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Close Relationship between Norway and the European Union
Norway’s relationship with the EU is anchored by the European Economic Area (EEA) Agreement, which extends the EU’s internal market to Norway, Iceland, and Liechtenstein. This enables the free flow of goods, services, capital, and people between Norway and EEA countries. The agreement ensures fair competition through shared rules on bidding, state aid, and government procurement, with harmonized standards on packaging, labeling, and product requirements.
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Business Convenience
Norway ranks 25th in the global ease of doing business index. There are various incentives in Norway, including tax breaks and subsidies for R&D activities in the energy and petroleum sectors.
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Transportation Hub
Norway is surrounded by sea on all sides, allowing for cost-effective transportation through commercial vessels. Consequently, Norway presents thriving trade opportunities.
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Political Stability
According to the International Transparency Index, Norway is one of the least corrupt countries in the world. It ranks fifth in combating corruption and money laundering.
Tax Info
Enter Dynamic Page- General CIT Rate
- 22 (25% of some companies in the financial sector).
- CIT Return Due Date
- At the end of May of the next fiscal year (according to the oil tax system, the end of April). Other requirements may apply to specific business sectors, such as hydroelectric power.
- CIT Payment Due Date
- Tax arrears must be paid within three weeks after the assessment is announced.
- CIT Estimated Payment Due Date
- February 15 and April 15.
- General VAT Rate
- 25
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 21.41%
- Composite Effective Marginal Tax Rate
- 23.11%
Administrative Regions
- 01 - Østfold
- 02 - Akershus
- 03 - Oslo
- 04 - Hedmark
- 05 - Oppland
- 06 - Buskerud
- 07 - Vestfold
- 08 - Telemark
- 10 - Vest-Agder
- 11 - Rogaland
- 12 - Hordaland
- 14 - Sogn og Fjordane
- 15 - Møre og Romsdal
- 16 - Sør-Trøndelag
- 17 - Nord-Trøndelag
- 18 - Nordland
- 19 - Troms
- 20 - Finnmark
- 21 - Svalbard
- 22 - Jan Mayen
- 50 - Trøndelag
Belonging Jurisdiction
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NO - Norway
Kingdom of NorwayLearn MoreKingdom of Norway -
EEA - European Economic Area
European Economic AreaLearn MoreEuropean Economic Area -
WORLD - Global
EarthLearn MoreEarth
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