Home › Forums › General › Financial, Tax and Insurance › Norway tax question
- This topic has 10 replies, 6 voices, and was last updated 12 years, 9 months ago by Ray Shields.
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October 2, 2011 at 6:37 pm #4568UlleviParticipant
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.
October 2, 2011 at 9:26 pm #31552Ray ShieldsParticipant26% tax, thats quite good! Why would you think its too high?
March 14, 2012 at 4:49 am #31553Steve WhiteParticipantHi 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 !
March 14, 2012 at 7:41 am #31554deepseaconParticipantwhile 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.
March 14, 2012 at 9:30 am #31555turtleParticipantFor 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.
March 14, 2012 at 9:51 am #31556Steve WhiteParticipantFor 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.
March 14, 2012 at 2:23 pm #31557turtleParticipanthuh?
March 14, 2012 at 4:21 pm #31558Ray ShieldsParticipantFor 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.
March 14, 2012 at 4:35 pm #31559James McLauchlanParticipantFor 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. 🙄
March 14, 2012 at 7:48 pm #31560Steve WhiteParticipantFor 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.
March 15, 2012 at 11:51 am #31561Ray ShieldsParticipantIn 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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