{"id":2533,"date":"2021-05-21T07:57:17","date_gmt":"2021-05-21T05:56:32","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=2533"},"modified":"2023-05-22T16:58:11","modified_gmt":"2023-05-22T14:58:11","slug":"note-8","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-8\/","title":{"rendered":"Note 8 &#8211; Taxes"},"content":{"rendered":"<div class=\"norfund-notes-block-container\"><div class=\"notes-accordion\"><a href=\"#\" class=\"notes-accordion__header\">\n\t\t\t\t<span class=\"text\">\n\t\t\t\t\t<h4>Note 8<\/h4>\n\t\t\t\t\t<h3>Taxes<\/h3>\n\t\t\t\t<\/span>\n\t\t\t\t<span class=\"icon icon-arrow\"><\/span>\n\t\t\t<\/a><div class=\"notes-accordion__content\"><div class=\"menu-notes-container\"><ol id=\"menu-notes\" class=\"menu\"><li id=\"menu-item-2111\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2111\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-1\/\">Accounting policies<\/a><\/li>\n<li id=\"menu-item-2625\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2625\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-2-segment-information\/\">Segment information<\/a><\/li>\n<li id=\"menu-item-2626\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2626\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-3\/\">Exited investments<\/a><\/li>\n<li id=\"menu-item-2627\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2627\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-4\/\">Payroll expenses<\/a><\/li>\n<li id=\"menu-item-2628\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2628\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-5\/\">Fixed assets<\/a><\/li>\n<li id=\"menu-item-2629\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2629\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-6\/\">Other operating expenses<\/a><\/li>\n<li id=\"menu-item-2630\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2630\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-7\/\">Net financial items<\/a><\/li>\n<li id=\"menu-item-2631\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2631\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-8\/\">Taxes<\/a><\/li>\n<li id=\"menu-item-2632\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2632\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-9\/\">Capital movements<\/a><\/li>\n<li id=\"menu-item-2633\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2633\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-10\/\">Other receivables<\/a><\/li>\n<li id=\"menu-item-2634\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2634\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-11\/\">Loans and investments<\/a><\/li>\n<li id=\"menu-item-2635\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2635\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-12\/\">Bank deposits and other short-term placements<\/a><\/li>\n<li id=\"menu-item-2636\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2636\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-13\/\">Unused resources (Norfund&#8217;s grant schemes)<\/a><\/li>\n<li id=\"menu-item-2637\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2637\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-14\/\">Current liabilities and guarantees<\/a><\/li>\n<li id=\"menu-item-2638\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2638\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-15\/\">Risk management and use of financial instruments<\/a><\/li>\n<li id=\"menu-item-2639\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2639\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-16\/\">Events after balance-sheet date<\/a><\/li>\n<\/ol><\/div><\/div><\/div><\/div>\n\n\n<p>Tax expenses are attributable to withholding tax on dividends and interest on foreign investments. In addition some of our regional offices pay tax on their operations and as at 31.12.2022, NOK 1.3 million has been allocated for paying tax at the regional offices. Norfund is exempt from tax in Norway; see Section 2-30 (1e) of the Norwegian Taxation Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax expenses are attributable to withholding tax on dividends and interest on foreign investments. In addition some of our regional offices pay tax on their operations and as at 31.12.2022, NOK 1.3 million has been allocated for paying tax at the regional offices. Norfund is exempt from tax in Norway; see Section 2-30 (1e) of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":2101,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"Notes","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"","teft_cards_excerpt":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Note 8 - Taxes | Annual Report 2022<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Note 8 - Taxes | Annual Report 2022\" \/>\n<meta property=\"og:description\" content=\"Tax expenses are attributable to withholding tax on dividends and interest on foreign investments. 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