Changes to Laws and Regulations Taking Effect on 1 January from the Ministry of Finance
Here is an overview of important regulatory changes from 1 January within the Ministry of Finance’s area of responsibility.
Tax
Personal allowance
The personal allowance is increased from NOK 88,250 in 2024 to NOK 108,550 in 2025. The changes apply from and including the 2025 income year.
Minimum deduction
The upper limit for the minimum deduction on salary/benefits and pension is reduced from NOK 104,450 and NOK 86,250 respectively in 2024 to NOK 92,000 and NOK 73,150 respectively in 2025. The changes apply from and including the 2025 income year.
National insurance contribution
The rates for national insurance contributions on salary/benefits and business income are reduced by 0.1 percentage point, to 7.7 and 10.9 percent respectively. The rate for pension is maintained at 5.1 percent. The lower threshold for national insurance contribution is increased by 43.1 percent to NOK 99,650. The changes apply from and including the 2025 income year.
Bracket tax
The rates for brackets 1 and 2 remain unchanged, and the thresholds for these brackets are adjusted for wage growth. The rates for brackets 3, 4 and 5 are increased by 0.1 percentage point. The thresholds for brackets 3 and 4 are increased somewhat less than the estimated wage growth. The threshold for bracket 5 is adjusted for wage growth. Bracket 3 gets a rate of 13.7 percent from NOK 697,150, bracket 4 gets a rate of 16.7 percent from NOK 942,400, and bracket 5 gets a rate of 17.7 percent from NOK 1,410,750. The changes apply from and including the 2025 income year.
Travel deduction
The per-kilometre rate is increased more than the estimated price growth, from NOK 1.76 to NOK 1.83 per kilometre. The lower threshold amount is increased less than the estimated price growth, from NOK 14,950 to NOK 15,250. The upper limit is increased from NOK 97,000 to NOK 100,880. The changes apply from and including the 2025 income year.
Deduction for additional costs for board and lodging for commuters
The 24-month time limit on the right to claim a deduction for additional costs for board and lodging is removed for commuters living in barracks/worker accommodation. The changes apply from and including the 2025 income year.
Renting out your own home and holiday home
The income threshold for tax liability on rental income from one’s own home and holiday home is raised to NOK 15,000. The changes apply from and including the 2025 income year.
Tax-free employee discounts
The limit for employee discounts is increased to NOK 10,000. The changes apply from and including the 2025 income year.
Tax-free employment income below the threshold for the wage reporting obligation
The threshold for the wage reporting obligation and tax-free employment income is increased from NOK 1,000 to NOK 2,000. The threshold for tax-free income from employer to employee is determined by the threshold for the wage reporting obligation. The changes apply from and including the 2025 income year.
Tax-free income from garden and nature products, etc.
The threshold amount for tax-free sale of garden and nature products is increased to NOK 10,000. The changes apply from and including the 2025 income year.
Deduction for trade union dues
The maximum amount for the deduction for paid trade union dues is increased from NOK 8,000 to NOK 8,250. The changes apply from and including the 2025 income year.
Dues for certain professional and trade organisations
The maximum amount for the deduction for paid trade union dues is increased from NOK 8,000 to NOK 8,250. The changes apply from and including the 2025 income year.
Tax deduction for children’s pension
The tax deduction for children’s pension is adjusted for wage growth. The changes apply from and including the 2025 income year.
Tax deduction for pension income
The thresholds for phasing out the pension tax deduction are adjusted beyond the estimated pension growth of 3.7 percent. The threshold for brackets 1 and 2 is adjusted from NOK 258,400 and NOK 391,550 respectively to NOK 276,400 and NOK 422,950 respectively. The same applies to the maximum pension tax deduction, which is increased from NOK 34,350 to NOK 36,000. The changes apply from and including the 2025 income year.
Tax-free threshold for income from the sale of surplus electricity from homes and holiday homes
Special rules are introduced for the taxation of income from electricity sales from renewable power plants (including solar panel installations) connected to one’s own home or holiday home, with a tax-free allowance of NOK 15,000. For income above the threshold amount, only 85% of the income is regarded as taxable income. The changes apply from and including the 2024 income year.
Taxation of introduction benefit
The taxation of the introduction benefit for newly arrived immigrants is changed so that it is taxed in the same way as salary and social security benefits. The changes apply from and including the 2025 income year.
Options in start-up and growth companies
The special scheme for taxation of employee share options in start-up and growth companies is proposed to be amended by expanding the following requirements for the company: 150 or fewer employees (2024: 50), a balance sheet total of NOK 200 million or less (2024: NOK 80 million), and being no older than 12 years (2024: 10 years). The expansions must be approved by ESA before they can take effect. If approved, they are expected to take effect during the first half of 2025.
Wealth tax
The basic allowance is increased from NOK 1.7 million to NOK 1.76 million (from NOK 3.4 million to NOK 3.52 million for married couples). The threshold for bracket 2 is increased from NOK 20 million to NOK 20.7 million. The municipal wealth tax rate is reduced from 0.7 to 0.525 percent, while the state rate is increased in bracket 1 from 0.3 to 0.475 percent and in bracket 2 from 0.4 to 0.575 percent. The changes apply from and including the 2025 income year.
Discontinuation of the additional employer’s national insurance contribution
The additional employer’s national insurance contribution on salaries above NOK 850,000 is discontinued. The change applies from and including the 2025 income year.
Agricultural deduction
The agricultural deduction is adjusted for prices, with the general deduction increased to NOK 95,800 and the maximum deduction increased to NOK 200,850. The change applies from and including the 2025 income year.
