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.