Country Report
Norway upstream fiscal summary
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Upstream licences in Norway are awarded during regular licensing rounds. Fiscal terms are fixed. Norway has a profits-based fiscal system featuring a corporate income tax (22%) and a special tax (71.8%). The corporate income tax, with adjustments, is deductible against the special tax, ensuring a total marginal tax rate of 78%. Norway is renowned for its tax stability; the marginal rate has remained unchanged since 1992.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Corporate income tax
- Ring fencing
- Base
- Income
- Deductions
- 16 more item(s)...
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes the following images and tables:
- Timeline
- Timeline detail
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate - shelf and deepwater, oil and gas
- Maximum government share - shelf and deepwater, oil and gas
- State share versus Pre-Share IRR - oil
- State share versus Pre-Share IRR - gas
- Investor IRR versus Pre-Share IRR - oil
- Investor IRR versus Pre-Share IRR - gas
- 5 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Country Report
Norway upstream summary
Norway is Europe's largest oil and gas producer and most important supplier following Russia's invasion of Ukraine in 2022.
$11,340
Asset Report
Balgzand-Bacton Pipeline
The Gasunie-operated Balgzand to Bacton pipeline (BBL) was developed to secure an additional source of gas supply for the United ...
$5,280
Country Report
Myanmar upstream summary slides
To complement our more detailed Myanmar upstream summary we provide a slide-pack of the key issues in Myanmar.
$3,240
