Berntzen on Nostr: The Norwegian exit tax is a tax imposed on individuals who move out of Norway and own ...
The Norwegian exit tax is a tax imposed on individuals who move out of Norway and own shares or other financial assets with unrealized capital gains. If a person has held tax residency in Norway for at least five of the past ten years before moving, they are subject to this tax.
When leaving, Norway taxes the unrealized gains on these assets as though they were sold at the time of departure, meaning they must pay tax on the hypothetical profit, even though they haven’t actually sold anything. However, there’s often a deferral option, allowing payment to be postponed under specific conditions. The exit tax is designed to prevent tax avoidance by taxing gains that would otherwise escape Norwegian tax jurisdiction.
When leaving, Norway taxes the unrealized gains on these assets as though they were sold at the time of departure, meaning they must pay tax on the hypothetical profit, even though they haven’t actually sold anything. However, there’s often a deferral option, allowing payment to be postponed under specific conditions. The exit tax is designed to prevent tax avoidance by taxing gains that would otherwise escape Norwegian tax jurisdiction.