Budget 2013

Keyfigures for the Norwegian economy Main figures of the Fiscal Budget Direct and indirect tax rates

Main figures of the Fiscal Budget and the ension Fund !lo"al excluding "orrowing and lending transactions for 2012 and 2013
#N$K million% &stimated 3do*ted accounts "udget 2012 2013 'otal re(enue of the Fiscal Budget 1 2,1 ,./ 310 .01 )e(enue from *etroleum acti(ities 010 0/2 001 1., )e(enue excluding *etroleum re(enue .-- 2/, /13 -20 'otal ex*enditure of the Fiscal Budget //- .0/ 1 0-2 320 &x*enditure on *etroleum acti(ities 2- 002 2. 002 &x*enditure excluding *etroleum ex*enditure /,0 .0, 1 03, 31. FiscalBudget sur*lus "efore transfers to the ension Fund !lo"al Net cash flow from *etroleum acti(ities etroleum ad+usted sur*lus 2,/ /3/ 20/ 222 'ransferred from the ension Fund !lo"al 3.0 0/0 3,3 1.2 FiscalBudget sur*lus 1100 220 1123 --3 Net allocated to the ension Fund !lo"al 100 220 123 --3 Fund re(enue from interest and di(idends 0 0 'otal sur*lus of the FiscalBudget and the 2,/ /3/ 20/ 222 ension Fund 10. .00 130 -00

4 1 4 5 4 5 5

3.. ,3/ 3.0 122

'he "orrowing and lending transactions6 and financing re7uirements6 of the Fiscal Budget for 2012 and 2013
#N$K million% &stimated 3do*ted accounts "udget 2012 2013 8ending6 su"scri*tion for shares6 1 )e*ayment sur*lus 1 FiscalBudget 4 Net financing re7uirements 5 De"t instalments financing re7uirements of 4 !ross Budget etc9 11. 12, 0 13/ 0 Fiscal 13/ 0.2 103 2/2 .0 0 210 2. -210 120 113 /32 1,. 200 ,22

the

Mar:eds(erdien a( ;tatens *ens+onsfond Mar:et (alue of the !o(ernment ension Fund !lo"al N$K "illion9 &nd of the year utland 19 Mrd9 :roner (ed utgangen a( <ret 4500
4000 3500 3000 2500 2000 1500 1000 500 0 1995
;ource= Ministryof

1998
Finance9

2001

2004

2007

2010

2013

1;tatens *etroleumsfond

f>r 200-9

Kilde= Nas+onal"uds+ettet 20136 Finansde*artementet 9For(entet

Billion 20131:roner ;tatens *ens+onsfond

reala(:astning a(

og structural6 non1oil Fiscal ;tructural deficitStrukturelt, oljekorrigert underskudd Budget deficit unders:udd9 Mrd9 201and stru:turelt6 150 ol+e:orrigert 0 *ct9 real return4 prosent
&x*ected 175 real return on the !o(ernment ension Fund !lo"al
realavkastning 125

100

75

50

25

0 2001
;ource= Ministryof

2003
Finance9

2005

2007

2009

2011

2013

Kilde= Nas+onal"uds+ettet 20136 Finansde*artementet 9

0

3ntall eldre #-, <r og o(er% i forhold til antall 3ntall eldre #-, <r og o(er% i forhold til <r%9*ersoner i yr:esa:ti( alder #20?-- antall *ersoner&lderly #-, years and a"o(e% to wor:ing age *o*ulation 60
#201-years% 60 er 50 50

rosent i yr:esa:ti( alder #20?-- <r%9 Norge NorwayNorge cent rosent &@1landene
&@1countries&@1landene &uroomr<det &uro1area&uroomr<det

40 40

30 30

20 20

10 10

0 0 1970 1970
;ource= Ministryof

1985 1985
Finance9

2000 2000

2015 2015

2030 2030

2045 2060 2045 2060

Kilder= Nas+onal"uds+ettet 20136 Finansde*artementet9Kilder= Nas+onal"uds+ettet 20136 !o(ernment net *etroleum re(enues6 structural non1oil "udget deficit and Finansde*artementet9 ex*ected real return on !o(ernment ension Fund !lo"al etroleumsinnte:ter og fondsa(:astning 25 etroleumsinnte:ter og fondsa(:astning er cent of Mainland
25 Norway 20 20

!D

Statens nettoAentral go(ernmentStatens netto Net cash flowkontantstrm kontantstrm Strukturelt;tructural non1 oilStrukturelt Budget orventet &x*ected deficit underskuddunderskudd return orventet on the Fund!ondsavkastning!ondsavkastni ng

1515

1010

55

00

"5"5 19701970

19851985

20002000

2015

2030

20452045 20602060

Kilder= Nas+onal"uds+ettetKilder= Nas+onal"uds+ettet 20136 Finansde*artementetFinansde*artementet

2

;ource= Ministryof

Finance9

Key figures for the *etroleum sector

$il *rice sensiti(ity 20131

2011

2012

2013

2010

3ssum*tions= Arude oil *rice6 N$K *er -21 "arrel 11. 1 Arude oil and N8! 100 1 Natural gas N$K "illion= aid taxes2 210 Net re(enues from ;DFB 12. Net cash flow3 321

