Shipping company taxation
In Year-end closing - Information on tax - Information - Basic values - you will find the work area for Shipping company taxation The area is automatically available if the company has stated YES that the company runs shipping operations and that it must be processed according to the special shipping taxation rules in § 8-10 of the Tax Act. The area can also be added manually from Edit feature areas.
Note that the area requires logging in with an active connection to the tax authorities for the calculation loop to work.
The work area replaces the former tax form RF-1197 - Tonnage taxation.
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
- None
The following fields are calculated/received from skatteetaten
- Information on EEA registered tonnage
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- Taxable gain upon entry into the tonnage tax scheme
- Income supplement for high equity
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- Total adjusted assets
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- Average total adjusted assets
- Interest deduction and deductible currency loss/taxable currency gain
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Share of financial assets from underlying company at the beginning and end of the year
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Average
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Deductible interest expense
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Average short-term currency gain
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Average short-term currency loss for interest to other related parties cut off
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Taxable realised long-term currency gain established from 2005 onwards
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Deductible realised long-term currency loss established from 2005 onwards
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Total taxable currency gain
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Total taxable currency loss
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- Calculation of tonnage tax
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Total tonnage tax in own company
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Total tonnage tax
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- Gain account
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Basis for current year income recognition
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Recognition of gain account (calculated standard with 20%)
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Outgoing value
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- Calculation of financial income/financial deficit
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Total financial income
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Total financial expenses
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Incorrect completion in work area:
If the user by mistake has activated the workspace and filled in data but want to close it, some actions must be taken. All data the user has entered manually must be removed/deleted.
If the area contains registered or overwritten values, the area will be locked and data may be kept on the preview of the tax return. Remove all manually recorded data and close the workspace from the area selector.
See Items, fields and topics in the new tax return for businesses for more information.