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Norway vs Cyprus
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

🇳🇴 Norway
vs
🇨🇾 Cyprus
Tax Year:

💰 Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country — side by side.

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Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
22–47.4%
Income thresholds rising with wage growth
No change
0–35%
35% top; non-dom regime reviewed but maintained
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
12–25%
Standard 25% maintained
No change
5–19%
19% standard maintained
No change

Corporate Tax Rate

Corporate Tax Rate
22%
Resource rent taxes stable; critical minerals review
No change
12.5%
12.5% competitive; IP Box reform for Pillar Two compliance
No change

Capital Gains Tax

Capital Gains Tax
37.84%
High dividend tax fuels holding co. debate
No change
20%
20% immovable property; shares exempt
No change

Social Security & Payroll

Social Security / Payroll
~19.1%
Stable; labour market tight
No change
~23.8%
GeSY system bedding in; contribution rates stable
No change
State, Regional & Local Taxes

🇳🇴 Norway — Municipal Taxes & Resource Rent

Norway's 15 counties and 356 municipalities set local income tax within a national band; max combined rate ~22%. Norway has unique resource rent taxes on petroleum (78%) and hydropower (67% from 2024). Wealth tax (formuesskatt) applies at 1%–1.1% on net assets above NOK 1.7M. Dividends above a risk-free return are taxed at ~37.84% effective.

🇨🇾 Cyprus — Municipal & Community Taxes

Cyprus's 5 districts and 30+ municipalities/communities levy local taxes including immovable property tax (at municipal level after national IPT was abolished in 2017), refuse collection fees, and business licences. Nicosia and Limassol have the highest municipal charges. Cyprus is a major international financial centre offering non-dom status (no tax on dividends/interest for non-domiciled residents for 17 years), which attracts wealthy individuals. The IP Box regime offers 2.5% effective tax on qualifying IP income.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Norway vs Cyprus: Key Tax Differences (2026)

💰 Income Tax: 🇳🇴 Norway has a higher top income tax rate (22–47.4% vs 0–35%). 🇨🇾 Cyprus is more favourable for high earners.

🛒 VAT/Sales Tax: Norway has a higher consumption tax (12–25% vs 5–19%).

🏢 Corporate Tax: 🇨🇾 Cyprus offers a lower corporate rate (12.5% vs 22%), which can influence business location decisions.

📈 Capital Gains: 🇨🇾 Cyprus taxes investment gains at a lower rate (20% vs 37.84%), benefiting investors.

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