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210011
Ordinary income fell substantially
statistikk
2015-03-13T10:00:00.000Z
Establishments, enterprises and accounts
en
ifaksje, Income and deductions for companies, income from self-employment, taxable income, tax position, deductions, tax return accounts, reducing balance depreciationCorporate tax , Establishments, enterprises and accounts
false
Non-personal taxpayers had NOK 105 in ordinary income in 2013, which was a fall of more than 50 per cent, owing to changes in tax rules.

Income and deductions for companies, 2013

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Ordinary income fell substantially

Ordinary income for corporations amounted to NOK 105 billion in 2013; a fall of more than 50 per cent from 2012. A significant proportion of the fall resulted from changes in tax rules for companies engaged in oil extraction abroad.

Companies’ income and deductions. Main figures.Published 13 March 2015
2013
Non-financial corporationsFinancial corporations
Assessable incomes (NOK millioin)443 647120 924
Ordinary income (NOK million)76 50127 191
Positive (taxable) income (NOK million)187 73752 607
Number of enterprises229 53316 503

Source: Statistics Norway

Financial corporations had NOK 27 billion in ordinary income, while non-financial corporations achieved NOK 77 billion. Taxable income totalled NOK 242 billion; a decrease of 29 per cent from 2012. Negative income rose 41 per cent, to NOK 137 billion, largely owing to an increase in entrepreneurial deficit.

Significant change in entrepreneurial deficit for financial corporations

Entrepreneurial deficit stood at NOK 236 billion, of which non-financial corporations accounted for NOK 181 billion and financial corporations NOK 54 billion. Entrepreneurial deficit for financial corporations tripled from the previous year. Paid intra-group contributions doubled and deductions in the financial sector totalled NOK 94 billion. Total deductions for non-financial sector companies amounted to NOK 367 billion.

Total taxable income reduced

Taxable income mainly consists of entrepreneurial income and received intra-group contributions. Corporate taxable income was NOK 568 billion in 2013, dropping 8 per cent from the year before despite the fact that taxable income in the financial sector and received intra-group contributions from both sectors increased from 2012. Received intra-group contributions for financial corporations went up by 83 per cent, while increasing in the non-financial sector by 6 per cent.

Changes in tax rules

Tax exemptions for incomes from oil extraction in foreign countries were introduced in 2013. Correspondingly, expenses related to these incomes cannot be deducted from taxable income. The changes in tax rules affect the statistics and comparability with 2012.