Corporate Tax Comparison

Norway vs British Virgin Islands

Compare Norway and British Virgin Islands corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Published — Norway: 2/14/2024 · British Virgin Islands: 2/21/2024 · Time of Update — Norway: 9/26/2026 · British Virgin Islands: 10/02/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Norway

British Virgin Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Norway: 2/14/2024 · British Virgin Islands: 2/21/2024 · Time of Update — Norway: 9/26/2026 · British Virgin Islands: 10/02/2026

Corporate Income Tax (CIT)

Norway

British Virgin Islands

General CIT Rate:

22 (25% of some companies in the financial sector).

General CIT Rate:

The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses.

CIT Return Due Date:

At the end of May of the next fiscal year (according to the oil tax system, the end of April). Other requirements may apply to specific business sectors, such as hydroelectric power.

CIT Payment Due Date:

Tax arrears must be paid within three weeks after the assessment is announced.

CIT Estimated Payment Due Date:

February 15 and April 15.

Withholding Tax (WHT)

Norway

British Virgin Islands

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

Value-Added Tax (VAT)

Norway

British Virgin Islands

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Norway

British Virgin Islands

General Capital Gain Tax Rate:

Capital gains are constrained by the normal corporate income tax rate. Gains on shares covered by the participation exemption (skatteloven § 2-38) are tax-free, and losses on them are not deductible.

General Capital Gain Tax Rate:

Effective Tax Rate (ETR)

Norway

British Virgin Islands

Composite Effective Average Tax Rate:

21.41%

Composite Effective Marginal Tax Rate:

23.11%

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