ExpatBriefing: Norway Proposes Simpler Tax Rules For Foreign Workers
By Hans Esser, for ExpatBriefing.com 16 May, 2018
The Norwegian Government has proposed changes to the tax rules for foreign workers in Norway, which it says are complex and difficult to administer.
Under current rules, expatriate workers may choose to apply a standard deduction of 10 percent to their gross salary, up to an annual limit of NOK40,000 (USD5,000). Generally, the deduction can be claimed in the first two years of a taxpayers residence in Norway.
However, by electing to utilize this deduction expat taxpayers forgo deductions for other items of expenditure, such as commuting costs and interest payments.
Under the new proposals, announced as part of the 2018 Budget on May 15, the Government wants to introduce an alterative scheme under which the income of foreign workers would be taxed at a flat rate of 25 percent with no deductions.
Taxpayers could opt into the flat tax regime voluntarily, or continue to compute their taxes under existing income tax rules.
If approved by parliament, the new rules would apply from 2019.
Tags: Expatriates | Tax | Interest | Budget | Norway | Tax Breaks | Individual Income Tax | Tax |
Your Guide To Understanding Financial Jargon And The Market
The more uncertainty there is in global financial markets, it seems the more voices there are using complicated language... Read more
What Is A Provisional Assessment And What Are Its Pros And Cons?
In this article, Viviënne Wormsbecher from Blue Umbrella explains what a provisional assessment in the Netherlands look... Read more
Dealing With Micro-stressors When Moving To A New Country
Much is written and spoken about the large stressful changes you must deal with when moving to a new country, such as ho... Read more
Tokenisation: How To Digitalise Your Dutch Company
Looking to digitalise the assets from your Dutch company? Dennis Vermeulen from House of Companies defines tokenisation... Read more
The Ins And Outs Of Dutch Culture: Your Guide To Integration
In this guide from international moving company AGS Global Solutions Netherlands, they explore the essential tips for ad... Read more
Job Interviews In The Netherlands: A Guide For Internationals
Are you currently looking for a new job as an international in the Netherlands? The team from Undutchables presents this... Read more