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Corporate taxes dropped 17 per cent
statistikk
2014-12-19T10:00:00.000Z
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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The statistics present assessed taxes for companies. Assessed taxes for companies totalled NOK 254 billion in 2013.

Tax statistics for companies, 2013

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Corporate taxes dropped 17 per cent

Assessed corporate taxes dropped 17 per cent from 2012 and totalled NOK 254 billion in 2013. Oil companies made the largest contribution to the fall.

Total assessed tax, by tax rulePublished 19 December 2014
AmountPer cent
1Including foreign shelf companies assessed by the Petroleum Tax Act.
Total254 281100.0
Oil extraction companies1182 23471.7
Power companies8 3393.3
Shipping companies1740.1
Land based activities63 53425.0

Source: Statistics Norway

Assessed tax for oil companies amounted to NOK 182 billion in 2013. Assessed income tax for oil companies totalled NOK 74 billion: a fall of 20 per cent from 2012. Assessed special taxes dropped 22 per cent to NOK 119 billion. Paid exploration expenses also went down, from NOK 12.7 billion to NOK 10.4 billion. Total assessed tax for oil companies decreased by 21 per cent in 2013.

Changed tax rules affected income tax and tax deductions

Tax exemptions for incomes from oil extraction abroad were introduced in 2013. The maximum tax deduction for tax paid to foreign country in relation to incomes from oil extraction outside Norway is also no longer calculated as from 2013. As a result of the changed tax rules, tax deduction for tax paid to foreign country disappeared almost entirely from 2012 to 2013 and assessed income tax for land-based activities fell by 28 per cent in the same period.

Assessed taxes for land-based activities dropped 5 per cent from 2012 to NOK 64 billion in 2013. The reduction constituted approximately 6 per cent of the decrease in total assessed corporate taxes from 2012.

Tax for shipping companies plummeted

Assessed tax for shipping companies taxed by special rules for limited shipping companies plummeted by 87 per cent in 2013. The steep fall was mainly driven by the changes in tax rules for shipping companies in 2010.

Growth for power companies

Power companies, which had NOK 8.3 billion in assessed taxes, experienced a rise of NOK 640 million in 2013. Tax on ground rent income, which rose by NOK 665 million to NOK 4.9 billion, accounted for most of the increase.