Flag of Norway>

Economy and Banking Sector of Norway

Withholding Tax

Withholding taxes are imposed at source of income and are often applied to dividends, interest, royalties, rent and similar payments. The rates of withholding tax are often reduced by double taxation agreements.

Withholding Tax Rates in Norway: 0.0 - 25.0%

Withholding tax rates applied on payments of interest and dividends in Norway are shown in Table 1.

Dividends Interest
Natural person, resident 0.0 %0.0 %
Natural person, non-resident 25.0 %0.0 %
Table 1. Withholding tax rates in Norway.

Double Taxation Agreements

Double Taxation Agreement (DTA) is an agreement between two or more countries for the avoidance of double taxation.

DTAs of Norway: 82 Signed Agreements

Norway signed DTAs which already came info force with the following jurisdictions (for agreements which came into force after 1 January 2013 the date of coming into force is given in brackets):

 Albania
 Argentina
 Australia
 Austria
 Azerbaijan
 Bangladesh
 Barbados
 Belgium
 Benin
 Brazil
 Bulgaria
 Canada
 Chile
 China
 Cote D'Ivoire
 Croatia
 Curacao
 Cyprus
 Czech Republic
 Egypt
 Estonia
 France
 Gambia
 Georgia
 Germany
 Greece
 Hungary
 Iceland
 India
 Indonesia
 Ireland
 Israel
 Italy
 Jamaica
 Japan
 Kazakhstan
 Kenya
 Korea, Republic of
 Latvia
 Lithuania
 Luxembourg
 Macedonia
 Malaysia
 Malta (Feb 2013)
 Mexico
 Morocco
 Nepal
 Netherlands
 New Zealand
 Pakistan
 Philippines
 Poland
 Portugal
 Qatar
 Romania
 Russian Federation
 Senegal
 Serbia
 Sierra Leone
 Singapore
 Sint Maarten (Dutch part)
 Slovakia
 Slovenia
 South Africa
 Spain
 Sri Lanka
 Switzerland
 Tanzania, United Republic of
 Thailand
 Trinidad and Tobago
 Tunisia
 Turkey
 Uganda
 Ukraine
 United Kingdom (Dec 2013)
 United States
 Venezuela
 Vietnam
 Zambia
 Zimbabwe

There are also several agreements between Norway and other jurisdictions which were signed but haven't yet come into force (for agreements signed after after 1 January 2013 of signing the agreement is given in brackets):

 Bosnia and Herzegovina
 Malawi

Information Exchange

There are 3 ways for jusrisdictions to exchange information on tax matters:

  • spontaneously;
  • on request;
  • automatically.

Spontaneous exchange of information is provision of information that is forseeably relevant to another party without a request being previously sent.

Tax Information Exchange Agreements (TIEAs) enable exchange of information on request relating to a specific tax investigation, either criminal or civil.

Automatic information exchange allows jurisdictions to exchange information automatically, without having a specific tax investigation.

Exchange on Request: 44 Signed Agreements

Norway signed TIEAs which already came info force with the following jurisdictions (for agreements which came into force after 1 January 2013 the date of coming into force is given in brackets):

 Andorra
 Anguilla
 Antigua and Barbuda
 Aruba
 Bahamas
 Bahrain
 Belize
 Bermuda
 British Virgin Islands
 Cayman Islands
 Cook Islands
 Denmark
 Dominica
 Faroe Islands
 Finland
 Gibraltar
 Greenland
 Grenada
 Guernsey
 Isle of Man
 Jersey
 Liberia
 Liechtenstein
 Macau
 Marshall Islands
 Mauritius
 Monaco
 Montserrat
 Panama (Dec 2013)
 Saint Kitts and Nevis
 Saint Lucia
 Saint Vincent and The Grenadines
 Samoa
 San Marino
 Sweden
 Turks and Caicos Islands
 Uruguay (Jan 2014)

There are also several agreements between Norway and other jurisdictions which was signed but haven't yet come into force (for agreements signed after 1 January 2013 of signing the agreement is given in brackets):

 Botswana (Feb 2013)
 Brunei Darussalam
 Costa Rica
 Guatemala
 Niue (Oct 2013)
 Seychelles
 Vanuatu

Automatic Exchange: Starts in September 2017

Norway signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.

Automatic Excnange: 54 Bilateral Agreements to Receive Information

Norway has signed bilateral agreements with 54 jurisdictions to automatically receive information:

 Argentina
 Australia
 Austria
 Belgium
 Brazil
 Bulgaria
 Canada
 China
 Colombia
 Croatia
 Czech Republic
 Denmark
 Estonia
 Faroe Islands
 Finland
 France
 Germany
 Gibraltar
 Greece
 Greenland
 Guernsey
 Hungary
 Iceland
 India
 Ireland
 Isle of Man
 Italy
 Japan
 Jersey
 Korea, Republic of
 Latvia
 Liechtenstein
 Lithuania
 Luxembourg
 Malaysia
 Malta
 Mauritius
 Mexico
 Monaco
 Netherlands
 New Zealand
 Poland
 Portugal
 San Marino
 Seychelles
 Singapore
 Slovakia
 Slovenia
 South Africa
 Spain
 Sweden
 Switzerland
 United Kingdom
 Uruguay

Automatic Excnange: 68 Bilateral Agreements to Send Information

Norway has signed bilateral agreements with 68 jurisdictions to automatically send information:

 Anguilla
 Argentina
 Australia
 Austria
 Belgium
 Belize
 Bermuda
 Brazil
 British Virgin Islands
 Bulgaria
 Canada
 Cayman Islands
 China
 Colombia
 Costa Rica
 Croatia
 Cyprus
 Czech Republic
 Denmark
 Estonia
 Faroe Islands
 Finland
 France
 Germany
 Gibraltar
 Greece
 Greenland
 Guernsey
 Hungary
 Iceland
 India
 Indonesia
 Ireland
 Isle of Man
 Italy
 Japan
 Jersey
 Korea, Republic of
 Latvia
 Liechtenstein
 Lithuania
 Luxembourg
 Malaysia
 Malta
 Mauritius
 Mexico
 Monaco
 Montserrat
 Netherlands
 New Zealand
 Poland
 Portugal
 Romania
 Saint Lucia
 Saint Vincent and The Grenadines
 Samoa
 San Marino
 Seychelles
 Singapore
 Slovakia
 Slovenia
 South Africa
 Spain
 Sweden
 Switzerland
 Turks and Caicos Islands
 United Kingdom
 Uruguay

Further Information

FATCA

Foreign Account Tax Compliance Act (FATCA) which became law in the United States in March 2010, focuses on reporting made by foreign financial institutions about financial accounts held by US taxpayers or foreign entities in which US taxpayers hold a substantial ownership interest. The FATCA-reporting is facilitated by Intergovernmental Agreements (IGAs).

FATCA Status in Norway
IGA in effect since 15 April 2013, Model 1

Norway has FATCA agreement with the U.S. in effect since 15 April 2013 (Intergovernmental Agreement Model 1). Financial institutions operating in Norway are required to identify U.S. taxpayers by January 1, 2017 and to report the information for 2017 and the subsequent years. The agreement is reciprocal: Norwegian financial accounts hold in U.S. financial institutions will be reported to Norwegian authorities.

Further Information