Further decline in petroleum tax payments

PlatformState collects half the petroleum tax.Photo:pixabay.com

From January to April, a total of NOK 270 billion was paid in taxes in Norway. This is NOK 22 billion, or 7.6 per cent, less than in the corresponding period of 2015.

The decrease in total taxes is mainly due to a decrease in petroleum taxes. So far this year, petroleum tax payments total NOK 22.6 billion, which is less than half of the payments during the same period of 2015. The petroleum tax payments have been steadily declining for the past few years. When drawing comparisons with 2013 the decrease is even more evident; the 2016 payments so far this year are just 25 per cent of the payments in the same period of 2013.

Other payments through the non-personal taxpaying arrangement have also decreased, by a total of NOK 2 billion. A total of NOK 193 billion had been paid through the advance tax arrangement at the end of April. This is an increase of NOK 3.8 billion from the corresponding period of last year.

Increased tax payments to local government

The tax payments to local government increased from NOK 50 billion at the end of April 2015 to NOK 52.6 billion at the end of April 2016, which is an increase of 5 per cent. The tax payments to central government on the other hand were reduced from NOK 104.5 billion to NOK 102.3 billion during the same period, which is a decrease of 2.2 per cent since last year.


Source: SSB / Norway Today