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5833
Substantial increase in corporate tax
statistikk
2009-12-18T10:00:00.000Z
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, 2008

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Substantial increase in corporate tax

Corporations were assessed NOK 320 billion in taxes in 2008, which was NOK 59 billion or 23 per cent more than in 2007. The increase was mainly due to tax from oil companies.

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 ".

Oil companies were assessed income tax of NOK 94 billion and special taxes of NOK 160 billion. Assessed taxes for oil companies rose from 2007 by NOK 62 billion, or 32 per cent, to NOK 254 billion in 2008.

Growth for power and shipping companies

Power companies had NOK 5 billion in assessed income tax, NOK 5.6 billion in assessed tax on ground rent income and NOK 1.6 billion in assessed tax on natural resources in 2008. They experienced an increase of NOK 2 billion or 28 per cent in assessed taxes from the previous year. Assessed taxes for shipping companies taxed by the special rules for limited shipping companies also went up. Their taxes amounted to NOK 1.8 billion, which was an increase of NOK 173 million or 11 per cent from 2007.

Decline for land-based activities

With assessed taxes of NOK 55 billion, which was NOK 5 billion or 8 per cent less than in 2007, companies assessed pursuant to ordinary tax rules experienced a decline. In 2008, companies with losses were repaid over NOK 3 billion of the taxes assessed the two previous years, leading to a considerable fall in assessed taxes for land-based activities.

About the statistical basis

The statistics are based on the Directorate of Taxes’ register of non personal tax payers and include 229 941 limited companies and other corporations that pay tax in arrears. Most of the companies are taxed according to the ordinary tax rules, but there are exceptions. Power companies are taxed according to the Taxation Act Chapter 18, while shipping companies may choose to be assessed by the special rules for shipping companies according to the Taxation Act Section 8-10 to 8-19. All companies that are engaged in oil extraction on the Norwegian continental shelf or companies that are in pipeline transport, and foreign companies that provide services on the Norwegian continental shelf are assessed under the Petroleum Tax Act.

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