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Increase in petroleum tax payments

Increase in petroleum tax payments

Thursday, 24 May 2012.

By the end of April, NOK 297.5 billion had been paid in taxes in Norway. This is an increase of 10.2 per cent from last year. NOK 73.1 billion has been paid in taxes on extraction of petroleum.

The sum of petroleum taxes consists of NOK 27.7 billion paid in ordinary petroleum tax and NOK 45.4 billion paid in special income tax on petroleum extraction. These sums have increased by NOK 5.4 billion and NOK 9 billion respectively from the corresponding period last year.

With the exception of petroleum taxes, the tax equalisation contributions to the central government paid through the non-personal taxpaying arrangement has been the most important source of income in April. NOK 24.5 billion was paid this month and the total for this year now stands at NOK 50.9 billion.

Including petroleum taxes and ordinary taxes to municipalities, counties and the central government, taxes paid through the non-personal taxpaying arrangement total NOK 129.9 billion from January through April 2012. This represents an increase of 14.5 per cent from the corresponding period of 2011.

NOK 167.3 billion has been paid through the advance tax arrangement so far this year including NOK 31.5 billion in member contributions and NOK 46.3 billion in employer contributions to the National Insurance Scheme. The sum of these contributions has increased by 7.3 per cent from the four first months of 2011.

Source – Statistics Norway

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