vs
Norway vs Luxembourg Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Norway47.4%
Luxembourg42%Lower
Corporate Tax
Norway22%Lower
Luxembourg23.9%
Capital Gains
Norway37.8%
Luxembourg21%Lower
VAT / Sales Tax
Norway25%
Luxembourg17%Lower
| Category | Norway | Luxembourg |
|---|---|---|
| Tax System | Progressive (Dual income) | Progressive |
| Top Income Tax | 47.4% | 42% |
| Corporate Tax | 22% | 23.9% |
| Capital Gains | 37.8% | 21% |
| VAT / Sales Tax | 25% | 17% |
| Crypto Tax | Yes | Yes |
| Wealth Tax | Yes | No |
| Tax Treaties | 85 | 85 |
| Currency | NOK | EUR |
The bottom line: Norway vs Luxembourg
Luxembourg has the lower headline rate on 3 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. Norway runs a progressive (dual income) tax system, while Luxembourg uses a progressive one.
- Income tax: Luxembourg is lower (47.4% vs 42%)
- Corporate tax: Norway is lower (22% vs 23.9%)
- Capital gains tax: Luxembourg is lower (37.8% vs 21%)
- VAT / sales tax: Luxembourg is lower (25% vs 17%)