Tax for personal tax payers, 2002

In the period 1993 to 2000 received dividends were tax-free. Dividends exceeding NOK 10 000 approved after September 2000, was taxed by a rate of 11 per cent. 338 900 persons received on an average NOK 125 600 in dividends in 2002. This was 11 500 more than in 2001 when the average was NOK 40 400. It was in particular persons with large dividends who experienced an increase in received dividends.

Gross income

The gross income amounted to NOK 927.4 billion in 2002, an increase of 71.8 billion or about 8 per cent compared with 2001. Of this, the increase in received dividends amounted to NOK 29.3 billion or about 40 per cent of the increase.

Income from wages

The income from wages amounted close to 68 per cent of the gross income in 2002, and totalled NOK 627.7 billion. As of the fiscal year 2002 rehabilitation allowances was entered in as wages. Earlier this was entered in as social security benefits. Rehabilitation allowances amounted close to NOK 12 billion in 2002. Income from wages, excluding rehabilitation allowances, increased by 5.4 per cent from 2001 to 2002. Social security benefits including rehabilitation allowances increased by 8.5 per cent.

Deductions

Total deductions increased by close to NOK 20 billion compared with 2001. Of this, minimum deductions and interest paid constituted the greatest increase - NOK 9 and NOK 5 billion respectively. 929 000 people had deduction for contributions to private and public pension schemes amounting to a total of NOK 4.1 billion. In 2002, average gross income and deductions for persons 17 years and older, was NOK 262 800 and NOK 69 400 respectively.

Debt and net property

While the gross property only increased by 2 per cent from 2001 to 2002, amounting to NOK 1 406.8 billion, the debt increased by more than 9 per cent, to NOK 1 037.5 billion in the same period. This lead to a reduction in the net property of close to 14 per cent. The largest decline may be found in shares in unit trusts and securities registered in VPS, with a decline of 38 and 17 per cent, respectively, compared to 2001.

The largest increase may be found in bank deposits by 11 per cent compared with 2001, amounting to NOK 438.4 billion. This was almost NOK 129 000 on average for all persons with bank deposits.

About the statistical basis

The statistical basis covers 4 723 338 persons taxable to Norway, including 2 013 persons on Spitsbergen (Svalbard). Of these, 4 545 950 reside in the country, while 177 388 are decedent estates, emigrated persons or persons who for other reasons pay taxes to Norway without living here. In the tables we have used figures for resident persons aged 17 and older, who at the end of 2002 totalled 3 528 680 persons.

Tables:

• Table 1 Main entries from the tax return account. NOK million and the number of residents 17 years and older that have amount on the different income or property codes. 2000, 2001 and 2002
• Table 2 Main entries from the tax return account. Resident persons 17 years and older, by sex. Average for all persons and average for persons that have amount on the different codes. 2002
• Table 3 Main entries from the tax return account. Resident persons 17 years and older, by age. Average in NOK. 2002
• Table 4 Gross income by decil of resident persons 17 years and older. Average and per cent. 2000, 2001 and 2002
• Table 5 The number of residents 17 years and older, by sex and size of gross income. 2002
• Table 6 Resident people 17 years and older. Average taxable value of dwelling and number of persons that have dwellings, by county of residence. 1993, 1996, 1999 and 2002
• Table 7 Residents 17 years and older, by size of share dividends received. The number of persons 17 years and older and share dividends in NOK million. 1993-2001
• Table 8 Property account for resident persons 17 years and older, by age. Average in NOK. 2002
• Table 9 Bank deposits, shares and securities, real properties, net property, debt and gross income for resident persons 17 years and over, by age. Persons with and without debt. 2002
• Table 10 Main entries from the tax return account for employees 17-66 years, with and without contributions to job-related pension schemes. Average in NOK. 2002