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7 paź 2024 · This entails a special tax rate of 71,8 % in order to maintain a combined marginal tax rate of 78 %. 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.
28 lip 2020 · Changes to Norway’s offshore tax structure could transform the industry, with tax refunds of up to 100% of exploration expenses on offer.
16 lis 2023 · Tax revenue from the sector constitutes a considerably higher share of GDP for Norway (36% in 2022) than for the UK (0.4%). Oil and gas tax receipts in Norway are invested abroad through the sovereign wealth fund, which insulates the domestic economy from oil price volatility.
7 paź 2024 · For 2024, the tax rate is estimated to NOK 1.85 per standard cubic metre of gas and NOK 2,10 per litre of oil or condensate. For combustion of natural gas, this is equivalent to NOK 790 per tonne of CO 2 .
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.
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.
