WorldTax Compareโ† All Comparisons

Norway vs Hungary
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‡ญ๐Ÿ‡บ Hungary
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
15%
Flat 15%; family tax allowances significant
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12โ€“25%
Standard 25% maintained
No change
5โ€“27%
27% standard maintained; food VAT under review
No change
Corporate Tax Rate
Corporate Tax Rate
22%
Resource rent taxes stable; critical minerals review
No change
9%
9% maintained; supplementary tax for Pillar Two compliance
No change
Capital Gains Tax
Capital Gains Tax
37.84%
High dividend tax fuels holding co. debate
No change
15%
15% flat maintained
No change
Social Security & Payroll
Social Security / Payroll
~19.1%
Stable; labour market tight
No change
~28.5%
Stable; employer 13% SZOCHO
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‡ญ๐Ÿ‡บ Hungary โ€” Local Business Tax & Communal Levies

Hungary's 19 counties and 3,177 municipalities levy Helyi Iparลฑzรฉsi Adรณ (HIPA โ€” local business tax) on companies at up to 2% of net revenues. This is a major cost for businesses operating in Hungary. Budapest applies the maximum 2%. Municipalities also set property tax (รฉpรญtmรฉnyadรณ) within national caps. Hungary has a uniquely simple income tax structure with a flat 15% rate across all income levels.

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 Hungary: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ณ๐Ÿ‡ด Norway has a higher top income tax rate (22โ€“47.4% vs 15%). ๐Ÿ‡ญ๐Ÿ‡บ Hungary is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Hungary has a higher consumption tax (12โ€“25% vs 5โ€“27%).

๐Ÿข Corporate Tax: ๐Ÿ‡ญ๐Ÿ‡บ Hungary offers a lower corporate rate (9% vs 22%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ญ๐Ÿ‡บ Hungary taxes investment gains at a lower rate (15% vs 37.84%), benefiting investors.

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