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Norway Approves National Budget for 2022 Including Several Measures for Individuals

30 December 2021

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Approved Changes

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Norway

According to an update from the Norwegian parliament, the National Budget for 2022 was finalized and approved on 21 December 2021. Most of the main measures are focused on individuals, and include: The standard income tax rate is maintained at 22%; The progressive bracket tax on employment income is amended, including adjustments in the rates and the addition of a fifth top bracket as follows: over NOK 190,350 up to 267,900 - 1.7% over NOK 267,900 up to 643,800 - 4.0% over NOK 643,800 up to 969,200 - 13.4% over NOK 969,200 up to 2,000,000 - 16.4% over NOK 2,000,000...