Inntektskatt

Inntektskatt is the Norwegian term for income tax. It is a tax levied on the income earned by individuals and businesses. This tax is a significant source of revenue for the Norwegian government, funding public services such as healthcare, education, and infrastructure.

There are different types of income tax in Norway. For individuals, this includes tax on earned income, such as salaries and wages, as well as tax on capital income, which encompasses earnings from investments, dividends, and rental properties. Businesses also pay income tax on their profits. The tax rates can vary depending on the type of income and the taxpayer's overall income level.

The Norwegian tax system is progressive, meaning that those with higher incomes generally pay a larger proportion of their income in taxes. Deductions and allowances are available to reduce the taxable income for both individuals and businesses, aiming to provide some relief and encourage certain economic activities. The administration of income tax is handled by the Norwegian Tax Administration (Skatteetaten), which is responsible for assessment, collection, and ensuring compliance with tax laws. Understanding the principles and regulations of inntektskatt is crucial for residents and businesses operating in Norway.