NO · EuropePY · Americas
Norway vs Paraguay: tax rates compared
Norway's income tax rate is 29.7pp higher than Paraguay's (39.7% vs 10%). The 200-country average is 28%: Norway sits above it, Paraguay sits below it. Norway's figure is dated 2025-01-01 and Paraguay's 2026-02-07, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | NO | PY | Difference |
|---|---|---|---|
| Income Tax | 39.7% | 10% | NO +29.7 pp |
| Corporate Tax | 22% | 10% | NO +12 pp |
| VAT | 25% | 10% | NO +15 pp |
| Capital Gains Tax | 37.8% | 8% | NO +29.8 pplargest gap |
| Wealth Tax | 1.1% | 0% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +29.7 pp | Norway higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Paraguay | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +12 pp | Norway higher |
Norway's corporate tax rate is 12pp higher than Paraguay's (22% vs 10%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Corporate, Other taxes) · as of 2026-02-07 |
| Difference | +15 pp | Norway higher |
Norway's VAT rate is 15pp higher than Paraguay's (25% vs 10%). The 181-country average is 15%: Norway sits above it, Paraguay sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Paraguay | 8% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +29.8 pp | Norway higher |
Norway's capital gains tax rate is 29.8pp higher than Paraguay's (37.8% vs 8%). The 175-country average is 10.3%: Norway sits above it, Paraguay sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Paraguay | 0% | Source: PWC Worldwide Tax Summaries — Paraguay (Net wealth/worth tax rates) · as of 2026-02-07 |
| Difference | +1.1 pp | Norway higher |
Norway's wealth tax rate is 1.1pp higher than Paraguay's (1.1% vs 0%). The 193-country average is 0.1%: Norway sits above it, Paraguay sits below it.
Not covered for both countries yet: Crypto Tax.