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Corporate taxes totalled NOK 300 billion
statistikk
2012-12-21T10:00:00.000Z
Establishments, enterprises and accounts
en
skattepl, Tax statistics for companies, taxable income, taxable wealth, assessed tax, corporation tax by industry, due in arrears, tax position, type of tax (for example income tax, capital tax, natural resource tax), oil production companies, power companies, shipping companies, onshore activitiesCorporate tax , Establishments, enterprises and accounts
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Tax statistics for companies, 2011

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Corporate taxes totalled NOK 300 billion

Corporations were assessed a total of NOK 300 billion in 2011, which was NOK 45 billion or 17 per cent more than in 2010. Oil companies accounted for the whole increase.

Assessed tax for oil companies rose 29 per cent from 2010 to 2011, from NOK 175 billion to NOK 227 billion. Assessed income tax for oil companies totalled NOK 89 billion, which was an increase of NOK 19 billion from the year before. Assessed special taxes amounted to NOK 147 billion, rising NOK 32 billion from 2010. Paid exploration expenses fell for the first time since 2005, from NOK 10.2 billion in 2010 to NOK 9.7 billion.

Growth for land-based activities reversed

Land-based activities had NOK 84.7 billion in assessed income tax in 2011, which was about NOK 300 million more than in 2010. Wealth tax totalled NOK 336 million. Tax deductions went up from NOK 17 billion in 2010 to NOK 22 billion. As a result, land-based activities - the assessed tax of which had previously risen for two consecutive years - experienced a fall in assessed tax of NOK 4 billion, to NOK 63 billion in 2011.

Tax for power companies reduced

Assessed tax for power companies dropped 23 per cent, from NOK 12 billion in 2010 to NOK 9 billion in 2011. Assessed income tax was NOK 1.2 billion lower than in 2010, amounting to NOK 3.9 billion. Tax for ground rent income totalled NOK 5.2 billion, going down from the year before by NOK 1.5 billion. Tax for natural resources was almost unchanged from the previous years, and stood at NOK 1.6 billion last year.

About the statistical basis

The statistics are based on the Directorate of Taxes’ register of non-personal tax payers and include 247 987 limited companies and other corporations that pay tax in arrears. Most of the companies are taxed pursuant to the ordinary tax rules, but there are exceptions. Power companies are taxed according to the Taxation Act Chapter 18, while shipping companies may choose to be assessed by the special rules for shipping companies according to the Taxation Act Section 8-10 to 8-19. All companies engaged in oil extraction on the Norwegian continental shelf or in pipeline transport, and foreign companies providing services on the Norwegian continental shelf are assessed under the Petroleum Tax Act.

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