What are the Norwegian trinnskatt rates for 2024?

Trinnskatt (step tax) brackets: 1.7% at 208,050-292,850 NOK; 4% at 292,850-670,000 NOK; 13.6% at 670,000-937,900 NOK; 16.6% at 937,900-1,350,000 NOK; 17.6% above 1,350,000 NOK.

What is trygdeavgift?

National insurance contribution (trygdeavgift): 7.9% on wages and self-employment income, 5.1% on pension and other income. Minimum income threshold: 55,000 NOK (no trygdeavgift below).

How is total Norwegian income tax calculated?

Total tax = 22% flat general income tax + trinnskatt (graduated) + 7.9% trygdeavgift. Deduct standard deduction (minstefradrag: 46% of income, max 109,950 NOK) and personal deduction (personfradrag: 79,600 NOK).

What is the Norwegian wealth tax?

Formuesskatt: 1% on net wealth above 1,700,000 NOK (municipal: 0.7%; state: 0.3%). Primary residence valued at 25% of market value. Other property at 100%. Businesses valued at 80% (with controversies).

Are dividends and capital gains taxed in Norway?

Capital gains and dividends: taxed at 22%, but a shielding deduction (skjermingsfradrag) is applied. Effective rate 35.2% due to multiplied rates for closely held companies (aksjonærmodellen).

Norway Trinnskatt and Trygdeavgift Income Tax Calculator 2024

Calculate Norwegian income tax: general income tax (22%), step tax (trinnskatt, 1.7-17.6%), and social security contribution (trygdeavgift, 7.9% wages). Total marginal rate up to 47.4%. Wealth tax on high net worth.

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