Norway

Norway's Rankings
CategoryRankScore
Overall Rank1966.21
Corporate Taxes1265.94
Individual Taxes1372.52
Consumption Taxes1869.3
Property Taxes2458.54
International Tax Rules2074.55

Norway ranks 19th overall on the 2019 International Tax Competitiveness Index, the same as in 2018.


Strengths

  • Norway allows corporate losses to be carried forward indefinitely, allowing businesses to be taxed on their average profitability.
  • 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 has a progressive tax system with a combined top rate on personal income of 46.6 percent.
  • Norway applies its Controlled Foreign Corporation rules to both passive and active income.

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