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Tax payments down 5 percent in Norway in 2016

Staff Writer | January 18, 2017
Total taxes paid amount to NOK 756 billion at the end of 2016, which equals a decline of NOK 40 billion, or 5 per cent, from last year.
Norway government
Business in Norway   Total tax payments have been lower
Throughout 2016, total tax payments have been lower than earlier years due to reductions in taxes paid on petroleum extraction.

Since mid-2013, petroleum tax payments have been in consistent decline, and by the end of 2016 these payments are NOK 63 billion lower than the preceding year’s receipts.

Increased payments from both personal and non-personal taxpayer

Payments made through the advance taxpaying arrangement totalled NOK 645 billion in 2016, equal to an increase of NOK 21 billion compared to 2015.

NOK 173 billion of this sum was paid to the central government, NOK 179 billion was paid to local government and NOK 293 billion was paid to the National Insurance Scheme.

Tax payments from non-personal taxpayers have also increased. By the end of 2016, these totalled almost NOK 69 billion, which represents an increase of NOK 1.4 billion.

So far this year, local government has received NOK 181 billion in tax payments. This amounts to an increase of NOK 15 billion compared to 2015.

Payments to central government, excluding petroleum taxes, total NOK 238 billion, which is about the same amount as last year.


 

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