Norway Dividend Tax Calculator 2026 (Utbytteskatt)

This calculator shows how much tax you pay on a dividend (utbytte) in 2026 and how much you keep. The answer depends on who owns the shares: you personally, a holding company or a share savings account (aksjesparekonto, ASK). For a personal shareholder the calculator first deducts the risk-free return allowance (skjermingsfradrag), then applies the tax.

How dividend tax is calculated

A person who is a Norwegian tax resident is taxed on dividends as ordinary income. The allowance is deducted first. What is left is multiplied by the upward adjustment factor of 1.72 and taxed at 22%, which gives an effective rate of 37.84%. It makes no difference whether the dividend comes from a listed company or from your own limited company (aksjeselskap, AS). Credit or security that your own company gives you counts as a dividend too.

A company that receives a dividend uses the exemption method (fritaksmetoden): only 3% of the dividend is taxed, at 22%, so the effective rate is 0.66%. Inside a group, where the parent owns more than 90%, the dividend is tax free. In an ASK the dividend is not taxed until you withdraw more than you have deposited.

Worked example

A shareholder owns shares with a cost price of NOK 300,000 and receives a dividend of NOK 200,000. The allowance is NOK 300,000 x 3.6% = NOK 10,800. The dividend after the allowance is NOK 189,200, and multiplied by 1.72 that is NOK 325,424. The tax is NOK 325,424 x 22% = NOK 71,593, and the shareholder keeps NOK 128,407. If the shares had been owned by a holding company, the tax would have been NOK 1,320.

Tax on a dividend of NOK 100,000 by type of owner

Without any allowance.

A holding company and an ASK give lower tax now, but the money is locked in. The 37.84% arrives when the money is taken out for private use.

Dividend after tax for a personal shareholder

Dividend tax from 2016 to 2026

Effective tax on dividends after the allowance for personal shareholders. The upward adjustment factor was introduced in 2016 and has been raised several times. In 2022 the factor was 1.60 until 5 October and 1.72 from 6 October, and the table shows the lower figure.

Total tax from company profit to dividend

If a company earns NOK 1,000,000 before tax, it pays NOK 220,000 in corporate tax at 22%. If the rest is paid out, dividend tax is NOK 295,152 and you keep NOK 484,848. The combined tax is 51.52% of the profit, before the allowance. If you run a business as a sole proprietor instead, the profit is taxed as personal income, see the Norway sole proprietorship tax calculator. Gains from selling shares are covered by the Norway share sale tax calculator.

If you have moved to Norway or live abroad

The rates above apply to shareholders who are tax resident in Norway. Once you are resident, Norway also taxes your foreign dividends, and you can normally claim a credit for tax already withheld abroad. You count as resident after more than 183 days, see the Norway tax residency calculator. If you live abroad and receive dividends from a Norwegian company, the company deducts 25% withholding tax unless a tax treaty gives a lower rate and you have documented your residence there. If you own shares that are worth a lot, also check the Norway wealth tax calculator.

What this calculator does not cover

It does not cover withholding tax on dividends paid abroad, foreign tax credits, dividends from mutual funds, shares in low-tax countries, or dividends that are limited by a company's distributable equity. It uses one dividend and one cost price, so it does not model several share purchases or a long history of unused allowance. The result is an estimate and not tax advice.