
Country Profile: Norway
Tax to GDP ratio: 43.44
Financial Transactions Tax (FTT): No tax in place
There is no FTT. However, entities within the financial services sector are, in general, subject to a special payroll tax. The tax rate is 5% and shall be calculated on the wage base. Companies where the employees use more than 30% of their time on financial services exempt from VAT will be comprised by the tax.
Source: PWC
Aviation: Yes – tax in place
- Air passenger tax
- Domestic and intra-Europe flights: NOK 60 per passenger
- International flights: NOK 342 per passenger
- VAT on domestic flights: 10%
Beneficiary of aviation tax: Not specified
Source: European Commission: CE Delft and Directorate-General for Mobility and Transport, Taxes in the field of aviation and their impact – Final report, Publications Office, 2019
Oil and Gas Revenues
- Total government revenue from oil & gas in 2022: $60.1 billion
- Share of oil & gas activity covered: 100%
Source: ICTD (all types of taxes : royalties, income tax, mineral rent tax, production entitlements)