Work out tax on share dividends in Norway, including the risk-free-return shelter deduction, and see how much you're left with after tax.
Share dividends to individual shareholders in Norway are taxed as ordinary income (22 %), but the amount is first grossed up by a factor of 1.72 — giving an effective maximum tax rate of 37.84 % of the gross dividend. The shelter deduction ensures that a risk-free return on your investment stays tax-free, and so reduces the taxable dividend.
The shelter deduction ensures that a risk-free return on your investment isn't taxed. It's calculated by multiplying the shelter deduction base (normally the share's cost price) by the shelter interest rate, which is set annually by the Norwegian Tax Directorate based on the rate on Treasury bills.
The gross-up factor brings the effective tax on share income (37.84 %) closer to the marginal tax on employment income once the employer's contribution and National Insurance contributions are included, so that it isn't tax-advantageous to take out value as dividends rather than salary.
No. This calculator applies to directly owned shares outside a share savings account. Dividends and gains inside an ASK are tax-deferred until you withdraw money from the account, and are then taxed under separate rules.