Taxation

Value Added Tax (VAT) applies and the rate is 25 per cent, those not included:

• education
• financial services
• legal services
• insurance
• 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
• petrol.

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.