Interest limitation

In Year-end closing - Information on tax - Information - Basis values ​​- you will find the work area for Interest limitation. The area is automatically available if the company has net interest costs in the balance over NOK 5,000,000.00. The area can also be added manually from Edit feature areas.

The work area replaces the former RF-1315 and RF-1509. With regard to Exemption rule RF-1509, the area is expanded by ticking yes for: Does the company make use of an exception rule at either company level or national level (including domestic group)?

The area consists of both manual fields and pre-calculated fields from the accounts and from calculated values from skatteetaten.

The following fields are taken from the balance sheet/accounts

• Total interest costs (e.g. Interest on fixed tax)

• Total interest income (e.g. Interest on fixed tax)

• Income/loss before deduction for any provided group contribution

• Provided group group contribution to deductions in ordinary income

• Calculated other income (shipping company)

• Addition for tax depreciation

• Remuneration recognized directly as income for depreciated operating assets

The following fields are calculated/received from skatteetaten

Calculation of total net interest expenses

• Net interest expenses

• Total interest expenses including guarantee expenses to related parties, and total interest income from related parties

• Total net interest expenses to related parties

• Net interest expenses to companies etc. in the group

• Net interest expenses to other related parties (outside the group)

Basis of calculation for interest deduction limit

• Addition for tax depreciation

• Directly recorded income for depreciated assets

• Calculation basis for interest deduction limit

• Deduction for group contributions that are not to be included in the calculation basis

This year's addition or deduction in income

• Net interest expenses

• Interest deduction limit

• Corrected interest rate

• Difference between this year's interest expenses and interest deduction limit

• This year’s increase in income. Total cut-off of the year’s interest costs

• This year’s deduction from income. Interest costs deducted in previous years, but which can be deducted this year because the interest deduction limit exceeds net interest costs

• Adjustment of income

Forwarding of interest deductions from this year

• Addition to income

• Carried forward interest costs from previous years within the year’s permitted interest deduction

• Deduction from income

• Adjustment for businesses assessed as a partnership or companies with NOKUS that have a loss

• Carryforward of disallowed interest deduction

• Share of the year’s interest costs that the company can carry forward to later years

Proportion of this year's interest expenses that the company can carry forward

• For deduction this year

• Remaining for carryforward

Information about chosen exemption rule, Norwegian part of the group, and domestic group

• Equity ratio in the consolidated financial statements as a percentage.

Information about company accounts / consolidated balance sheet for the Norwegian part of the group and calculation of equity ratio

• Adjusted equity in the company or Norwegian part of the group (specified below)

• Adjusted total assets in the company or Norwegian part of the group (specified below)

• Equity ratio for the company or Norwegian part of the group

Specification of adjustments to the accounting principles of the consolidated financial statements

• Total change in equity / total change in total assets

  • Effect on equity

  • Effect on total assets

Adjustment of company accounts / consolidated balance sheet for the Norwegian part of the group

• Overall increase in equity

• Overall decrease in equity

• Overall increase in total assets

• Overall decrease in total assets

Carryforward of cut off interest deduction:

Tax value for previous years' cut off deduction and tax value for the remaining deduction to be carried forward this year are automatically transferred to Tax Calculation/Temporary Differences/Deferred Tax Differences, Deferred Tax.

See Items, fields and topics in the new tax return for businesses for more information.