Payroll and HR in Norway

Local Information

Local Time (LIVE):5:48 PM
Local Currency:$1 = kr8.76
Business Language(s):Norwegian and English
Tax Year Dates:1st January – 31st December

 

Thinking of expanding your business to Norway? With its strong economy, membership to the European Free Trade Area and unrestricted access to the EU market, it’s an opportune European location to expand your business to.

As one of the wealthiest countries in the world, US companies have great opportunity to have a significant share of new contract awards in a number of industries in Norway. They can also take advantage of its moderate corporate tax rates.

If you’re looking to expand to Norway, FMP Global can help with international payroll and HR. We understand the difficulties and key considerations that need to be taken into account when expanding to a Nordic country, including unique tax considerations, compliance and employment law.

Ready for International Expansion?

Sending, please wait...

Please verify you are human.


Employer Must-Dos

In Norway, the following reports must be submitted to strict deadlines:

  • RF-1028 tax return (public limited companies)
  • RF-1167 income statement 2 (attachment for private limited companies)
  • RF-1045 extract from accounts (attachment for foreign companies with limited tax liability)

Payroll in Norway

What tax considerations are there?

Norway is unfortunately renowned for being one of the most heavily taxed countries in the world. Norwegian tax residents (those who spend more than 6 months a year in Norway), are taxed on their worldwide income.

Income tax is based on a progressive model in Norway, and social security contributions are deducted at 8.2% for employees (at time of publish), and 14.1% for employers (based on total Norwegian gross salary and taxable benefit costs.

Wealth tax is also a key consideration in Norway. Individuals must pay municipal and state wealth tax based on assets exceeding set net capital tax amount.

HR in Norway

What are the regular working hours in Norway?

The usual working hours in Norway are between 8am and 4pm. It is common for employees to leave early or on time as Norwegians value efficiency and a good split between work and family life.

Some employers offer core working hours, where employees must be present, and flexible hours where employees can work more freely.

Termination

In Norway, there is no requirement for a formal warning prior to dismissal, however there are further requirements employers must adhere to when terminating an employee’s contract.

There must be proven just cause for dismissal in accordance with The Norwegian Working Environment Act (WEA).

Read more about international payroll

To find out more about international payroll, download our international payroll guide today and discover more key considerations.

Download Our Guide

FMP’s Norwegian Payroll and HR Solutions

No matter if you’re looking for payroll and HR in Oslo or Bergen, our payroll and HR experts can help. Our international teams understand the ins and outs of Norwegian payroll, HR and employment law and can help ensure your business remains streamlined and compliant. Our services include:

  • Employment Contracts
  • Payroll Processing
  • Handling of payments (salaries)
  • Annual declarations (lodging, apprenticeship & training taxes for concerned companies)
  • Relations with social bodies
  • Regulatory Compliance
  • Tax and Labor Law Consulting
  • Assisting in payroll audit (or payroll department audit)
  • Handling of confidential payroll
  • Assistance in company restructuring plan
  • Assistance in implementation of procedures
  • Assistance with start-up (in link with lawyers)

Maintain Compliance with Your Norwegian Payroll & HR

We’re ready to help you start your expansion. Speak to us today and take the stress out of Norwegian payroll and HR. We’ll guide you in the right direction and keep your business running efficiently and in compliance.

Start your International Expansion Today