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5 mar 2018 · This Act governs the taxation of exploration for and extraction of subsea petroleum deposits, and activities and work relating thereto, hereunder pipeline transportation of extracted petroleum. a) in internal Norwegian waters, in Norwegian territorial seas and on the continental shelf;
7 paź 2024 · The petroleum taxation system is based on the rules for ordinary company taxation and are set out in the Petroleum Taxation Act (Act of 13 June 1975 No. 35 relating to the taxation of subsea petroleum deposits, etc).
1 paź 2006 · The Petroleum Taxation Act. Click here (pdf) Act of 13 June 1975 No.35 relating to the Taxation of Subsea Petroleum Deposits, etc. Last amended by Act of 9 December 2005 No.109
The taxation of petroleum resources on the Norwegian continental shelf is governed by a special law concerning petroleum taxation (the Petroleum Taxation Act). The Act applies to extraction and pipeline activities on the Norwegian continental shelf.
25 sty 2024 · The changes in the Petroleum Taxation Act consist of a shift of the special tax for petroleum production into a cash flow tax that grants immediate deductions for new investments.
The Petroleum Tax Office is responsible for the taxation of Norwegian and international companies involved in oil and gas exploration and production on the Norwegian shelf. Petroleum Tax Authorities and the tax assessment process.
The Norwegian petroleum tax system is fairly robust when it comes to make sure that all income generated from E&P activities on the Norwegian Continental Shelf becomes taxable to Norway, and also that only related costs are deductible.