-01110,

-22 110 110

00112 112

22. 103 3.0

230 12/ 3,3

1-/0 2-/

2919/ 092

&ffects of an oil *rice Bncome tax and s*ecial tax 3% A$2 emissions etc9 'axes and excise duties6 net interest% and di(idends ;ources= ;tatistics Norway6 Finance and )euters &cowin9
1% 2%

increase of on *etroleum

N$K 10 income93rea #'he and

*er fee

"arrel9 and tax

on

re(enues from ;DFB from ;tatoil9 Ministryof etroleum

;tateCs direct

financial

&nergy6 Ministryof

Ahild "enefit and cash "enefit for 2012 and 2013

20121rules Ahange 20131rules 201212013

3nnual ;ingle #children &xtra child Finnmar:6 Monthly children Monthly children

child "enefit *arent rate 013 yearsold%

rate

N$K 11 N$K ,

-00 N$K /20

11

-00 1 /20 1

N$K ,

"enefit allowance in North 'roms and full rate cash "enefit aged 1311. months full rate cash "enefit aged 1/123 months

N$K 3 .00 N$K 3 ;(al"ard for N$K 2 0002 N$K 2 for N$K 3 it 1/ 303 N$K 3 is

.00 1 0001 1 cash "enefit9 less *er

303 gi(enfull or

Bf

the child is Bf the child *artial day care wee:6 the is 20 *ercent
1 2

not has in cash of

in

:indergarden6

:indergarden at "enefit the full rate9

only the aged to full 13132

hours

Before 1 month for

3**lica"le 3ugust 2012 children Finance9

single *arents recei(ing cash "enefit was 3 months9

transitional 303 N$K

"enefit9 *er

;ource= Ministryof

Fiscal Budget re(enue and ex*enditure 20136 excluding "orrowing and lending transactions
#N$K "illion% Fiscal Budget re(enue #excl9 *etroleum% /139, ;um direct and indirect taxesfrom Mainland Norway .229/ 'axeson wealth and income22292 &m*loyerCs and em*loyeeCs social security contri"utions 2-292 Dalueadded tax23-90 &xcise duties on to"acco and alcohol2091 &xcise duties on cars6 *etrol6 etc9 209. &xcise duties on electricity,91 Austoms re(enue29. $ther indirect taxes2192 )e(enue from go(ernment "usiness o*erations Bnterest and di(idends $ther re(enue 19/ 309/ 2290

Fiscal Budget ex*enditure #excl9 *etroleum% 1 03,93 )etirement *ension 1-292 ;ic:ness allowance 3,9, $ther social security *ayouts #social causes% 11090 Disa"ility and medical reha"ilitation 2290 Maternity6 *aternity and ado*tion *ay 1.91 @nem*loyment "enefit and *ayments relating to occu*ational reha"ilitation )egional health enter*rises #hos*itals% !eneral grants to local gou(ernments 1291 Eigher education and tertiary (ocational education 11290 Defence 10392 'rans*ortation #including o*eration and maintenance 2.9, of classified roads% 0292 Foreign aid #$D3 a**ro(ed%F Ahild "enefits 3gricultural 3greement 3.90 olice and *u"lic *rosecution 2/93 Bnterest on go(ernment de"t 1290 $ther ex*enditure 1092 139129. 21.93

etroleum ad+usted !o(ernment net

sur*lus cash flow from *etroleum acti(ities

11239, 3,392

Bn ca*ital that

additon6 count as

there are 09/ official de(elo*ment

"illion aid

N$K

to

Norfund

*rimary

BN for Fastlands1Norge og sysselsatte *ersone rosent(is endringem*loyment9 Ahange from *re(ious yearfra <ret8 f>r er cent!D for Mainland1Norway#$%&m*loyment !or S&sselsatte personer
astlands"$orge 6 !D for Mainland1Norway and 10

"2

"4 2000 2002 2004

Norway and

2006
Ministryof

2008

2010

2013

;ources= ;tatistics Finance9

Kilder= ;tatistis:3r"eidsledighet sentral"yr< og Finansde*artementet9

rosent a( ar"eidsstyr:en @nem*loyment er cent of la"our force

14
&uro1area'uroomr(det

12

$&AD1countries)'*+"landene Norway$orge

10

0 1980 1985 1990 1995

Ministryof

2000

2005

2011

;ources= $&AD6 ;tatistics Finance

Norway and

. Kilder= $&AD6 ;tatistis: sentral"yr< og Finansde*artemen

Konsum*riser rosent(is endring fra samme m<ned <ret Ahange from *re(ious year9 er cent f>rAonsumer *rices
8
A B #total%,%- .totalt/ #ad+usted for tax changes and,%-"01'

A B13'&

.justert !or avgi!tsendringer og utenom excluding energy *roducts%energivarer/

"2 2000
;ource= ;tatistics

2002
Norway

2004

2006

2008

2010

2012

Kilde= ;tatistis: sentral"yr<9

samlet o(ers:udd i stat$l+e:orrigert o(ers:udd ogof the Fiscal Budget and the !o(ernment ension Fund;tatens *ens+onsfond utland 600 rosent a( BN for FN$K "illion
Non1$il Fiscal Budget sur*lus and ;ur*lus
500
$il1ad+usted sur*lus )ljekorrigert overskudd

400
'otal sur*lus of the FiscalSamlet overskudd p( Budget and the ension Fundstats2udsjettet og Statens pensjons!ond

