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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 Persons (residents) 0.0 %0.0 %
Natural Persons (non-residents) 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:

AL Albania
AR Argentina
AU Australia
AT Austria
AZ Azerbaijan
BD Bangladesh
BB Barbados
BE Belgium
BJ Benin
BR Brazil
BG Bulgaria
CA Canada
CL Chile
CN China
CI Cote D'Ivoire
HR Croatia
CW Curacao
CY Cyprus
CZ Czech Republic
EG Egypt
EE Estonia
FR France
GM Gambia
GE Georgia
DE Germany
GR Greece
HU Hungary
IS Iceland
IN India
ID Indonesia
IE Ireland
IL Israel
IT Italy
JM Jamaica
JP Japan
KZ Kazakhstan
KE Kenya
KR Korea, Republic of
LV Latvia
LT Lithuania
LU Luxembourg
MK Macedonia
MY Malaysia
MT Malta
MX Mexico
MA Morocco
NP Nepal
NL Netherlands
NZ New Zealand
PK Pakistan
PH Philippines
PL Poland
PT Portugal
QA Qatar
RO Romania
RU Russian Federation
SN Senegal
RS Serbia
SL Sierra Leone
SG Singapore
SX Sint Maarten (Dutch part)
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
LK Sri Lanka
CH Switzerland
TZ Tanzania, United Republic of
TH Thailand
TT Trinidad and Tobago
TN Tunisia
TR Turkey
UG Uganda
UA Ukraine
GB United Kingdom
US United States
VE Venezuela
VN Vietnam
ZM Zambia
ZW Zimbabwe

There are also several agreements between Norway and other jurisdictions which were signed but haven't yet come into force:

BA Bosnia and Herzegovina
MW 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 :

AD Andorra
AI Anguilla
AG Antigua and Barbuda
AW Aruba
BS Bahamas
BH Bahrain
BZ Belize
BM Bermuda
VG British Virgin Islands
KY Cayman Islands
CK Cook Islands
DK Denmark
DM Dominica
FO Faroe Islands
FI Finland
GI Gibraltar
GL Greenland
GD Grenada
GG Guernsey
IM Isle of Man
JE Jersey
LR Liberia
LI Liechtenstein
MO Macau
MH Marshall Islands
MU Mauritius
MC Monaco
MS Montserrat
PA Panama
KN Saint Kitts and Nevis
LC Saint Lucia
VC Saint Vincent and The Grenadines
WS Samoa
SM San Marino
SE Sweden
TC Turks and Caicos Islands
UY Uruguay

There are also several agreements between Norway and other jurisdictions which was signed but haven't yet come into force:

BW Botswana
BN Brunei Darussalam
CR Costa Rica
GT Guatemala
NU Niue
SC Seychelles
VU 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:

AR Argentina
AU Australia
AT Austria
BE Belgium
BR Brazil
BG Bulgaria
CA Canada
CN China
CO Colombia
HR Croatia
CZ Czech Republic
DK Denmark
EE Estonia
FO Faroe Islands
FI Finland
FR France
DE Germany
GI Gibraltar
GR Greece
GL Greenland
GG Guernsey
HU Hungary
IS Iceland
IN India
IE Ireland
IM Isle of Man
IT Italy
JP Japan
JE Jersey
KR Korea, Republic of
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
MC Monaco
NL Netherlands
NZ New Zealand
PL Poland
PT Portugal
SM San Marino
SC Seychelles
SG Singapore
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
SE Sweden
CH Switzerland
GB United Kingdom
UY Uruguay

Automatic Excnange: 68 Bilateral Agreements to Send Information

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

AI Anguilla
AR Argentina
AU Australia
AT Austria
BE Belgium
BZ Belize
BM Bermuda
BR Brazil
VG British Virgin Islands
BG Bulgaria
CA Canada
KY Cayman Islands
CN China
CO Colombia
CR Costa Rica
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FO Faroe Islands
FI Finland
FR France
DE Germany
GI Gibraltar
GR Greece
GL Greenland
GG Guernsey
HU Hungary
IS Iceland
IN India
ID Indonesia
IE Ireland
IM Isle of Man
IT Italy
JP Japan
JE Jersey
KR Korea, Republic of
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
MC Monaco
MS Montserrat
NL Netherlands
NZ New Zealand
PL Poland
PT Portugal
RO Romania
LC Saint Lucia
VC Saint Vincent and The Grenadines
WS Samoa
SM San Marino
SC Seychelles
SG Singapore
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
SE Sweden
CH Switzerland
TC Turks and Caicos Islands
GB United Kingdom
UY 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