Individual income tax return (IIT) Norway

A guide to individual income tax (IIT) in Norway

Are you working in Norway or on the Norwegian continental shelf? Then you are liable to submit an individual income tax return to the Norwegian tax administration by 30 April.

What is the individual income tax return (IIT)?

Individual income tax IIT_what isThe tax return provides an overview of your income, deductions, wealth and debts.

If your registration with the tax authorities is correct and your company has submitted accurate information, the Norwegian Tax Administration sends you an individual income tax return 31 March 2016. It is your responsibility, as an employee, to review and verify the information in the tax return.

If the information is correct and no changes are needed, you do not need to submit the tax return. The tax authorities considers no action, as acceptance. However, for foreigners working in Norway there are many deductions to consider and expenses to include, so it is advisable to take a close look at your income tax return and seek guidance if you are uncertain about the reporting.

Would you like assistance with your individual income tax return? Visit our website for information, prices and link to ordering page.

Tax return

 

Check these posts in your individual income tax return (IIT)

The Norwegian tax system is constantly changing and it is easy to do mistakes that may cost you a lot of money. The most common deductions and situations that can lead to miscalculation of your Norwegian tax are:

  • Commuting expenses
  • Child care expenses
  • Interest paid on mortgages, credit card debts or loans
  • Seaman’s deduction
  • Norwegian National Insurance Scheme contribution
  • Tax classes
  • Payment during sick leave
  • Former residency in Norway
  • Tax paid abroad on income earned outside of Norway

Individual income tax IIT_free guide

 

 

Would you like more information?

We have developed a free guide providing detailed information about your income tax return to Norway.

Download free guide

 

 

Electronic assessment of the individual income tax (IIT)

The Norwegian tax administration aims towards making the tax system fully electronically. To achieve this goal there will be less room for personal service and management related to the tax assessment process. The electronic system relies on accurate and complete information in order to end up at the correct assessed tax.

Individual income tax IIT_electronicA few years ago a clerk at the tax office may have a look at your tax return and think; “This person is entitled to an extra deduction” or “some income is missing, I’ll just put it in there because the tax payer most likely forgot about it”.

This is no longer the situation. Now all information is crosschecked electronically. If there are discrepancies between information given in your individual income tax return compared to the information held by the tax administration, you will receive a letter asking you to provide more information and a notification of a possible fine for submitting wrong or deficient information.

To conclude, not having enough knowledge about the Norwegian tax system could cost you a lot of money either by losing out of deductions or if you are fined for not giving the correct information.

 

Do you have questions or would you like assistance with your individual income tax return? Feel free to contact one of our lawyers or tax consultants by phone +47 51 21 71 10 or email.

Please also visit our website for more information about how we can assist businesses and individuals with tax, tax return and other compliance obligations in Norway.

The law firm Visma Advokater has offices in Stavanger, Oslo, Bergen, Kristiansand and Trondheim. We are more than 35 professionals with extensive experience in Norwegian taxation for both companies and individuals. Our lawyers and tax consultants are happy to assist you with any of the above subjects.

Inger Lise er autorisert regnskapsfører/partner i Visma Advokater hvor hun arbeider med internasjonal skatterett og regnskap. Hun er spesialist på internasjonal personbeskatning og skatt for utenlandske og internasjonale selskaper. Hun har solid kompetanse innen rådgivning til norske og utenlandske selskaper om flyt av arbeidskraft over landegrenser, momsrepresentasjon og optimalisering av internasjonale skatteforhold for personer og selskaper.
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