Oslo - Tax system

Norway has a progressive tax system. The income tax (inntektsskatt) system is divided into general tax and personal tax. General tax is calculated for all taxpayers, both companies and individuals. It includes all taxable income from work, business and capital.
The most important tax allowances that can be deducted from these are interest payments on debts and a basic tax allowance on wages and pensions. 
In addition, travel expenses to and from work, trade union fees, donations, documented expenses for child care etc. are deductibles. Personal income tax is based on a gross income. From this, social security taxes are calculated. Married couples can choose the tax category that result in the lowest total tax for the couple.

For more information about the tax system in Norway, use:  www.skatteetaten.no

Useful vocabulary   

Advokat	Lawyer, solicitor
Ansettelse	Employment
Arbeidsgiver	Employer
Avdrag	Installment
Avgift	Charge, fee
Bank	Bank
Bygningsetaten	Municipal Building Control
Dokumentgebyr	Document fee
Eiendom	Property
Ferdigattest	Certificate of completion
Fratrekk	Deduction
Gebyr	Charge, fee
Gevinst, overskudd	Profit, gain
Huslån	Mortgage
Inntekt	Income
Investering	Investment
Kjøpe	Buy
Leie	Rent
Lån	Loan
Penger	Money
Regnskap	Accountancy
Rente	Interest
Risiko	Risk
Salg, selge	Sale, sell
Selskap	Company
Selvangivelse	Tax return form, tax report
Skatt	Tax
Skatteavtale	Tax treaty
Skattekontor, ligningskontor	Tax office
Takstmann	Assessor
Tap, tape	Loss, lose
Testament	Will
Tilstandsrapport	Property Condition Report
Utgift	Expense
Valuta	Currency
Verdi	Value