Assessed corporate taxes still decreasing
Assessed corporate taxes amounted to NOK 124 billion in 2016, which was a decrease of NOK 15.3 billion, or 11 per cent, from 2015.
Oil Companies, with a decrease of NOK 30.4 billion, or 44 per cent, accounted for almost all of the fall in corporate taxes. Assessed income tax for oil companies stood at NOK 20 billion, assessed special taxes totalled NOK 33.5 billion, and paid exploration expenses were NOK 14.6 billion in 2016. Oil companies had a total of NOK 39 billion in assessed taxes in 2016.
Tax for land-based activities rose
Assessed taxes for land-based activities rose by NOK 12.3 billion to NOK 76.5 billion from 2015 to 2016.
Increase for power companies
Assessed taxes for power companies went up by NOK 2.9 billion to NOK 8.2 billion from 2015 to 2016. Income tax was NOK 3.8 billion in 2016, rising 192 per cent from the previous year. Tax on ground rent income was NOK 1.8 billion higher than in 2015, amounting to NOK 5.2 billion in 2016.