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Norway
Individual - Sample personal income tax calculation
Last reviewed - 23 January 2024
Typical tax computation for 2022 for an individual
Tax computation
Standard (NOK)
Salary
900,000
Company car
94,990
Personal income
994,990
Capital gains (e.g. dividends, sale of shares)
5,000
Interest on bank deposit
2,500
60% adjustment of income from shares
3,000
Minimum deduction
(109,950)
Interest expenses on mortgage and loss
(40,000)
Travelling costs to and from work (less NOK 14,000)
(4,000)
Ordinary income (net income)
851,540
Personal deduction
(58,250)
Bracket tax (1.70% of personal income in excess of NOK 190,350, 4.00% in excess of NOK 267,900, 13.40% in excess of NOK 643,800, 17.40% in excess of NOK 969,200, and 17.2% in excess of NOK 2 million)
64,188
Social security (8.0% of personal income)
79,599
Income tax (22% of ordinary income less personal deduction)
174,524
Total tax and social security (includes tax on dividends, sale of shares, interests)
318,310
Net cash income after taxes (does not include dividends, sale of shares, interests)
581,690
Employer’s contribution to social security (14.1%)