Value Added Tax (VAT) applies and the rate is 25 per cent, those not included:
- financial services
- legal services
- passenger transport
- property leasing.
The 27 per cent corporate tax on profits applies to foreign owned and Norwegian owned enterprises. Excise duties and similar taxes are levied on:
- alcoholic and non-alcoholic beverages
- tobacco manufactures
- chocolate and sugar confectionery
- motor vehicles
Other taxes may apply. For more information, visit the Norwegian Tax Administration.
Those considering doing business in Norway should seek advice from a tax professional specific to their individual circumstances.