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Substantial reduction in assessed corporate taxes
statistikk
2016-12-23T08:00:00.000Z
Establishments, enterprises and accounts
en
skattepl, Tax statistics for companies, taxable income, taxable wealth, assessed tax, corporation tax by industry, due in arrears, tax position, type of tax (for example income tax, capital tax, natural resource tax), oil production companies, power companies, shipping companies, onshore activitiesCorporate tax , Establishments, enterprises and accounts
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The statistics present assessed taxes for companies. Assessed taxes for companies stood at NOK 139 billion in 2015.

Tax statistics for companies, 2015

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Substantial reduction in assessed corporate taxes

Assessed corporate taxes stood at NOK 139 billion in 2015, which was a decrease of NOK 69 billion, or 33 per cent, from 2014.

Total assessed tax, by tax rulePublished 23 December 2016
2015
Amount (NOK million)Per cent
1Including foreign shelf companies assessed by the Petroleum Tax Act.
Total139 336100.0
Oil extraction companies169 71550.0
Power companies5 3413.8
Shipping companies1730.1
Land based activities64 10746.0

Source: Statistics Norway

Oil companies, with a decrease of NOK 70 billion, accounted for most of the fall in corporate taxes. Assessed income tax for oil companies amounted to NOK 34 billion, assessed special taxes totalled NOK 52 billion, and paid exploration expenses stood at NOK 16.7 billion in 2015. Oil companies had a total of NOK 70 billion in assessed taxes in 2015.

Decline for power companies continued

The fall in assessed taxes for power companies continued in 2015, with the taxes dropping from 2014 by NOK 1.2 billion to NOK 5.3 billion in 2015. Income tax was NOK 1.3 billion in 2015, which was a reduction of 38 per cent from the previous year. Tax on ground rent income was NOK 1.0 billion lower than in 2014, and amounted to NOK 3.3 billion in 2015.

Tax for land-based activities rose

Assessed taxes for land-based activities rose from 2014 by NOK 2.4 billion to NOK 64 billion in 2015.