Tax statement, 2008

The number of people with wealth tax has fallen from previous years. This is because the tax free amount for wealth tax has increased. The tax free amount for wealth tax increased from NOK 220 000 in 2007 to 350 000 in 2008.

More people with reduction of wealth tax

Persons with high wealth compared to income get a reduction in wealth tax so that total taxes do not amount to more than 80 per cent of their income. A total of 16 000 persons had a reduction of wealth tax, with a total of NOK 706 million in 2008.

The reduction in wealth tax was abolished in the income year 2009. Further reading in ØA no. 2/2009

Total assessed tax and reductions

Total assessed tax before deductions amounted to NOK 336.7 billion in 2008, of which county income tax amounted to NOK 115 billion, national common tax NOK 104 billion, and wealth tax NOK 11.6 billion. Membership contributions to the national insurance scheme totalled NOK 86 billion. Total surtax amounted to NOK 19 billion. The county income tax increased by 3 per cent from 2007 to 2008 and national common tax increased by approximately 7 per cent.

Total tax deductions and tax reductions amounted to NOK 9 billion in 2008, and NOK 8.3 billion in 2007. From this, tax limitations on the basis of low ordinary income constituted the largest deduction, totalling NOK 5.6 billion. The deductions were applied for 557 000 persons.

The total assessed tax was NOK 327.7 billion; an increase of almost 6 per cent from the previous year.

Tables:

• Table 1 Survey of tax assessment. 2007-2008
• Table 2 Basis for surtax and surtax, by sex. 2004-2008
• Table 3 Persons with tax reduction according to the 80 per cent rule, by taxable net wealth. 2008