Sorry to start another "how much tax" thread... But I'm still not clear on a few things. I'm going to be working in Norway on a contract basis for several months (initially), at a per annum rate of 780000NOK. I have a spouse and 3 small kids. How do I calculate the tax rate? Also, I am not planning on buying a home.
Calculating tax
GMESP
15 August 2015 17:25:50
2
Ocean127
16 August 2015 12:21:23
34
- skatteetaten.no/en/International-pages/If-you-work-in-Norway-you-need-to/Norwegian-employer/Norwegian-employer/Brochures/Information-for-foreign-employees-and-Norwegian-employers-of-foreign-employees-About-tax-tax-deduction-cards-and-tax-returns/?chapter=6641
this is how tax is calculated in Norway
but average for 780 000 , use 36% of every thing you earn you will end up close, as long as you do not have any special issues, ( special requirements or deduction or special extra tax reasons.)
remember you have to apply for the 10% standard deduction for the first 2 years in Norway, it does not come automatically, to get it you have to register it in your tax return document.
regards,
GMESP
17 August 2015 17:24:05
2
Thank you! Am I correct in thinking that the 7.8% for health care is in addition to the 36%?
Ocean127
17 August 2015 18:56:38
34
36% is average including every thing.
if you have 100% normal job, average number of hours including (paid vacation) is around 1800 hours per year.
this determines your total basic salary
salary under 800 000 , approx 36% of the total salary, will end up close to that,
this should include every thing.
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