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Substantial growth in assessed corporation tax
statistikk
2007-02-01T10:00:00.000Z
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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Tax statistics for companies, 2005

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Substantial growth in assessed corporation tax

Total assessed tax for limited companies amounted to NOK 231 billion in 2005, an increase of NOK 57 billion or 33 per cent from the previous year.

Mistakes in the statistics corrected in later publications

New rules were introduced in petroleum taxation in 2005, and these affect the figures for tax statistics on companies. The figures in this article do not reflect the corrections made. For new and updated figures, see tax statistics for companies and the tables therein (2009) (published on 20 December 2010, corrected on 25 January 2011).

For further information on the corrections and why they were made, see the article " Correction of statistics - paid exploration expenses ".

Corporation tax is dominated by a small number of large companies in oil extraction. In 2005, no less than NOK 185 billion or 80 per cent of assessed corporation tax came from these companies. This is an increase of NOK 53 billion from 2004. In comparison, the growth in assessed tax from 2003 to 2004 for companies in oil extraction was NOK 35 billion.

Reduced growth for land-based activities

Most limited companies are engaged in land-based activities. Total assessed tax for such companies amounted to NOK 39 billion, an increase of about NOK 2 billion or 5 per cent from 2004. In comparison, these companies experienced an increase in assessed tax of NOK 10 billion from 2003 to 2004.

Power and shipping companies

For power and shipping companies assessed by special rules, assessed tax totalled NOK 5.5 billion and NOK 0.5 billion respectively in 2005. Assessed tax for power companies rose by NOK 1.7 billion, while assessed tax for shipping companies rose by NOK 0.2 billion from 2004 to 2005.

About the statistical basis

The statistics are based on the Directorate of Taxes’ register of non-personal taxpayers and include 191 832 limited companies and other corporations that pay tax in arrears. This is an increase of 28 817 from 2004. The increase in the number of limited companies is most likely due to transition rule E in the tax legislation, according to which privately owned shares could be transferred to a holding company tax-free by 31 December 2005.

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