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Norway tax question

Home Forums General Financial, Tax and Insurance Norway tax question

Viewing 11 posts - 1 through 11 (of 11 total)
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  • #4568
    Ullevi
    Participant

    Hi Guys,

    I completed a job in Norway. I was wondering if I’ve paid too much tax and if it’s worth paying a company a few hundred to pursue it for me?

    Gross taxable = 16,300.89 GBP

    Tax deducted = 4,348.47 GBP

    Any advice welcome!

    Cheers.

    #31552
    Ray Shields
    Participant

    26% tax, thats quite good! Why would you think its too high?

    #31553
    Steve White
    Participant

    Hi Guys,

    I completed a job in Norway. I was wondering if I’ve paid too much tax and if it’s worth paying a company a few hundred to pursue it for me?

    Gross taxable = 16,300.89 GBP

    Tax deducted = 4,348.47 GBP

    Any advice welcome!

    Cheers.

    Hi, I am not sure if you got and answer on this question. Was this for the full Norwegian tax year ? If you can lgive me some more information I would be happy to have a quick look at this for you – Gratis !

    #31554
    deepseacon
    Participant

    while paying tax is a not a good idea for most it surely depends on if you gained or lost from your normal place of work ie your day rate was less than working in another sector why go to Norway.

    the 10% extra some northsea operators pay for say uk contractors to come here is far to low.

    Anyway many guys come here and never pay any tax.

    #31555
    turtle
    Participant

    For US citizens there is no tax obligation to Norway if total days in Norway are less than 60 in a tax year. EU countries have a different tax agreement with Norway.

    #31556
    Steve White
    Participant

    For US citizens there is no tax obligation to Norway if total days in Norway are less than 60 in a tax year. EU countries have a different tax agreement with Norway.

    Surely the name of the game is to get the best return on gross income ignoring any uplift on daily rate compensation ? Most of my UK clients working onshore in Norway are achieving retention of around 70% of gross earnings. If working offshore this could be improved.

    #31557
    turtle
    Participant

    huh?

    #31558
    Ray Shields
    Participant

    For US citizens there is no tax obligation to Norway if total days in Norway are less than 60 in a tax year. EU countries have a different tax agreement with Norway.

    Surely the name of the game is to get the best return on gross income ignoring any uplift on daily rate compensation ? Most of my UK clients working onshore in Norway are achieving retention of around 70% of gross earnings. If working offshore this could be improved.

    So they are paying 30%? The OP appeared to have paid only 25% so I guess thats better.

    #31559
    James McLauchlan
    Participant

    For US citizens there is no tax obligation to Norway if total days in Norway are less than 60 in a tax year. EU countries have a different tax agreement with Norway.

    Surely the name of the game is to get the best return on gross income ignoring any uplift on daily rate compensation ? Most of my UK clients working onshore in Norway are achieving retention of around 70% of gross earnings. If working offshore this could be improved.

    So they are paying 30%? The OP appeared to have paid only 25% so I guess thats better.

    That’s so far. Lets see what transpires when the local tax authority (where the OP is resident) want their share as well. 🙄

    #31560
    Steve White
    Participant

    For US citizens there is no tax obligation to Norway if total days in Norway are less than 60 in a tax year. EU countries have a different tax agreement with Norway.

    Surely the name of the game is to get the best return on gross income ignoring any uplift on daily rate compensation ? Most of my UK clients working onshore in Norway are achieving retention of around 70% of gross earnings. If working offshore this could be improved.

    So they are paying 30%? The OP appeared to have paid only 25% so I guess thats better.

    That’s so far. Lets see what transpires when the local tax authority (where the OP is resident) want their share as well. 🙄

    In addtion to that, the overall retention rate is likle to come down the more that is earned and falls above the higher SurTax threshold. When I quote 70% that is with earnings of gross Circa £100k.

    #31561
    Ray Shields
    Participant

    In addtion to that, the overall retention rate is likle to come down the more that is earned and falls above the higher SurTax threshold. When I quote 70% that is with earnings of gross Circa £100k.

    Ah, so you can’t be talking about ROV people because every day people are saying on here how poorly paid they are 😆 😆

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