136539_not-searchable
/en/offentlig-sektor/statistikker/skatteregn/maaned
136539
Decrease in petroleum tax revenues
statistikk
2014-03-17T10:00:00.000Z
Public sector;Svalbard
en
skatteregn, Tax accounts, tax payments, tax distribution, type of tax, dutiesPublic sector, Tax accounts , Public sector, Svalbard
false

Tax accounts, February 2014

Content

Published:

This is an archived release.

Go to latest release

Decrease in petroleum tax revenues

During the period January through February 2014, total tax payments amounted to NOK 146.4 billion. This is a modest increase of only 1.2 per cent, or NOK 1.8 billion, compared to the same period last year. The low growth is explained by a decrease in tax revenues from petroleum extraction.

Tax accounts. Distributed taxes. NOK million and change in per cent.Published 17 March 2014
Distributed taxes. Accumulated figures so far this yearChange in per cent compared to same period previous year
February 2013February 2014February 2013February 2014
Total144 625146 3812.21.2
Ordinary taxes to central government5 0665 108-6.20.8
Ordinary taxes on extraction of petroleum13 24811 892-4.8-10.2
Special income tax on extraction of petroleum22 25019 214-2.5-13.6
Tax equalization tax to central government43 10347 9061.611.1
Ordinary taxes to county authority (incl. Oslo)3 4923 6036.73.2
Ordinary taxes to municipalities16 54617 0119.12.8
Member contributions to the National Insurance Scheme14 08514 4284.22.4
Employer contributions to the National Insurance Scheme26 79927 0099.60.8
Taxes on dividends to foreign shareholders36211-93.2486.1

Source: Statistics Norway

Figure 1. Paid and distributed taxes by county authority. January-February

Up until the end of February, petroleum tax revenues totalled NOK 31.1 billion. This is 12.4 per cent, or NOK 4.4 billion, less than the corresponding period last year. Of the NOK 31.1 billion, NOK 19.2 billion was generated from the special income tax on extraction of petroleum, while the remaining NOK 11.9 billion were ordinary taxes on petroleum extraction. The reduction in tax payments from the oil-producing sector is mainly due to lower estimated instalments on the 2013 tax on income.

Increased taxes in mainland Norway

Excluding petroleum tax revenues, the mainland Norway tax payments totalled NOK 115.3 billion in January and February combined, increasing by NOK 6.1 billion compared to last year. The advance tax arrangement including employer contributions to the National Insurance Scheme amounted to NOK 83 billion; an increase of 2.4 per cent from the previous year. The non-personal taxpaying arrangement, excluding the petroleum sector, had paid NOK 32.1 billion in taxes up until the end of February, which is an increase of 14.8 per cent compared to last year. This is due to higher payments of tax equalization contributions to the central government.

More tax payments to the central government

The central government received NOK 53 billion in January and February combined, which is an increase of 10.1 per cent compared to the same period last year. The local authorities had a less substantial increase of 2.9 per cent from last year, totalling NOK 20.6 billion. The contributions to the National Insurance Scheme totalled NOK 41.4 billion by the end of February, which is a moderate increase of 1.4 per cent from last year.