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Norway Provides Overview of Tax Changes in 2025

02 January 2025

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Approved Changes

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Norway

The Norwegian government has published an overview of various tax-related changes that apply from 1 January 2025. Some of the main changes include the following: The standard personal income tax allowance is increased from NOK 88,250 in 2024 to NOK 108,550; The upper limit for the minimum standard deduction from salary/national insurance and pension are reduced from NOK 104,450 and NOK 86,250, respectively, to NOK 92,000 and NOK 73,150; The national insurance (social security) contribution rates are adjusted, including a reduction in the rates for wages/salary and business income from 7.8% and 11.0%, respectively, to 7.7% and 10.9%, with the...