Social security contributions in detail
The employer must pay national insurance contributions for its employees to the Norwegian tax administration six times a year (which is 14.1% of the employee's gross salary in the Oslo area and less in other parts of the country). This contribution helps finance the national insurance system, state social security, health and unemployment insurance. Further, the employee pays contributions to national insurance through income tax at variable rates depending on income thresholds and other factors.
The employer must set aside annual leave payments (i.e. a certain percentage of the employee's salary), which are to be paid instead of ordinary salary the following year when the employee is on annual leave. The amount set aside belongs to the employee and will be paid out if the employee leaves the employment before the leave is taken.
Further, the employer must have occupational pension and occupational injury insurance for its employees.
Note: All currency conversions into EUR were made on 1 February 2019, using a mid-market rate.