300

200

100

"100

"200

1985

1990

1995
Norway and Ministryof

2000

2005

2013

;ources= ;tatistics Finance

Kilder= Nas+onal"uds+ettet 20136 Finansde*artementet9 /

&x*enditure and re(enue for the fiscal year 2013

&x*enditure 'otal ex*enditure )oyalEouse !o(ernment arliament ;u*reme Aourt Ministry of Foreign 3ffairs Ministry of &ducation and )esearch Ministry of Aulture Ministry of Gustice and u"lic ;ecurity Ministry of 8ocal !o(Ctand )egional De(9 Ministry of 8a"our Ministry of Eealth and Aare ;er(ices Ministry of Ahildren6 &7uality and ;ocial Ministry of 'radeand Bndustry Ministry of Fisheries and Aoastal 3ffairs Ministry of 3gricultureand Food Ministry of 'rans*ort and Aommunications Ministry of the &n(ironment Ministry of !o(ernment 3dm96 )eform Ahurch 3ffairs Ministry of Finance Ministry of Defence Ministry of etroleum and &nergy Darious ex*enditure ;tate "an:s !o(ernment *etroleum acti(ities !o(ernment "usiness o*erations National Bnsurance ;cheme !o(ernment ension Fund !lo"al 1/0 310 1 -.0 .2 0.0 32 /-03 2.0 / ,10 2/ .22 12. .10 20 /-0 121 330 Bncl9 32 /00 2,, 2 003 1, 100 3. /00 2 000 and 2/10. .,2 02 220 1- /,2 10 .21 120 212 2. 001 1 .3, 3-/ 332 3,3 1.2 20, /20 220 /,2 2/3 2-1 2,, /2, 002 0// 3-3 0./ 02, 1/1 000 -,. -3200 2// 0,1 000 022 .00 /11 .0. 200

'otal ex*enditure

-0. 1-1 ,0,

19 29

)e(enue #ex Fund !lo"al% &x*enditure

re*ayments #ex9 lending6

and transfer

from the

!o(ernment

ension

39 09 29

Fund !lo"al ;ur*lus "efore "orrowing and lending transactions from the !o(ernment ension Fund !lo"al #112% 'ransfer from the !o(ernment ension Fund !lo"al ;ur*lus "efore "orrowing and lending transactions

de"t instalments% $*eration ex*enditure New Aonstruction 'ransfers to others 'ransfers to the !o(ernment "efore #350%

ension transfer

10

#1000 N$K%
$*eration ex*enditure 1. 3.1 310 /20 1 30.2 0.0 0 .,/ 3 2,2 1 -,0 22 .-. 00/ 022 21 ,./ 0 3/./. 1 ..2 3 302 1 2.0 12 1// 2 .00 0 332 / 120 30 .00 2 200 10 .21 -22 0-0 1 .00 122 3/0 1 1 New construction 1 1 1-- 300 1 222 //2 20 22. 30 .12 1 2,,00 /.2 /-0 1. 01, 10 200 10 ,00 ,-2 1-0 / ,,3 1-0. -32 22-30 0-1 21, ,00 10 ,,, 10 000 1 22- 22, 2. 000 1 .-0 1 1 'ransfers 8ending to others rowing 1,2 1 1,2 1 2/ /-00 2.0 . 002 2 -,, 12. 001 11 1/1 11- /1. 22 //2 0 3.0 ./0 12 202 , 021 2 001 1 32/ 32 //3 -02 0 021 1 12 01, 1 1 3-/ 332 3,3 1.2 .2000 .12 ,0/ 310 0.1 1,2 1,1 1./ 0-. 320 /,0 /20 000 3-2 203 000 .22 .20 21. .0. 200 and "or1 transactions

220 30. 31032 200 .,1 3/3 ,/2 03/ ./, 0/. ,00 0/0 /,2 .00 ,12 -21 000

//2

/00

,2/

000 301

1 1 1 1 ./, 1 1 1 1 21 000 1 200 1 1 1 1 1 1 1 -- 200 1 10 000 1 111 213 1 1 1 1

.-0

000

000 000 -03

12. 02- 20.

-2

230 3,.

21, /13 .1. 20/ -2, 003

Fiscal Budget ex the National Bnsurance ;cheme 1 1 12. -2 0,2 3,3 00, 0-/ 02230 3/2 1.2 200 ,-2 1-. /320. 3,. .10 200

National Bnsurance ;cheme

Fiscal Budget incl9 the National Bnsurance ;cheme 310 03. 02230 ,2. 1.2 .01 01, 200 ,00 20. 3,. -1. 200

2-, 33- -22 1 3-/ 332 .0. 1 1 12. 1 -2 3-/ 332 .0..00 1 3,3

121 --0 1,0 123 --3 32, 101 /// 123

1101 /// 123 1123 --3 32, 1 123 --3 32, 1101 /// 123 1

11

)e(enue 'otal re(enue

'axeson wealth and income 222 0.2 000 &m*loyerCs and em*loyeeCs social security 2-2 200 000 contri"utions 2 ,-0 000 Austoms re(enue 23- 000 000 Dalueadded tax 12 020 000 &xcise duties on alcohol , -20 000 &xcise duties on to"acco 33 -30 000 &xcise duties on cars 02 ,31 210 $ther excise duties .22 /0- 210 'otal taxesand duties 102 .-0 Bnterests from go(ernment "usiness o*erations 1 ,.1 .30 $ther re(enue from go(ernment "usiness o*erations 1 .., -/. 'otal re(enue from go(ernment "usiness o*erations . 013 230 Bnterests from state "an:s , -21 130 Bnterests from cash "alance and other 10 .3, 222 Di(idends exclusi(e ;tatoil Bnterests and di(idends #ex !o(ernment "usiness o*erations and ;tatoil% )e(enue from the ministries 'ransfer from Norges Ban: )eturn of assets from 'he ;tate Ban: Bnsurance Fund 30 /02 223 'otal other re(enue 20 /2. 2.2 )e(enue from go(ernment *etroleum acti(ities 1 'axesand duties on extraction of *etroleum Di(idend from ;tatoil 'otal *etroleum re(enue 1 )e*ayments 20 /2. 2.2 !o(ernment ension Fund !lo"al 12, 000 000 22/ /00 000 13 .., 000 001 1., 000 .0 /30 //0 123 --3 32,

'otal re(enue

223 03/ ,3.

