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)

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