The tax notice is now being released, and most Norwegians will receive it during March. There are many things you should check and pay attention to. Don’t get scammed It doesn’t help to have money left on the tax if it ends up in Nigeria. This year, the Swedish Tax Agency is warning that fraudsters may try to use false tax returns to trick people out of money. – The Swedish Tax Agency never sends e-mails with attachments or links, says adviser at the Swedish Tax Agency, Simon Heimen Johansen. When the tax return is ready, you will receive a message or e-mail asking you to log in to the Tax Administration’s website. This example is from 2017, but fraud attempts are still common. The tax authorities say they never send e-mails with links or attachments about the tax return. Photo: Illustråsjonsbilde / Norsis – By logging in in the usual way on the Tax Agency’s website, you should be safe, says head of the Swedish Taxpayers’ Association, Rolf Lothe. When will my tax return arrive? Although many Norwegians receive their tax notice on Tuesday, it is not certain that you are one of them. Coincidences determine when you receive your tax notice in the period between 14 March and 31 March. Johansen says that they have tried to send out to everyone at the same time, but that this caused the system to crash. – What most people wonder about is when the tax notice will arrive, and when the tax settlement will arrive. But we can’t answer that, says the adviser at the Norwegian Tax Agency. If you are self-employed, there are separate deadlines. Tips for new taxpayers For some employees, it is the very first time they receive a tax notice. The most important piece of advice from the head of the Taxpayers’ Association is this: – Look at the information and check if it matches what you earned last year, says Lothe. Difficult words in your tax return Benefit in kind: All benefits you receive from your employer that are not money. For example goods, shares, cheaper loans or services. Pension scheme premium: The part of your salary that goes to your pension scheme. This is an amount that is deducted automatically and that is reported from the employer. Ordinary income: All types of taxable income, after your deductions have been deducted. Minimum deduction: A deduction everyone gets. The size of this deduction is calculated from your personal income and deducted automatically. Valuation discount: A discount that lowers the basis for wealth tax. This is given on assets such as housing and shares. Things that can affect this discount are, for example, debt and marriage. Source: The Swedish Tax Agency and Sbanken. Several words and expressions in the tax return can be difficult to understand. It is for both young people and adults. Ask for advice, urges Lothe. – Ask a friend or family, or obtain information online. There is a lot of information available, he says. It may be a good idea to check the tax return earlier than the very last deadline. On the last date, there is often a lot of traffic at the Tax Office. Photo: Swedish Tax Agency What do you do if you get a hangover? The tax notice that arrives now indicates whether you owe money, or can expect money from the state. The tax settlement itself is not finished until it has been submitted. – If you see a tax hit now, it has not been finally determined, says Johansen. Therefore, you must check that the figures listed in the tax return are correct. If you have children, you can check whether you have received a deduction for childcare. If you share a mortgage with someone, you must check that both have received deductions for interest. – But if the tax return and the tax settlement have the same basis, the result will also be the same, says Johansen. If the hangover comes, you have time to save up, because the payment deadline is not until August. You can ask the tax authority for a repayment agreement if it is difficult to pay the full amount. Rolf Lothe, subject manager of the Taxpayers’ Association. Photo: Bo Mathisen / Skattebetalerforeningen If you’ve had a hangover, you can save money by paying early. – It is a good idea to pay a hangover by 31 May, if you have the money at your disposal. Then you avoid paying interest. If the amount of residual tax is large, then the interest can add up to a lot of money, says Lothe. How to avoid getting a hangover The most important thing you do is to have an active relationship with your tax card, says Johansen. – If you are surprised to receive back tax, it may indicate that your tax card is incorrect, he says. If you go up in salary, change jobs or start receiving sickness benefits, this can change your income. Then you should change the amount on your tax card. Example of tax card. Photo: Karina Kaupang Jørgensen / news Rolf Lothe reminds that one should make sure that all salary income is recorded. – If you have a wage income that your employer has reported late, you risk additional tax if you do not correct it, he says. Information you must enter yourself Almost everything to do with abroad must be entered in the tax return yourself, according to Lothe. – If you own foreign shares, receive a pension or have worked abroad, this is information that you have to enter yourself, says the specialist manager. Commuting, private loans and receivables usually have to be entered yourself. Information on the purchase, sale and rental of real estate may also be missing. – If you have rented out the cabin, the apartment or a rental unit, you have to be precise, he says. When will you get your money back if you have back taxes? If you’re really unlucky, it can take until November before you get money back on your tax. Simon Heimen Johansen recommends that everyone submit the tax return even if you have not made any changes. Then you increase the possibility of getting an earlier tax settlement. – The settlement can come two to three weeks after you have delivered, or it can take longer. No one is guaranteed to get their settlement in one of the previous pools, and everyone can be taken out for random checks, he says.
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Now comes the tax report – tips on what you should check – news Troms and Finnmark