Borrowing and lending transactions= -9 8oans6 de"t instalments6 su"scri*tion of shares o(erall 8oans to the state "an:s De"t instalments $ther loans6 su"scri*tion of shares ,9 )e*ayments .9 8oans #net% #-1,% /9 $(erall financing re7uirements 1 of cash "alance and "orrowing and lending assets #.12%

12

$*eration re(enue

)e(enue related to construction 1 1 1 1 1 1 1 1 1 1 200 200 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

'axes6 duties new and other )e*ayments transfers 222 0.2 2-2 200 2 ,-0 23- 000 12 020 , -20 33 -30 02 ,31 .22 /0102 11 300 11, . 013 , -21 10 .3, 000 000 000 000 000 000 000 210 210 .-0 1-0 230 130 222 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

1 1

,,0 030 ,,0 030

1,

1 1

1,, ,22

1 2.- 2/0 1

30 , 1

/02 223 0/0 23-

1 1 1

1 1, 1,, ,22 12/ 000 000 1 1 12/ 000 000 1 1

1 2.- 2/0 22 000 000 1 1 22 000 000 1 1

, 22/ 13 220 123

1 0/0 000 /00 .., 1., 1 --3

23000 000 000 000 32,

.0

1 1 1 1 1 1 1

/30 //0

10- 1,. 222

20

02- 32.

2-. 2,0 1-0 .0

/30 //0

Fiscal Budget ex the National Bnsurance ;cheme

National Bnsurance ;cheme

Fiscal Budget incl9 the National Bnsurance ;cheme

20/ 111 -31 .0 120

-2, 213 200 .// /30 ,22

003 -03 000 3-0 //0 00/

1 1 1 1 1 1

20/ 111 -31 .0 120

-2, 213 200 .// /30 ,22

003 -03 000 3-0 //0 00/

22

,22 .2-

101 /// 123 120 ,22 00/

13

Macroeconomic de(elo*ments ercentage change from *re(ious year1%

N$K "illion2% 2011 2011 2012 2013

ri(ate consum*tion1 1319, 292 u"lic consum*tion2/09. 19. !ross fixed ca*ital formation23-9. ,9$f which= $il acti(ities3%10292 Mainland"usiness sector 1,091091 )esidential construction12293 392 u"lic sector.-9. 219/ Final demand from Mainland Norway 2 10292 292 &x*orts 1 1009/ 393 $f which= 119. Arude oil and natural gas2-290 'raditional goods31-90 Bm*orts,,-91 $f which= 1-92 'raditional goods 0,091 090 !ross Domestic roduct2 ,2090 39. $f which= Mainland Norway2 0./9, Memo= &m*loyment99 39@nem*loyment rate #8F;9 *er cent of la"our force%99 192 292 Aonsumer *rice index 99 Aonsumer *rice indexad+usted for tax changes and excluding energy *roducts #A B13'&%99 193 Hage growth 99 Arude oil *rice #N$K *er "arrel%0% Aurrent account sur*lus6 *er cent of !D 99 393 !ross National Bncome #N$K "illion%0%99 192 09/19319, 062091

39, 090 19/ 291 ,9, 29.

1290 09/ /90 092 392 19-

,60 291 .90 29. 39. 190

190 1091 193 292 092 290

090 29391 292 39, 29/

291 193 391 392 09. 19/

-21-3,-22 139-13931190 2,.. 2 /00 3

1 2 3

0 03-

in

ercentage change is fixed *rices9 National accounts &xcl9 ser(ices9 Aurrent *rices9 Norway and

calculated current *rices9

;ources= ;tatistics Finance9

Ministryof

10

Direct taxes6 rates and thresholds for 2012 and 2013

2012 2013 Ahange 201212013

'ax rate on Iordinary incomeJ Bndi(iduals12. *ct92. *ct9 Aor*orations 2. *ct92. *ct9 ;urtax Brac:et 1 'hreshold N$K 0/0 000 N$K 20/ -00 )ate2 /90 *ct9/90 *ct9 0 Brac:et 2 1 'hreshold N$K ,/- 000 N$K .2. 300 )ate 1290 *ct91290 *ct9 ;ocial security contri"ution 0 'hreshold for the *ayment of social 1 security contri"ution N$K 3/ -00 N$K 3/ -00 8e(elling rate 2290 *ct92290 *ct9 )ate Hage income ,9. *ct9,9. *ct9 Bncome from self1em*loyment in ,9. *ct9,9. *ct9 fisheries and child care3 Bncome from other self1em*loyment 1190 *ct91190 *ct9 ension income6 etc9 09, *ct909, *ct9 &m*loyersC social security contri"ution Kone B 1091 *ct91091 *ct9 Kone Ba0 1091 *ct91091 *ct9 Kone BB 109- *ct9109- *ct9 Kone BBB -90 *ct9-90 *ct9 Kone BD 291 *ct9291 *ct9 Kone BDa ,9/ *ct9,9/ *ct9 Kone D 090 *ct9090 *ct9 Maximum effecti(e marginal tax rates Hage income excl9 em*loyersC social 0,9. *ct90,9. *ct9 security contri"ution Hage income incl9 em*loyersC social 2093 *ct92093 *ct9 security contri"ution ension income2009, *ct9009, *ct9 ;elf1em*loyment income3 2190 *ct92190 *ct9 Di(idends and withdrawals0.92 *ct90.92 *ct9 ;tandard allowance Alass 1 N$K 02 320 N$K 0, 120 Alass 2, N$K /0 ,00 N$K /0 300

