Tax statistics. Electric power station, 2001

The statistics includes all taxpayers that come under the rules for taxation of electric power companies. These are companies that own hydroelectric power stations or which are entitled to withdraw power. These companies often engage in other activities in addition to electric power production, and a considerable part of the income comes from activities other than production and withdrawal of electric power.

Tax deductions were doubled

Total tax deductions were NOK 6.3 billion, an increase of 3.8 billion from the previous year. Tax deductions include tax deduction for received dividends, tax deduction for tax paid to foreign country and tax deduction for tax on natural resources. Tax deduction for received dividends increased together with received dividends.

Paid less tax

Total assessed taxes were NOK 4.3 billion, or 300 million less than in 2000 as a result of strong increase in tax deductions. Assessed community tax before tax deductions amounted to NOK 8.1 billion, an increase of 2.9 billion from the previous year. Taxes on natural resources were NOK 1.6 billion, compared to 1.5 billion the year before. Natural resource tax is assessed on the power station's average production of electric power during the last seven years. This is a tax assessed by the municipalities and the counties and is calculated on the basis of a rate of NOK 0.011 per kilowatt-hour to the municipality and NOK 0.002 per kilowatt-hour to the county.

Assessed tax on ground rent income amounted to NOK 887 million, an increase of 93 per cent from the previous year. The basis is set for each power station according to the rules in Section 18-3 of the Taxation Act. This is a state tax.

Tables:

• Table 1 Number of taxpayers, basis for calculation of tax, deduction on tax and assessed tax. 1997-2001. Amount in million NOK (Updated 8 April 2003)
• Table 2 Number of taxpayers, basis for taxes on natural resources and assessed taxes on natural resources. County. 1999 - 2001
• Table 3 Number of taxpayers and basis for taxes on natural resources. 2001