Tax rates Norway 2021
The tax percent in Norway depend on the income and it is determined with basic income tax and bracket tax.
All employees working in Norway will, as a general rule, be taxable to Norway. Exemptions may occur in the tax law or in a tax treaty.
The income tax for 2021 is 22 % of net income after deductions
If your gross income exceeds NOK 184 800 a year or gross NOK 15 400 a month, a progressive bracket tax is levied on top of the 22 % income tax. The tax rates for the bracket tax 2021 are:
|
Step |
Annual income between |
Tax rate |
|
|
NOK 0 – 184 800 |
0 |
|
1 |
NOK 184 800 – 260 100 |
1,7 % |
|
2 |
NOK 260 100 – 651 250 |
4 % |
|
3 |
NOK 651 250 – 1 021 550 |
13,2 % |
|
4 |
NOK 1 021 550 and above |
16,2 % |
If you are not resident in Norway for tax purposes, the bracket limits are reduced according to number of months, i.e. if you are present in 5 months the bracket starts at NOK 77 000 (5/12, 15 400 x 5).
Please notice that special tax rules apply for persons living in the county Troms and Finnmark.
In addition to the income tax, employees working in Norway are obligated to pay national insurance contribution to Norway. For the income year 2021 the rate is 8,2%. Exemptions can be found in the Act.
More information about taxes in Norway on the Magnus Legal blog:
Contact: Inger Lise Løvnseth
