Assessed corporate taxes rose
Assessed corporate taxes totalled NOK 159 billion in 2017, which was an increase of 28 per cent from 2016.
Oil Companies, with an increase of 101 per cent, contributed NOK 39.8 billion to the growth in assessed corporate taxes. Assessed income tax for oil companies amounted to NOK 34.8 billion, assessed special taxes stood at NOK 61.5 billion, and paid exploration expenses were NOK 17.2 billion in 2017. Oil companies had a total of NOK 79 billion in assessed taxes in 2017.
Tax for power companies still rising
Assessed taxes for power companies rose by NOK 1.9 billion to NOK 10.1 billion from 2016 to 2017. Assessed income tax for power was NOK 3.7 billion, down 2.7 per cent from the previous year. Tax on ground rent income stood at NOK 6.3 billion, up NOK 1.2 billion from 2016.
Tax for land-based activities fell