Tax for personal tax payers, 2005

Minimum deductions increased by 17.5 percent from 2004 to 2005. 62 percent of the total deductions comprise minimum deductions, and 93 percent of all persons were eligible for this deduction in 2005. Minimum deduction amounted to an average of NOK 47 400 in 2005.

Interest paid

Interest paid increased by 2.6 percent from the previous year and amounted to NOK 52.5 mill, or 20 percent, of total deductions in 2005.

More debt

Total debt increased by 13¹ percent from 2004 to NOK 1 433.3¹ billion in 2005. This is an increase of more than 50 percent compared with 2001.

Young persons owe twice their gross income

Persons with debt in the age group 25 to 34 years owed an average of NOK 641 100¹ in debt. This was twice as much as their gross income.

About the statistics

The statistics is based on the Directorate of Taxes' tax settlement, and includes all persons with assessed taxes to Norway. The self-employed are defined as all persons with entrepreneurial income, entrepreneurial losses and/or estimated personal income from such business activities. For more information about the statistics, go to: About the statistics .

¹ The figure is corrected 30 April 2008.

Tables:

• Table 1 Taxable incomes and property for residents 17 years and older, by sex. 2005. Number of persons and NOK million
• Table 2 Deductions for residents 17 years and older, by sex. 2005. The number of persons, NOK million and average
• Table 3 Property and income for residents 17 years and older. Persons with and without debt, by age. 2005
• Table 4 Average assessed taxes in per cent from gross income in different groups of income. Residents 17 years and older. 1993-2005