Tax statistics. Shipping companies, 2003

In total, NOK 337 million was assessed in taxes for joint-stock shipping companies in 2003.

Taxable income

Total taxable income amounted to NOK 964 million, or NOK 135 million more than in 2002. The main reason for the increase was an increase in taxable dividend income. Joint-stock shipping companies covered by the regime are taxable on positive net financial income, dividend income and other taxable income. The operating profit is taxable only if the owners take out income that is not taxed, or if the company leaves the special tax regime.

Tax and tax deductions

Total assessed community tax amounted to NOK 270 million, an increase of NOK 38 million compared with 2002. The tonnage tax was NOK 75 million, a reduction of NOK 14 million. Tax deductions amounted to NOK 8 million, a reduction of NOK 1 million. The tax deductions mainly represent deductions for received dividend income.

Number of companies

A total of 611 companies were assessed in accordance with the voluntary tax regime in 2003. Of these, 420 were joint-stock companies and 191 were participant-taxed companies. The statistics only includes income and taxes for joint-stock companies. A participant-taxed company is not a separate taxpayer as each of the participants is taxed.

About the statistical basis

The statistics is based on information obtained from the Central Office - Taxation of Large-Sized Companies. A new year-cycle with revised routines and assessment periods was introduced in connection with the assessment of business activities in 2003. This may result in revisions in the figures.

Tables:

• Table 1 Number of joint-stock companies and participant taxed companies assessed according to sections 8-10 to 8-19 of the Taxation Act. 1999-2003
• Table 2 Taxable income and assessed taxes for joint-stock shipping companies. 2001-2003. NOK million