Defer payment of net wealth tax calculated on business assets

You can defer payment of net wealth tax calculated on business assets for up to three years. You must submit a separate application to defer payment.

Does this apply to me?

You can defer payment of net wealth tax calculated on business assets if you're a private individual and the amount to be deferred is NOK 30,000 or more.

You can only defer payment for the part of net wealth tax that has been calculated on business assets. Business assets means wealth such as:

  • shares
  • share savings accounts
  • ownership interests in companies assessed as partnerships
  • fixed assets in a sole proprietorship
  • commercial properties in a sole proprietorship

Deferring advance tax

If you're going to pay advance tax, you can defer the part that is net wealth tax calculated on business assets. When you defer advance tax, the instalment amount is reduced.

The threshold amount of NOK 30,000 applies to all the instalments in total, not each individual instalment. When you apply to defer payment, this applies to the remaining instalments in the income year. You cannot defer the payment of tax that you've already paid.

Deferring withholding tax

If you pay withholding tax, meaning  tax is deducted from your salary each month before it is paid out, you can defer the part that is net wealth tax calculated on business assets. When you defer withholding tax, the amount deducted from your salary each month will be lower.

You cannot defer the payment of tax that you've already paid.

Special interest rate for deferred tax

Deferred payment of net wealth tax calculated on business assets is subject to a special interest rate.

The interest rate is based on Norges Bank’s (Central Bank of Norway) key policy rate, with a mark-up of 5 percentage points. If the key policy rate is 4.25 percent, this means that the interest rate for deferred tax is 9.25 percent.

 

After 1 year: NOK 54,625

After 2 years: NOK 59,677.81

After 3 years: NOK 65,244.19

You must pay: NOK 65,244.19

How to apply

Before you apply

Find the amount you wish to defer. To find the amount, you must add the taxable value of the business assets and multiply with a tax rate of 1.1 percent. If you're not sure about the amount, but wish to defer as much as possible, you can let us know in the application.

You can defer the entire amount or parts of it, but the amount must be at least NOK 30,000 for you to apply.

You have a net wealth of NOK 20 million. You own shares, and the value of these is NOK 12 million.

To find the amount you can defer, you must multiplicate the business assets with a tax rate of 1.1 percent. In this case, the result is as follows:

NOK 12,000,000 x 1.1 percent = NOK 132,000

Log in, complete, and submit the application

  1. Log in.
  2. If you're asked whom you wish to represent, you select yourself.
  3. For Category, select Private and business activity.
  4. Once you have selected the category, you can select the income year for which you're applying. The earliest year you can apply for is 2026. 
  5. Answer No to the question of whether you're contacting us on behalf of someone else. 
  6. In the text field, state that you're applying to defer  net wealth tax calculated on business assets and the amount you wish to defer.

 

This happens after you’ve applied

When you've submitted the application, we’ll process it. Once we’ve processed your application, we'll send you a confirmation that payment has been deferred, and you’ll receive a new tax deduction card with updated numbers.

Advance tax

If your application to defer payment of advance tax has been granted, you'll see in the tax deduction card that the amount you have to pay has decreased.

Withholding tax

If your application to defer payment of withholding tax has been granted, you'll see in the tax deduction card that the estimated amount for deduction has decreased.

When it’s time to pay

When your application to defer the tax is granted, payment is deferred for three years. Once the three years have passed, you'll receive an invoice stating the amount that you owe, including interest.

Do you want to pay after all?

You can pay the tax that you owe at any time, even if you've deferred payment.

To pay earlier, you must contact us and we’ll send you an invoice.

Read more about the scheme