Every year, Norfund collects data on key development effects from our direct and indirect investees. The enterprises are asked to report the sum of corporate income taxes transferred to the government during the last calendar year. They also report additional forms of transfers, such as sales taxes, withholding taxes, net VAT, royalties and licence fees.

Taxes paid in 2016

In 2016, Norfund’s investees paid NOK 10.9 billion in taxes and fees. Approximately half of this amount was corporate income taxes. Enterprises operating in Africa paid 6.1 billion NOK to the governments, whereas enterprises in Asia transferred 3 billion NOK in taxes and fees. Our portfolio companies in Latin America paid 1.8 billion in taxes in 2016.  

 

Estimated tax per country
CountryTaxes paid, NOK
Angola
130 000 000
Bangladesh
904 000 000
Cambodia
380 000 000
China
80 000 000
Costa Rica
43 000 000
Ecuador
33 000 000
El Salvador
170 000 000
Ethiopia
97 000 000
Ghana
297 000 000
Guatemala
65 000 000
Honduras
214 000 000
India
352 000 000
Kenya
1 551 000 000
Laos
135 000 000
Mozambique
30 000 000
Nicaragua
414 000 000
Nigeria
191 000 000
Other, Africa*
1 288 000 000
Other, America*
726 000 000
Other, Asia*
1 065 000 000
Other, Global*
13 000 000
Panama
20 000 000
Peru
153 000 000
Rwanda
71 000 000
South Africa
1 487 000 000
Tanzania
786 000 000
Thailand
43 000 000
Uganda
118 000 000
Zambia
63 000 000
Total
10 919 000 000

*This includes data from countries with less than 4 reporting enterprises as well as companies with operations in several countries in the region.