Norway MOF Proposes Updated 2026 Tax Rates, Deductions

The Norwegian Ministry of Finance Dec. 5 announced proposals for 2026 tax rates and deductions. The proposals include measures to: 1) increase to 37,100 Norwegian kroner (US$3,659), from 36,000 kroner (US$3,551), the maximum tax deduction for pension income; 2) increase to 1.90 kroner (US$0.19) per kilometer, from 1.83 krone (US$0.18), the commuter deduction; 3) reduce to 7.6 percent, from 7.7 percent, the social security contribution rate for wage income, and to 10.8 percent, from 10.9 percent, for other business income; 4) maintain the 32.1 percent ground rent tax rate on wind power, for a 25 percent effective tax rate, and ...