Norway

Norway's Rankings
CategoryRankScore
Overall Rank1070.63
Corporate Taxes1166.62
Individual Taxes1369.86
Consumption Taxes1867.78
Property Taxes1564.08
Crossborder Taxes1182.42

Norway ranks 10th overall on the 2021 International Tax Competitiveness Index, one place better than in 2020.


Strengths

  • Norway allows corporate losses to be carried forward indefinitely and its corporate income tax rate of 22 percent is close to the OECD average (22.9 percent).
  • Compliance time associated with corporate, consumption, and individual taxes is below average.
  • Norway has a territorial tax system, with a network of 87 tax treaties.

Weaknesses

  • Corporations are limited in their ability to write off investments.
  • Norway is one of the few OECD countries that levies a net wealth tax.
  • Controlled Foreign Corporation rules are applied to both passive and active income.

Learn more about the tax system in Norway

Get email updates about global tax policy from the Tax Foundation.

Subscribe today!