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NOK 434 billion in assessed taxes
statistikk
2015-11-12T10:00:00.000Z
Income and consumption;Income and consumption;Svalbard
en
selvangivelse, Tax for personal tax payers, tax return, tax assessment, personal income, earned income, taxable income, capital income, deductions, tax, debt, wealth, bank deposits, dividends, property abroad, gross income, capital tax, surtax, tax arrears, BSU (savings scheme for adolescents to buy house).Income and wealth, Income and consumption, Personal tax, Income and consumption, Svalbard
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Tax statistics for personal tax payers, 2014

Tax for personal tax payers, 2014

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NOK 434 billion in assessed taxes

In 2014, the total assessed taxes amounted to NOK 434 billion for residents aged 17 years and older. This was an increase of 3.7 per cent from 2013.

Tax statistics for residents 17 years and olderPublished 12 November 2015
2014Percentage change in average
Number of persons with amountAverage for persons with amount (NOK)2013 - 20142009 - 2014
Gross income4 059 909426 1003.621.8
Basis for Surtax on Gross income3 921 161411 1003.321.0
Ordinary income after special deduction3 949 951320 6003.724.1
Taxable gross wealth4 043 3921 012 1006.543.3
Debt2 993 312956 3004.126.2
 
Surtax on gross income958 39826 0007.025.0
Wealth tax572 68923 4004.549.0
Assessed taxes3 637 788119 3002.823.0

Source: Statistics Norway

Average assessed taxes for residents aged 17 and older was NOK 119 300 in 2014; an increase of 2.8 per cent from 2013. The composition and level of assessed taxes varies with age. People around 50 years of age had on average NOK 155 000 in assessed taxes, while for 80 year-olds the amount was around NOK 50 000.

Strong increase in National Insurance contributions

As a result of an increased tax rate on national insurance contributions, the total national insurance contributions increased by 10 per cent to NOK 123.8 billion in 2014. The annual increase amounted to NOK 11.2 billion, or about 70 per cent of the total increase in assessed taxes in 2014 of NOK 15.6 billion. Fewer people were assessed with surtax on gross income in 2014, but total surtax increased. A total of 958 000 people were assessed with surtax in 2014; a reduction of 24 000 persons from the year before, while total surtax increased by 4.5 per cent to NOK 24.9 billion.

Fewer people assessed with wealth tax

In 2014, 573 000 residents were assessed with wealth tax, which is 42 000 fewer than in 2013. The activation threshold was raised from NOK 870 000 in 2013 to NOK 1 million in 2014, and the tax rate was reduced from 1.1 to 1 per cent. Those who were assessed with wealth tax in 2014 paid on average NOK 23 400, compared to NOK 22 400 the year before. For those persons with the highest net fortunes, i.e. with NOK 10 million or more, average wealth tax diminished by NOK 33 000, from NOK 380 000 to NOK 347 000 in 2014.

More than NOK 1 000 billion in bank deposits

Average bank deposits amounted to about NOK 250 000 in 2014 Total bank deposits amounted to NOK 1 016 billion. The average return on savings, on the other hand, was NOK 6 600 per person. The average interest rate on bank savings in 2014 was 2.2 per cent. Despite the low rate of return on bank deposits, total bank deposits increased by 8.3 per cent in 2014.

NOK 11.9 billion in assessed tax from non-residents

Tax payers that were not registered as residents in Norway were assessed with NOK 11.9 billion in taxes in 2014. In total, 258 000 non-resident persons were assessed with tax in Norway in 2014. This includes Norwegian and foreign citizens residing abroad and the estates of deceased persons.

 

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The statistics are based on data from the tax assessment database of the Norwegian Tax Administration.