1 1

*ct9

*ct9

1 1 1 1 1 1 1 1 1 1 1 1 1

1 1 1 1 1

0 0

*ct9 *ct9

For cent9 1 cent 3

2

tax*ayers

in

Nord1'roms

and

Finnmar:6

the

rate

is

2092

*er

For tax*ayers in Nord1'roms and Finnmar:6 the rate is , *er in "rac:et 19 'he self1em*loyed in fishing6 hunting and in child1care in own home #children under 12 or with s*ecial needs for care and nursing% ha(e a ,9. *er cent social securitycontri"ution on self1em*loyed income93 lower social securitycontri"ution rate for fishing and hunting relates to the fact that these sectors *ay a *roduct tax i9a9 intended to ma:e u* for the difference "etween the ,9. *er cent and the 11 *er cent social securitycontri"ution9 0 Bn Lone Ba6 em*loyersC social securitycontri"ution shall "e *aid at a rate of 109*er cent until the difference "etween what the enter*rise actually*ays and what the enter*rise would ha(e *aid at a rate of 1091 *er cent e7uals the de minimisstate aid threshold9 Bn 20136 the threshold is N$K 2306000 *er enter*rise9 For road trans*ort com*anies in Lone Ba6 the threshold is N$K 2-260009 2 For the disa"led etc9 that are su"+ect to the tax limitation rule6 12 cent9 the maximum effecti(e marginal tax rate may reach 22 *er Bncluding a 2. *er cent cor*oration tax rate9 , 'ax*ayers who su**ort their s*ouse are taxed in class 29

2012

2013 Ahange 201212013

Basic allowance in wage income )ate 8ower limit @**er limit.

3.90 N$K 0 N$K ,.

*ct90090 000 N$K 120 N$K

*ct9 2 *ct9*oints 0 0001 .1 3000 *ct9

Basic allowance in *ension income )ate 8ower limit @**er limit

2-90 N$K 0 N$K -2

*ct92-90 000 N$K 020 N$K

*ct9 1 0 000 1 -. 0020 *ct9

;*ecial wage income allowance/ ;*ecial allowance for disa"ility6 etc9 ;*ecial allowance for single *arent10 'ax credit for *ension income Maximum tax credit Downscaling6 "rac:et 1 'hreshold )ate Downscaling6 "rac:et 2 'hreshold )ate

N$K 31 N$K 32

.00 N$K 000 N$K 1 N$K

31 32 0,

.001 0001 1-0 New

N$K 2/

300 N$K

30 392 300 *ct9 1,0 392,20 *ct9 *ct9 1 22/392 .00*ct9 *ct9 1

N$K 1-2 000 N$K 1293 *ct91293 N$K 221 ,00 N$K -90 *ct9-90

'he tax limitation rule for the disa"led6 etc911 8e(elling rate2290 *ct9 2290 *ct9 'ax1free net income ;ingle N$K 122 100 N$K 12, 000 Married *erson12N$K 112 200 N$K 11- ,00 Net wealth su**lement )ate 192 *ct9 192 *ct9 'hreshold for singleN$K 200 000 N$K 200 000 'hreshold for married *ersonN$K 100 000 N$K

1 0 0 *ct9 *ct9

1 100 000 1 1

;*ecial allowance for tax*ayers in Finnmar: and Nord1'roms Alass 1 N$K 12 000 N$K 12 000 Alass 2 N$K 30 000 N$K 30 000

1 1

;eamenCs allowance )ate @**er limit

3090 N$K .0

*ct93090 000 N$K

*ct9 1 .0 000 1

FishermenCs allowance )ate @**er limit

.

3090 *ct93090 N$K 120 000 N$K

wage to N$K ha(e

*ct9 1 120 000 1

of the the "asic "asic

'he sum of the "asic allowance in allowance in *ensionincome is limited u*wards the / maximum "asic allowance in wage income6i9e9 'ax*ayers who only ha(e wage income shall allowance in wage income and the s*ecial wage income allowance9 10 )e*laces class 2 for single *arents9 11 'he tax limitation rule a**lies also to they recei(e interim su**ort9 12 Married disa"led *ersonsthat recei(e a s*ouse income that is e7ui(alent to twice the 1tax1free net income of other married*ersons6 i9e9

income and

.16300 in 20139 the highest of

single

*arents6 ha(e

"ut a in

only

if

su**lement6 N$K

tax1freenet 20139

2336000

2012

2013 Ahange 201212013

;*ecial allowance for self1em*loyed in agriculture6 etc9 Bncome1inde*endent allowance N$K -3 200 N$K -3 200 3llowance rate a"o(e income1 inde*endent allowance 3.90 *ct93.90 *ct9 Maximum total allowance N$K 1-- 000 N$K 1-- 000

1 1 1

;*ecial allowance for high ex*enses related to illness 8ower limit N$K / 1.0 N$K / 1.0 Maximum annual allowance for *remiums *aid to indi(idual *ension schemesN$K 12 000 3llowance for tra(el ex*enses "etween domicile and wor: )ate *er :m N$K 1920M09,0N$K 1920M09,0 8ower limit N$K 13 /20 N$K 13 /20

1 1

Maximum allowance for donations to (oluntary organisations N$K 12 Maximum allowance for la"our union fees etc9

