What is the salary and income tax like in in Oslo, Norway?

In Oslo, the income tax system is progressive, with rates increasing as income rises. For 2024, individuals earning up to NOK 199,999 are exempt from national income tax. Income between NOK 200,000 and NOK 279,999 is taxed at 1.7%, while earnings from NOK 280,000 to NOK 729,999 are taxed at 4%. Those with income between NOK 730,000 and NOK 999,999 face a 13.4% tax rate, and income over NOK 1,000,000 is taxed at 16.4%. In addition to income tax, residents also pay municipal taxes, which can vary but typically add around 22% to the overall tax burden.

For capital gains (https://www.uniondevelopers.com/blog/capital-gain-tax-on-property/), Norway imposes a tax rate of 22%, which applies to the sale of shares, real estate, and other investments, with some exemptions depending on the holding period and type of asset. While taxes in Oslo are high, they are balanced by Norway’s extensive social benefits and public services, making it an attractive place to live and work despite the tax burden.