Taxation in Norway

A. AT A GLANCE - MAXIMUM RATES

Income Tax Rate (%)                    41.7
Capital Gains Tax Rate (%)             28
Net Worth Tax Rate (%)                 1.1
Inheritance and Gift Tax Rate (%)      30

B. INCOME TAX - EMPLOYMENT

1. Who Is Liable
Individuals resident in Norway are subject to tax on their world-wide income. Non-residents are taxable on Norwegian-source income only. Wages and remuneration may be considered Norwegian-source even if an employer has no permanent establishment in Norway.

Persons staying in Norway for more than six months are considered resident in Norway for tax purposes. Individuals are deemed to remain resident even if they move abroad, unless their stay exceeds four years. However, if the stay exceeds one year and the individual establishes domicile for tax purposes in that country, the individual is no longer considered resident in Norway. Special rules may apply to individuals working on the Norwegian Continental Shelf.