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This is an archived release.
Decrease in petroleum tax payments
By the end of April, NOK 307.2 billion had been paid in taxes in Norway. This is a decrease of 3.1 per cent from last year. The reason for this is a decline in tax payments on extraction of petroleum, which decreased by 24.6 per cent compared to the same period in 2013.
Distributed taxes. Accumulated figures so far this year | Change in per cent compared to same period previous year | |||
---|---|---|---|---|
April 2013 | April 2014 | April 2013 | April 2014 | |
Total | 317 076 | 307 242 | 6.6 | -3.1 |
Ordinary taxes to central government | 11 110 | 10 980 | -2.4 | -1.2 |
Ordinary taxes on extraction of petroleum | 31 396 | 24 238 | 13.3 | -22.8 |
Special income tax on extraction of petroleum | 52 730 | 39 157 | 16.1 | -25.7 |
Tax equalization tax to central government | 90 968 | 97 139 | 0.4 | 6.8 |
Ordinary taxes to county authority (incl. Oslo) | 8 248 | 8 537 | 6.9 | 3.5 |
Ordinary taxes to municipalities | 38 992 | 39 923 | 7.8 | 2.4 |
Member contributions to the National Insurance Scheme | 33 191 | 35 223 | 5.0 | 6.1 |
Employer contributions to the National Insurance Scheme | 50 378 | 51 642 | 8.7 | 2.5 |
Taxes on dividends to foreign shareholders | 62 | 404 | -89.4 | 551.6 |
NOK 63.4 billion was paid in petroleum taxes by the end of April. This is a decrease of 24.6 per cent, or NOK 20.7 billion, compared to the previous year. Of the NOK 63.4 billion, NOK 39.2 billion was generated from the special income tax on extraction of petroleum, while the remaining NOK 24.2 billion was from ordinary taxes on petroleum extraction. These categories decreased by 25.7 per cent and 22.8 per cent respectively. The decreased payments from this sector are due to a reduction in the estimated instalments of the 2013 tax income.
Estimated instalments on income tax of oil-producing sector
Six times a year, i.e. every two months, the oil-producing sector pays tax on income. The first instalment is due on 1 August and the last instalment is due on 1 June. The first three instalments are due in the income year, while the last three instalments are due in the tax year (the year after).
Increased taxes in mainland Norway
So far this year, the tax payments in mainland Norway excluding petroleum taxes have increased by NOK 10.9 billion, or 4.7 per cent, compared to the same period last year. In total, the tax payments excluding the Continental Shelf for January-April were NOK 243.8 billion.
Low growth in payments from advance tax arrangement
By the end of April, payments from the advance tax arrangement had increased by 2.7 per cent, or NOK 4.8 billion, compared to the end of April 2013. These payments totalled NOK 183.6 billion so far this year.
Contact
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June Solås
E-mail: june.solas@ssb.no
tel.: (+47) 98 87 46 76
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Bjørn Gran-Henriksen
E-mail: bjorn.gran-henriksen@ssb.no
tel.: (+47) 41 40 20 71