Memes

Yes that's also very common, but that's a little more complicated. It's only an option for people who have had the same job for more than a year and for those who agree on settling the entire holiday pay in June even if they don't actually go on holiday then. It varies how people do it.

Unlike Norway, most EU countries tax the holiday on accrual so it's always without a deduction when paid out regardless of when. Norway taxes it in the payment year though it is spread over the other months.

There are pros and cons to both ways. Personally I think that EU has the better one, not because of the taxation but because it's not necessary to accrue holiday in advance.