Tax statement, 2000

As of fiscal year 1993 the taxation on received dividends for Norwegian shareholders were done in accordance with the deduction method. This means that the shareholder gets a tax deduction for tax paid by the company on paid dividends. Received dividends for personal taxpayers amounted to NOK 29,5 billion in 2000 compared to NOK 19,2 billion the previous year.

Extra tax on dividends

In 2000 a rule was introduced stating that dividends decided paid after 4 September would also be taxed on the receiver. Dividends exceeding NOK 10 000 paid to personal taxpayers were charged an 11 per cent tax, and the taxation was done through reduced deduction. Only about one per cent of the dividends in 2000 or NOK 311 million, resulted in reduced tax deduction for received dividends. This rule ceased as of 1 January 2002.

Decrease in deduction for BSU

There was a slight decrease in tax deduction for home investment savings for young people (BSU). While the tax deduction in 1999 amounted to NOK 378 million, it amounted to NOK 373 million the following year. The decrease came despite the fact that more people took advantage of the opportunity in 2000. A total of 185 000 people got deduction for BSU in 2000, 5 000 more than the year before. In average each person got about NOK 2000 in tax deduction.

NOK 210 billion in assessed tax

Assessed tax for personal taxpayers amounted to NOK 210.5 billion in 2000. This is an increase of 7.5 per cent compared to the year before. A total of 2 349 000 taxpayers got a total of NOK 17.6 billion back during the tax settlement last summer and autumn, while 822 500 taxpayers were required to pay NOK 12 billion in back taxes.

Waived back tax of NOK 6 million

The limit on back tax that cannot be collected was reduced from NOK 300 to NOK 100 as of fiscal year 2000. This resulted in a reduction in waived back tax from NOK 34 million in 1999 to NOK 6 million in 2000.

Ordinary income increased more than the basis for surtax on gross income

While ordinary income after special deduction increased by 7.5 per cent from 1999 to 2000, the basis for surtax on gross income increased by 5.4 per cent. Ordinary income after special deduction amounted to NOK 631 billion in 2000, and the basis for surtax on gross income amounted to NOK 741 billion. In 2000 assessed surtax was NOK 15.6 billion, an increase of more than 14 per cent from the previous year. A total of 873 900 taxpayers paid surtax in 2000 or 26 100 more than the year before.

NOK 829 billion in net wealth

The net wealth has increased by more than 40 per cent over three years. In 1997 the net wealth amounted to NOK 579 billion, while it had increased to NOK 829 billion in 2000. Compared to the year before the increase in net wealth was 10 per cent.

Tables:

• Table 1 Survey of tax settlement for personal taxpayers. Whole country. 2000
• Table 2 Survey of tax assessment. Whole country. 1995 - 2000. Millioner kroner
• Table 3 Number of tax payers with surtax, and total assessed surtax. (Married couples with joint taxation count as one tax payer.) 1992-2000. Number of taxpayers and million kroner. (Corrected 28 September 2004)
• Table 4 Taxpayers with tax reduction according to the 80 per cent rule, by net wealth 2000
  (The table was released 3 February 2003)