Annual settlement in Norway for 2023 – get ready with Efremtid!
We will soon start the hot period of annual settlements in Norway. If you want to prepare well - read to remind yourself what this obligation of every taxpayer looks like!
Remember that we can help you with your settlement. You don't even have to read this - just call us on +47 21 38 38 21. We answer on working days (Mon-Fri) between 9:00 a.m. and 21:00 p.m. If we don't answer, we always call back.
Let's get into the details.
Where do I have to settle my accounts?
Let's start with the basics. If you have been in Norway for some time, you probably know that there is such a thing as tax residence. If you know yours - you can skip this point and go to the next one. If you don't know your tax residence, please read on.
A common myth regarding tax residence is that wherever we stay for more than 183 days a year, we have tax residence. This is not true, residence may depend on many things: where we have family, where we have work, where we have friends and where we have home. Yes, where we stay for more than 183 days matters, but it is not a key factor and we can just as easily stay in Norway all year round, but have tax residence in Poland.
If you want to find out where your tax residence is, you can check it here (click). And if you also want to find out what deductions are profitable for you and what to do to settle the settlement in both NOKAs most advantageously - please visit tax consultation with one of our accountants (click).
What documents do I have to submit?
Depending on tax residence:
Polish residence:
- in Norway you have to submit a skattemelding. By default, this happens automatically, so if you do not have any adjustments, deductions, etc., you DON'T HAVE TO DO ANYTHING!
- in Poland you must submit: PIT-36 - standard annual settlement + PIT-ZG - inform the office about income from abroad + PIT-O - abolition relief
Norwegian residence:
- in Poland you have to submit PIT-36 from Polish earnings, BUT only if you earned something there.
- in Norway you have to submit a skattemelding. By default, this happens automatically, so if you do not have any adjustments, deductions, etc., you DON'T HAVE TO DO ANYTHING!
- if you earned money in Poland or another NOK, you are obliged to add the income in skattemelding and add the taxes paid.
What are the possible tax deductions in Norway?
There are quite a lot of these deductions, they are related to:
- family and children
- work or education
- real estate
- finances
- and gifts to selected charities (two of which are Polish!).
You can find the full list with detailed descriptions here (click). In the same link you can ask us to help you with your settlement!
What documents do I need for a given deduction?
If you have noticed a deduction from the above list that you are or may be entitled to, but you do not know what documents you need to include the deduction in your return - no problem. In most cases, documents are only required in the event of an inspection, and we will inform you about all documents during settlement if you decide to settle with us.
Are deductions profitable for me? What about the pendler?
Generally, deductions in Norway are not always profitable - the same is true with pendler deductions / pendler status. Often, with Polish tax residence, due to double taxation, settlements in Norway are no longer profitable - in short: what we deduct in Norway we will still pay in Poland. You will find a detailed discussion and explanation of this situation in our article here (click).
If you want to ask about any issue related to deductions or annual settlement in general - write to us by e-mail: info@efirma.no :)
