Norway
| Category | Rank | Score |
|---|---|---|
| Overall Rank | 10 | 70.63 |
| Corporate Taxes | 11 | 66.62 |
| Individual Taxes | 13 | 69.86 |
| Consumption Taxes | 18 | 67.78 |
| Property Taxes | 15 | 64.08 |
| Crossborder Taxes | 11 | 82.42 |
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