WorldTax Compareโ† All Comparisons

Norway vs Cuba
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ณ๐Ÿ‡ด Norway
vs
๐Ÿ‡จ๐Ÿ‡บ Cuba
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
22โ€“47.4%
Income thresholds rising with wage growth
No change
15โ€“50%
Economic crisis continuing; tax system highly distorted
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12โ€“25%
Standard 25% maintained
No change
0%
No formal VAT; selective taxes maintained
No change
Corporate Tax Rate
Corporate Tax Rate
22%
Resource rent taxes stable; critical minerals review
No change
35%
35%; private sector growing despite restrictions
No change
Capital Gains Tax
Capital Gains Tax
37.84%
High dividend tax fuels holding co. debate
No change
35%
35% nominal
No change
Social Security & Payroll
Social Security / Payroll
~19.1%
Stable; labour market tight
No change
~14%
Severe pension system stress; currency instability
No change
State, Regional & Local Taxes

๐Ÿ‡ณ๐Ÿ‡ด Norway โ€” Municipal Taxes & Resource Rent

Norway's 15 counties and 356 municipalities set local income tax within a national band; max combined rate ~22%. Norway has unique resource rent taxes on petroleum (78%) and hydropower (67% from 2024). Wealth tax (formuesskatt) applies at 1%โ€“1.1% on net assets above NOK 1.7M. Dividends above a risk-free return are taxed at ~37.84% effective.

๐Ÿ‡จ๐Ÿ‡บ Cuba โ€” Provincial & Municipal Taxes

Cuba's 15 provinces and the special municipality of Isla de la Juventud have limited independent taxing powers under the centrally planned socialist system. The ONAT (Oficina Nacional de Administraciรณn Tributaria) administers national taxes, while provincial and municipal governments collect local fees for services. Cuba underwent significant economic reform since 2010 โ€” allowing self-employment (cuentapropistas) and private business (MIPYMES from 2021). Currency unification (2021) significantly restructured the fiscal landscape. The US embargo continues to severely distort the economy.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Norway vs Cuba: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡จ๐Ÿ‡บ Cuba has a higher top income tax rate (22โ€“47.4% vs 15โ€“50%). ๐Ÿ‡ณ๐Ÿ‡ด Norway is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Norway has a higher consumption tax (12โ€“25% vs 0%).

๐Ÿข Corporate Tax: ๐Ÿ‡ณ๐Ÿ‡ด Norway offers a lower corporate rate (22% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡จ๐Ÿ‡บ Cuba taxes investment gains at a lower rate (35% vs 37.84%), benefiting investors.

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