this post was submitted on 23 Feb 2025
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In the Norwegian tax system, if you pay too much taxes trough the year from your paycheck, you get interest on the amount you paid to much. Likewise, if you pay too little taxes throughout the year, you will have to pay interest on the amount you have yet to pay. So the system is supposed to be balanced in that regard. The interest is on the level of a savings account (3.51% annual atm), so you could make an argument that saving that in a index stock or good bond is a better ROI though, so still recommended to try to not pay too much during the year.
How do you pay too many taxes? Aren't you supposed to be able to know how much to pay?
I assume they have the same issues with waiting in the end of the year to round up stocks and other interest/dividend income.