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Published:
This is an archived release.
One half without taxable income
Nearly half of the joint-stock companies had in 1999 a tax deficit. Total deficit amounted to NOK 37 billion in 1999. In comparison, total deficit was in 1998 NOK 31 billion.
Total taxable income amounted to NOK 104 billion, an increase of NOK 14 billion, or 16 per cent, from the year before. Ordinary income increased by NOK 8 billion to NOK 67 billion, which mean an increase of 13 per cent from 1998.
Taxable income
Taxable income was NOK 248 billion in 1999, an increase of 27 per cent from 1998. This is mainly caused by the increase in entrepreneurial income, from NOK 116 billion in 1998 to NOK 150 billion in 1999. Capital income and received intra-group contribution/stockholder contribution were also increased since 1998. This contributed to an increased taxable income.
Tax deductions
As with taxable income, the tax deductions were also increased compared to 1998. The tax deductions increased with 28 per cent, from NOK 90 billion in 1998 to NOK 115 billion in 1999. Interest on debts increased by 16 billion, amounting to NOK 66 billion in 1999. Entrepreneurial deficit increased by NOK 9 billion, to NOK 48 billion in 1999.
About the sample
The statistics are based on data from a sample of 6 985 joint-stock companies.
A new Accounting Act has been in effect from 1999. This law might change underlying data of the assessed tax material.
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Contact
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Caroline Wang Paulsen
E-mail: caroline.paulsen@ssb.no
tel.: (+47) 40 81 14 10
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Hieu Minh Tran
E-mail: hieu.tran@ssb.no
tel.: (+47) 46 67 66 50