Sweden vs Norway
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ธ๐ช Sweden โ Municipal Income Tax
Sweden's 290 municipalities and 21 regions each set their own income tax, ranging from ~29% to 35% (avg ~32%). The state income tax of 20% only applies above ~SEK 598,500. Church of Sweden members pay ~1% church fee. No local corporate tax variation.
๐ณ๐ด 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%โ1.1% on net assets above NOK 1.7M. Dividends above a risk-free return are taxed at ~37.84% effective.
Sweden vs Norway: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ธ๐ช Sweden has a higher top income tax rate (32โ52% vs 22โ47.4%). ๐ณ๐ด Norway is more favourable for high earners.
๐ VAT/Sales Tax: Both countries have comparable consumption tax rates (6โ25% vs 12โ25%).
๐ข Corporate Tax: ๐ธ๐ช Sweden offers a lower corporate rate (20.6% vs 22%), which can influence business location decisions.
๐ Capital Gains: ๐ธ๐ช Sweden taxes investment gains at a lower rate (30% vs 37.84%), benefiting investors.