With the summer holiday comming up let's take a look at the Norwegian holiday pay system.
Comming from Sweden I assumed it would just be the same here as in Sweden - monthly salary every month and the 10-13% of yearly income minus tax paid out in one of the summer months.
Let's go through the Norwegian taxation routine for the whole year while we're at it.
1. When people talk about salary, they talk about the yearly amount while in Sweden we refer to the monthly amount.
2. January-May, July-October and December months, you'll receive the salary as usual.
3. November you only need to pay half the tax. With a salary of 10 000NOK, normal tax is 3600NOK, this month you'll only pay 1800NOK. Instead of getting the usual 6400NOK, for November you'll get 8200NOK to spend, what a different huh?
With last years' income of 100 000 NOK and allow 5 weeks holiday, for the month of June you'll get 0.12 x 100 000 - (4/26) x 10 000NOK = 10 461NOK for June to get wasted on your holiday.
The deduction of 4/26 x *monthly salary* is explained like this: There's 21-23 working days per month and a 5 weeks holiday is equal 25 working days away. The holiday pay just entitle you to one month compensation of no salary. For the 'extra' days, the missing 2-3 days, that you're not working, it needs to be deducted.
There is a catch though, you'll only get the holiday pay if you've been working in the company the previous year. If you only work partly of previous year, you'll get a smaller pay in June. If you, unfortunately just start working this year then you'll still get the 'holiday', but the 'pay' will be absent for June.
Conclusion, basic math is required if you're planing to work in Norway. If possible you should start working last year or not taking any holidays this year. ^^
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