Norway Information about minimum wage and taxes.

Norway has one of the highest minimum wages in the world. Norway's minimum wage varies depending on workers' age, experience and industry. As of 2021, Norway's minimum wage is set at 167.40 Norwegian kroner (NOK) per hour or NOK 3,721.35 per month. This wage represents the monthly income of a full-time worker. The tax system in Norway is quite complex and tax rates are high. Employees have different tax brackets depending on their income. If income is high, tax rates also increase. As of 2021, tax rates in Norway are determined as follows: - 22% tax rate for the first NOK 183,800 of income - 25% tax rate for income above NOK 183,800 - 30% tax rate for income above NOK 260,100 - 38.2% tax rate for income above NOK 651,250 There are also social security contributions in Norway. The social security premium rate is

8.2% of the gross wage and is shared between the employer and the employee. For more detailed information about the tax system and minimum wage in Norway, you can get information from the websites of official institutions such as the Norwegian Tax Office (Skatteetaten) and the Norwegian Ministry of Labor and Social Services (Arbeids- og sosialdepartementet).