000 N$K

12

000 1

N$K 3

,20 N$K 3 29, .20 *ct9

Eome sa(ings scheme for *eo*le under 30 #B;@% 'ax deduction rate 2090 *ct92090 *ct9 Maximum annual sa(ings N$K 20 000 N$K 20 000 Maximum total sa(ings N$K 120 000 N$K 120 000

1 1 1

arental allowance for documented ex*enses on childcare @**er limit $ne child N$K 22 000 N$K 22 000 ;u**lement *er additional child N$K 12 000 N$K

12

1 000 1

'ax1free *er :ilometre allowance for "usiness dri(ing with *ri(ate car er :ilometre rate u* to 10 000 :mN$K 39/0N$K 090239. *ct9 er :ilometre rate o(er 10 000 :mN$K 3922N$K 390009*ct9

'ax on net wealth13 8ocal go(ernment 'hreshold )ate Aentral go(ernment 'hreshold )ate

N$K ,20 000 N$K 09, *ct909, N$K ,20 000 N$K 090 *ct9090

.,0 1- 000 *ct9 *ct9 1 .,0 1- 000 *ct9 *ct9 1

'he threshold assessed together (alues are dou"le of those

13

(alues are for for assets6 the shown in the

single tax*ayers9 threshold ta"le9

For

marriedcou*les that

are

1,

2012

2013

Ahange 201212013

'ax on net 'hreshold 8e(el 1 8e(el 2 )ates Ahildren 8e(el 1 8e(el 2 $ther 8e(el 1 8e(el 2 Discount

wealth13 N$K 0,0 000 N$K N$K .00 000 N$K and *arents "eneficiaries on shares10 10 . 12 00 *ct9 *ct9 *ct9 *ct9 *ct9 10 . 12 00 *ct9 *ct9 *ct9 *ct9 *ct9 1 1 1 1 1 0,0 000 .00 000 1 1

De*reciation rates 3sset grou* a #office e7ui*ment6 etc9%30 *ct930 *ct9 3sset grou* " #ac7uired goodwill%20 *ct920 *ct9 3sset grou* c #lorries6 "uses6 (ans6etc9%20 *ct920 *ct9 3sset grou* d #*assenger cars6 machinery and e7ui*ment6 etc9%20 *ct920 *ct9 3sset grou* e #shi*s6 (essels6 rigs6 etc9%10 *ct910 *ct9 3ssetgrou* f #aircraft6 helico*ters% 12 *ct912 *ct9 3sset grou* g #systems for transfer and distri"ution of electricity and electro technical e7ui*ment% 2 *ct92 *ct9 3ssetgrou* h #"uildings and facilities6 hotels6 etc9%1261-0 #-M10% *ct9 0 #-M10% 3sset grou* i #"usiness "uildings etc9% 2 *ct92 *ct9 3sset grou* + #technical installations in "usiness and other commercial "uildings% 10 *ct910 *ct9

1 1 1

1 1 1 *ct9

1 1 1

1 &xem*tion card *erson with incomes "elow the from *ay1 ing taxes9 'he exem*tion card limit for exem*tion card limit is "ased on the lowerlimit security con1 tri"utions6 which in 2013 is 3/ -00 collected if the total tax is 100 N$K6 'he *aya"le discount a**lies"elow to non1listed shares the and limited3/ *artnershi*s9 'he discount is /20 N$K9 limited to an inheritance tax "asis for these
10 12

exem*tion card limit is 2013 is for the 3/

exem*t

/20 N$K9 'he of not is social

*ayment is

N$K9 ;incetax

lowerlimit for *aying shares in general *artnershi*s tax and

:inds of shares of u* 20 with to years an

N$K 10 millions *er "eneficiary9 ;im*ly structured "uildings with can "e de*reciated at the cent9 'he rate of 10 *er cent ;ource= Ministryof Finance9 ex*ected lifetime of less than 13 rate of *er

an rate is 20 cent

ex*ected lifetime of less than of 10 *er also a**lica"le for facilities years9 a**lies to animal "uildings in

agriculture9

1.

Bndirect tax rates in 2012 and 2013

'ax category 20122013 Ahange rulesrulesin *ct9 sales (alue1 22 12 . 22 12 . 1 1 1

Dalue added tax6 *er cent of !eneral rate )educed rate 8ow rate

'ax on alcoholic "e(erages ;*irits1"ased "e(erages in excess of 09, *ct9 alcohol "y (olume6 N$K *er *ct9 alcohol and -9.2 19/ *er litre -9,2 $ther alcoholic "e(erages from 09, to 22 *ct9 alcohol 090- 19. "y (olume6 N$K *er *ct9 alcohol and *er litre093. $ther alcoholic "e(erages u* to and including 09, *ct9 alcohol "y (olume6 N$K *er litre a% 090?09, alcohol "y (olume1 1 1 "% 09,?29, alcohol "y (olume3900 390- 290 c% 29,?39, alcohol "y (olume11931 11922 19/ d% 39,?09, alcohol "y (olume 1/92/ 1/9/- 19/

'ax on to"acco *roducts Aigars6 N$K *er 100 Aigarettes6N$K *er 100 ;mo:ing to"acco6 N$K ;nuff6 N$K *er 100 Ahewing to"acco6 N$K Aigarette *a*er6 N$K

grams units *er 100 grams grams *er 100 grams *er 100 units

231 231 231 /3 /3 3921

232 232 232 /2 /2 392.

