Country Profile: Norway

Tax to GDP ratio: 41.4%

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%

Source

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

Oil and Gas Revenues

  • Total government revenue from oil & gas in 2022: $60.1 billion
  • Share of oil & gas activity covered: 100%

Source: ICTD

These figures represent an aggregate of fossil fuel revenues collected through various fiscal instruments, including royalties, taxes, and production entitlements.

Carbon Pricing: No information available

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