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167626
Decrease in petroleum tax revenues
statistikk
2014-07-17T10:00:00.000Z
Public sector;Svalbard
en
skatteregn, Tax accounts, tax payments, tax distribution, type of tax, dutiesPublic sector, Tax accounts , Public sector, Svalbard
false

Tax accounts, June 2014

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Decrease in petroleum tax revenues

By the end of June this year, tax payments have decreased by 3.3 per cent compared to the same time last year. A decrease in petroleum tax revenues is the reason for this reduction.

Tax accounts. Distributed taxes. NOK million and change in per cent.Published 17 July 2014
Distributed taxes. Accumulated figures so far this yearChange in per cent compared to same period previous year
June 2013June 2014June 2013June 2014
Total474 124458 3765.9-3.3
Ordinary taxes to central government17 17616 3302.1-4.9
Ordinary taxes on extraction of petroleum44 39136 1367.1-18.6
Special income tax on extraction of petroleum74 55158 3829.8-21.7
Tax equalization tax to central government129 580131 2062.71.3
Ordinary taxes to county authority (incl. Oslo)13 63314 1136.63.5
Ordinary taxes to municipalities64 35365 8197.12.3
Member contributions to the National Insurance Scheme55 32559 1095.06.8
Employer contributions to the National Insurance Scheme74 60576 6158.02.7
Taxes on dividends to foreign shareholders509666-27.230.8

Source: Statistics Norway

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

From January until June this year, a total of NOK 458.4 billion has been paid in taxes in Norway. This is a reduction of NOK 15.7 billion compared to the first six months of last year. Most of the taxes were paid through the advance tax arrangement, with NOK 297 billion; an increase of 2.5 per cent compared to the same period last year. NOK 94.5 billion of this sum is petroleum tax revenues, which is a fall of 20.5 per cent from January to June last year.

Last instalment for the income year 2013 from the oil-producing sector

Six times a year, the oil-producing sector pays tax on income. The first instalment is in August, and the last instalment is in June. The first three instalments are due in the income year, while the last three instalments are due in the tax year. Estimated instalments for 2013 were reduced by 23 per cent, at about NOK 56 billion. The last instalment for the income year 2013 was due in June, and it shows a decrease in the tax payments from the oil-producing sector of 24.7 per cent, or NOK 58.1 billion.