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Dividend tax in Norway 2026
Norway taxes dividends by grossing them up 1.72× and applying the 22% rate — an effective 37.84% — deliberately aligning the total company-plus-shareholder burden with top salary taxation.
Before any tax, a 'shielding deduction' — a safe-rate slice of a yearly-set safe rate (3.6% for 2025) computed on your purchase price — comes off tax-free each year, and unused shielding carries forward with the share.
At a glance
- top rate
- 37.84% effective (22% × 1.72)
- entry band
- 0% on the shielding (risk-free return) slice
- tax year basis
- Calendar year
- filing deadline
- Pre-filled return; no separate dividend withholding for residents
- residency basis
- Residents: worldwide dividends, same multiplier
- regime flag
- Interest stays at plain 22%
Rates
How investment income is taxed (2026)
| Rate | Base | Applies to |
|---|---|---|
| 37.84% effective | Dividend × 1.72 at 22%, after shielding | Norwegian and foreign dividends of individuals |
| 22% | Gross | Interest income and royalties |
| 22% (37.84% on excess) | Interest above a norm rate | Shareholder loans to own companies — recharacterised as dividends |
| 37.84% effective | Loan amount | Borrowing from your own company counts as a dividend distribution |
Thresholds & allowances
- Shielding deductionRisk-free return (3.6% for 2025) on each share's cost
Set every January for the prior year; unused amounts carry forward per share
Residency
Residency trigger
Residents pay the grossed-up rate on dividends worldwide, with foreign withholding credited.
Non-resident treatment
Non-residents outside the European Economic Area (EEA) face 25% withholding on Norwegian dividends (treaty-reducible); EEA individuals can claim the shielding deduction to cut the effective take.
Notes
- Company loans to shareholders are taxed as dividends when drawn — small carve-outs exist (under NOK 100,000 repaid within 60 days, bank credit).
- Repaid shareholder loans convert to equity and raise the share's cost basis.
- The 1.72 multiplier keeps dividend taxation moving in step with the corporate rate — combined company-plus-owner burden sits near 51.5%.
FAQ
What is the dividend tax rate in Norway?
An effective 37.84% — dividends are multiplied by 1.72 and taxed at the 22% flat rate — after a tax-free risk-free-return slice (the yearly-set safe rate; 3.6% for 2025) on your invested cost.
Is interest taxed like dividends in Norway?
No — ordinary interest is taxed at the plain 22% without the 1.72 multiplier; only above-market interest on loans to your own company is recharacterised.
Figures: tax year 2026, compiled from public sources. Not tax advice.