Start here: A beginner's guide to Norwegian tax for expats. There is a common belief that tax in Norway is sky high and you will turn over up to half of your income to the Government. Unless you are extraordinarily wealthy, that is unlikely to be the case. Where tax revenue is spent First things first. Although tax rates may be higher than you are used to (although this is by no means certain), … [Read more...]
Tax in Norway
Paying taxes in Norway is a fact of life, but it's not as expensive as you might think. There are many ways to reduce your tax bill.
How much tax will you be paying this year? Perhaps it could be less than you think with our top expat tax tips. It's that time of the year again when we get out the calculators to discover just how much we owe the Norwegian government for the pleasure of living here. Over the last few days, you should have received your tax return in your Altinn inbox. If you haven't received one yet, keep your … [Read more...]
In an attempt to encourage employment, growth and a structural adjustment in the economy, Norway's centre-right coalition government has announced big tax cuts in the 2016 budget proposal. “The 2016 fiscal budget will help dampen the macroeconomic effects of the decrease in activity in the petroleum sector, while allowing for necessary structural adjustments. Our main challenge is to create new … [Read more...]
British and Dutch workers who live at home and commute to work in Norway should be aware of a law change that could result in a significant wealth tax bill from the Norwegian government. I emphasise - could. Norwegian residents, and those considered tax resident in Norway, have to pay wealth tax of up to 1% on their global assets over 1,000,000 NOK (about 100,000 GBP or 125,000 EUR). Up … [Read more...]