19, 19, 19, 292 292 290

Motor (ehicle registration tax assenger cars6 etc9 'ax grou* a2 Height6 N$K *er :g first 16120 :g next 220 :g next 100 :g remainder &ngine *ower6 N$K *er :H first -2 :H next 22 :H next 00 :H remainder N$N emissions6 N$K *er mgM:m A$2 emissions6 N$K *er gM:m first 110 gM:m next 12 gM:m #20 gM:m in next 00 gM:m next ,0 gM:m remainder

3-9./ .0901 1-09.0 1.,90-

3,92/ .19/0 1-39/0 1/09-1

19/ 19/ 19/ 19/

2012%

09000600 1 3129002,2900 1129, ./2900,/0900 1119, 26 220900 16 /-0900 1119, 2290032900 2/91

09000900 1 ,20900,-0900 19/ ,2-900,,0900 19/ 16 ,-3900 16 ,/-900 19/ 26 .2/900 26 ..3900 19/

1 2

as

with the

'he !rou* u* tax

change in (alue1added tax is a= assenger cars6 class 1 to 1, seats9 iston dis*lacement com*onent for (ehicles whose

ex*ressed in (ans and "uses is used A$2 emissions

*ercentage shorter than are not

*oints9 metres stated9

1/

'ax

category

2012 rules

2013 Ahange rulesin *ct9

deduction for emissions under 110 gM:m6 (alid downto 20 gM:m and only for (ehicles emitting less than 110 gM:m ,20900 .10900 .92 deduction for emissions under 20 gM:m6 (alid only for (ehicles emitting under 20 gM:m .20900 /--900 139Dans class 29 'ax grou* "63 weight6 *er cent of *ri(ate car tax 22 22 1 engine *ower6 *er cent of *ri(ate car 22 22 1 tax 22 22 1 N$N emissions6 *er cent of *ri(ate car tax 22 22 1 A$2 emissions6 *er cent of *ri(ate car tax Aam*er (ans9 'ax grou* c60 *er cent of *ri(ate car tax Heasels9 'ax grou* e6 22 22 1 *er cent of "asis for (aluetax Motor"i:es9 'ax grou* f6 tax *er unit6 N$K 331 &ngine *ower tax6 N$K *er :H first 11 :H 106 -32 106 .3, 19/ remainder iston dis*lacement tax6 N$K *er cm3 first 122 cm3 0900 0900 1 next ,,2 cm3 0,392/ 0.292. 19/ remainder ;now scooters9 'ax grou* g Height6 N$K *er :g 0900 0900 1 first 100 :g 3-923 3,922 19/ next 100 :g .0910 .19-2 19/ remainder &ngine *ower6 N$K *er :H first 20 :H next 20 :H 109// 1292, 19/ remainder 2/9/. 30922 19/ iston dis*lacement6 N$K *er cm3 2/9/3 -190, 19/ first 200 cm3 next 200 cm3 remainder 'axis9 'ax grou* h62 3/9/. 009,0 19/ weight6 *er cent of *ri(ate car tax,/9/2 .1900 19/ engine *ower6 *er cent of *ri(ate 12/9.3 car 1-29., 19/ tax N$N emissions6 *er cent of *ri(ate car tax A$2 emissions6 *er cent of *ri(ate car 3913 tax 391/ 19/ Deteran cars9 'ax grou* i6 -922 -93, 19/ tax *er unit6 N$K 1290/ 129,3 19/ Mini"uses9 'ax grou* +6*er cent of *ri(ate car tax 00 00 100 100 00 00 100 100 1 1 1 1

36

202 36 00

2-/ 19/ 00 1

!rou* "= Alass 2 (ans9 'he change highest le(el of the A$2 com*onent 0 to "9 !rou* c= Aam*er(ans9 'he change is N$N com*onent is not added92 !rou* *ersons9 'he change is ex*ressed in !rou* += Buses shorter than metres at least 10 are forward1facing9 'he change 20 *ercentage *oints9 'he highest le(el of the A$2 'he N$N com*onent is not added9
3

'he grou*

is does

ex*ressed not a**ly

in

*ercentage

*oints9

ex*ressed in h= 'axis and *ercentage *oints9 with u* to is ex*ressed com*onent does

*ercentage trans*ort 1, in not seats6 a**ly

*oints9 'he for disa"led of to which grou* +9

'ax

category

20122013 Ahange rulesrulesin *ct9

3nnual tax on motor (ehicles6 N$K *er year etrol (ehicles and diesel (ehicles with a factory1fitted *article filter ..2 26 /00 19/ Diesel cars without a factory1fitted 26 36 3-0 36 022 19/ *article filter 16 0.0 16 100 19/ Aara(ans 16 ,-2 16 .00 290 Motor"i:es 002 012 292 'ractors6 mo*eds6 etc9

3nnual weight1"ased tax6 N$K )e1registration tax Marine engine tax6 N$K *er

*er

year

(aria"le (aria"le 19/ (aria"le (aria"le1129-

h* litre

122920

12.920 19/

)oad usage tax on *etrol6 N$K *er ;ul*hur1free, 8ow1sul*hur.

