Tax return in Norway - update of the article on 04.08.2020/XNUMX/XNUMX
There is a widespread belief that life in Norway is at a very decent level. However, all kinds of tax obligations go hand in hand with this quality. Due to the appropriate structure of the fiscal mechanism, the taxpayer has certain obligations towards the Tax Office. He also has rights, including tax refund in Norway.
Determining your tax status to start with
However, before we find out what specific tax refund in Norway we are entitled to, we should define our tax status. You should start early enough to prepare the necessary documents. And completing other formalities (such as the translation of documents from Polish into Norwegian). Knowing your tax credits in advance will help you get a correctly calculated tax refund in Norway.
It is not worth the delay
It is worth noting that if you are counting on a tax refund in Norway, you must submit your tax return to the Tax Office within the statutory deadline. The deadline is April 30th, with a possible extension to May 30th each year. If the tax office does not obtain a settlement from us by that time, it will make a settlement based on the information it already has. In this case, usually no additional tax deductions are taken into account, and thus the settlement may be unfavorable for the taxpayer.
Also read: NAV and changes in regulations in 2019 >>>
Tax statuses
Tax status in Norway is crucial for the settlement. There are several in the Land of Fjords that can be used by foreigners. Most often it is the so-called status pendler, which is discussed in more detail in this article. Until now, people who have worked in Norway for no more than 2 years have been able to take advantage of the so-called 10% relief The relief was abolished in 2019 and replaced with a flat tax (kildeskatt). It should also be remembered that it is still possible to submit an adjustment for previous years taking into account.
Kildeskatt / flat tax is a simplified tax system for foreign workers. In order to use it, certain conditions must be met. The tax is 25% of income (including social security tax). In some cases, it may turn out to be ineffective, because in this system it is not possible to take advantage of tax deductions, and therefore there will be no tax refund. You can withdraw from this system by April 30 at the latest, so it is worth recalculating and checking the tax after the end of the tax year.
Tax laws in Norway
Tax refunds in Norway may be higher if applicable deductions are made. The reduction in the amount owed to the Tax Office may result, for example, from interest on loans paid in Norway, as well as from some education costs. People who bear the costs of commuting to work or caring for children up to 12 years of age will also pay a lower tax.
Tax refund in Norway - take advantage!
Tax refunds in Norway are conditioned by various issues, and the legal complexities related to the fiscal mechanism in the Land of Fjords often make it difficult to find appropriate deductions. So it is always worth using the advice of experts in this field. MMG Consulting run by the Authorized Accountant Marte Gostomczyk. They are specialized in tax matters and will dispel any doubts.
