What is Norwegian Wealth Tax?

Do you have to pay wealth tax?

In Norway, a wealth tax is imposed on individuals, calculated on the basis of their net wealth. This tax is applied to the aggregate value of an individual’s possessions, such as real estate, bank savings, shares, bonds, and other fiscal assets, after deducting any liabilities.

For foreigners moving to Norway this tax can have unforseen tax consequenses. 

If you're subject to this tax, we believe it's beneficial for you to grasp its workings. In this guide, we'll illuminate the Norwegian Wealth Tax and aid your understanding of it.

In this guide:

• Wealth tax basis
• Valuation discount
• Asset breakdown
• Residence comparison
• Shares
• Bank deposits
• And more

This guide is written for foreign individuals currently living in Norway or planning to move to Norway permanently.