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7 paź 2024 · Total estimated tax payments from petroleum activities are about NOK 407 billion in 2024. Norway’s tax revenues from petroleum activities between 1971 and 2023 is shown below.
25 sty 2024 · Petroleum tax for 2023 is expected to end up at approximately NOK 465 billion. This results from new and updated figures presented by the Oil Taxation Office in the Tax Administration. After gathering updated figures from the oil companies, petroleum tax for 2023 was upwardly adjusted from NOK 433 billion to NOK 465 billion.
Petroleum Tax Office is responsible for the taxation of Norwegian and international companies involved in oil and gas exploration. Account for petroleum tax. Tax returns and tax assessments for petroleum companies. You must submit the tax return electronically by 30 April. You'll find forms, guidelines and standard letters here.
1 wrz 2021 · Today, upstream petroleum activities on the Norwegian continental shelf are taxed with a marginal tax rate of 78%. The tax is levied on two tax bases; a corporate tax base with a tax rate of 22% and a special tax base with a tax rate of 56%.
10 cze 2022 · The Government proposes changing the temporary tax rules for the petroleum sector. The proposal entails that the uplift rate is reduced from 17.69 per cent to 12.4 per cent. The adjustment in the uplift rate will take effect for expenses incurred from and including 1 January 2023.
Upstream petroleum companies in Norway are subject to both ordinary petroleum tax at the rate of 27% and an additional special tax of 51%. It should be noted that these taxes are calculated independently of each other.
The Norwegian Government is proposing to restructure the special tax as a cash-flow tax with immediate expensing of new investments. The proposal only applies to investments made from 2022 under the ordinary rules.
