insurance scheme is known as ‘folketrygden’ or the ‘National Insurance Scheme’. Among other things, this scheme covers benefits from NAV and health services. In order to receive benefits under the National Insurance Act, you must be a member of the Norwegian National Insurance Scheme. If you are a member of the National Insurance Scheme in Norway, you must pay national insurance contributions.
If you're not a member of the scheme, you can be granted an exemption from the obligation to pay national insurance contributions.
National insurance contributions are calculated on your personal income. They're calculated on your gross income before the deductions you're entitled to are deducted.
You don't have to pay national insurance contributions if your income is below NOK 54,650.
In Norway, we pay tax on the wealth that we have as of 31 December in each calendar year. This wealth could for example consist of bank deposits, shares, cars and/or real property. You must pay wealth tax both to the municipality and to the State.
Wealth tax is calculated on the basis of your net wealth. Your net wealth is the wealth you have after deductible debt has been deducted.
The amount of wealth tax that you have to pay depends on the size of your wealth. See the tables and choose year.
- Tax value of your own home (primary dwelling)
- Tax value of another dwelling (secondary dwelling)
- Tax value of holiday property in Norway
- Tax value of residential/holiday property abroad
- Tax value of other housing and property
You can use our housing calculator to calculate the tax value of your housing.