09-/ 09,3 litre 39-. 39,3 19.0

09,. 19/ 09.2 19/

)oad usage tax on auto diesel6 ;ul*hur1free/ 8ow1sul*hur10 Biodiesel

N$K *er

39,2 19/ 39.0 19/ 19., 19/

&lectricity consum*tion tax6 !eneral rate )educed rate

>re

*er

:Hh 1193/ 0902 119-1 19/ 0902 1

Base tax on mineral oil6 etc9 Mineral oil6 N$K *er litre09/// 1901. 19/ Mineral oil in the wood*rocessing industry6 *roduction of colourants and *igments6 N$K *er litre091209121 'ax on lu"ricating oil6 N$K *er litre 19.19/0 292

A$21tax etroleum acti(ities6 N$K *er litre or ;m3 090/ Mineral oil6 N$K *er litre 09-0 Mineral oil6 high rate6 N$K *er litre 09,0 Mineral oil for domestic a(iation su"+ect to emissions 7uotas6 N$K *er litre 0902 Mineral oil for the wood*rocessing6 herring meal and fish meal industry6 N$K *er litre 0931 Mineral oil for fishing and hunting in coastal waters6 N$K *er litre 0900 etrol6 N$K *er litre 09./ Natural gas6 N$K *er ;m3 0902 8 !6 N$K *er :g )educed rate for natural gas6 N$K *er 09-, ;m3 0902

09/- /29/ 09-1 19, 09,1 190

0903 290 0931 1

0913 1 09/1 292 090- 292 09-. 192 0902 1

, . / 10

with lower9 etrol with and Diesel with lower9 Diesel with and

etrol

a a 20 a a 20

sul*hur content of

10

**m 10 **m 10

or **m or **m

sul*hur content "etween **m9 sul*hur content of 10 sul*hur content "etween **m9

21

'ax

category

2012 rules N$K *er litre :g 090,, 1-9-/

2013 Ahange rules in *ct9 090,. 1,901 193 19/

;ul*hur tax6

'ax on N$N emissions6 N$K *er

'ax on the final dis*osal of waste6 N$K *er tonne 'ax on "io1degrada"le waste that is de*osited in accordance with an exem*tion granted "y the *ollution control authorities0,0 0,/ 'ax on de*osits of other waste2.0 2./ 'ax on trichloroethene and tetrachloroethene6 N$K *er

19/ 19.

:g

-091/

-2901

19/

'ax on hydrofluorocar"ons and *erfluorocar"ons6 N$K *er tonne of A$2 e7ui(alents222900 'ax on chocolate and sugar *roducts6 etc96 N$K *er :g 'ax on non1alcoholic "e(erages Finished *roducts6 N$K *er litre Aoncentrate #syru*%6 N$K *er litre

22/900

19.

1.921

1.92-

19/

29.2 1,900 ,902 unit 1902910 3910 192.

3901.9-. ,91.

,90 ,90 19.

;ugar tax6 N$K *er

:g

'ax on "e(erage *ac:aging6 N$K *er Base tax on dis*osa"le *ac:aging &n(ironmental tax a% !lassand metal "% lastic c% Aartons and card"oard

190. 2920 3911930

19/ 19/ 19/ 19-

;tam* duty6

*er

cent of

sale *rice

292

292

;ource= Ministryof

Finance9

22

hoto= Giri Ea(ran

'he Norwegian Ministry of Finance is located in the !o(ern1 ment 3dministration Aom*lex6 3:ersgata 006 $slo9 'he Ministry has , de*artments with a total of 310 em*loyees9 3dministrati(e 3ffairs De*artement 0. &conomic olicy De*artment 23 Budget De*artment 22 Financial Mar:ets De*artment 30 'ax olicy De*artment ,, 'ax 8awDe*artment 32 3sset Management De*artment 0/

'he eductional "ac:ground of

our em*loyees is

as follows=

No higher education 2 O 8ess than three years of higher education 0 O $ther higher education . O &conomy 0- O

;ocial O

science,

8aw 30 O

He hire 22?32 new em*loyees each year and are loo:ing for s:illed economists6 lawyers and social scientists9 $ur (acan1 ciesare ad(ertised #continually% at www9+o""ifinans9de*9no
23

Budget 2013
1232 63 12/36. 1,0360 1/ 02 6,

1/2 23. 11/123 .00 01,0 /0

212/622 ,,61 2 20 .63 101 60

0 0-/

1 12 261

10- -2/

1 22-63

- -0/

0 12 . -220

02 ,0 1/ .32 0 22 11.2 1 -3

2 -0 , 1, 3./

2,0 03,
111 ,/ ,

1 02260

3/ 021 1 -2/ 1 -/,6.030,6, 2 6- 31/6 /0-60

,./ 200

1-, 202
2,.6/ /06-3,6, 0 0-263 3-163 2.160 22160 ,1.6222360

11 1 . 0..

1123 ,.0 . 3,0

11. 123 ,.0

100 .0 2301 53 02,

223 ,.6/
Key we" sites= Ministry of Fiscal Finance= htt*=MMwww9reg+eringen9noMfin Budget= htt*=MMwww9stats"uds+ettet9no 'he 'ax 3dministration= htt*=MMwww9s:atteetaten9no 'he Austoms &conomy and &xcise 3uthorities= htt*=MMwww9toll9no htt*=MMwww9ungo:onomi9no for Pouth=
u"lished "y Ministry of Finance u"lic institutions may order additional Mailing address= 9 $9 Box co*ies .00. from= De*6 0030 $slo Norwegian !o(ernment 3dministration ser(ices Disiting address= 3:ersgt9 00 Bnternet= www9*u"li:as+oner9de*9no 'ele*hone= 5 0, 22 20 /0 &1mail= /0 *u"li:as+ons"estillingQdss9de*9no Bnternet= htt*=MMwww9reg+eringen9noMfin 'ele*hone= 50, 22 20 20 00 &1mail= *ostmotta:Qfin9de*9no u"lication num"er= )10-3B;BN= /,.1.21/10/21/010 &N!&8;K rint= Norwegian 03M2013 1 &

!o(ernment 3dministration Bm*ressions 300

ser(ices