Skattemessige avskrivninger

Tax-related deprecations should be completed and submitted with the new tax return for businesses.

Follow the instructions below to calculate tax depreciation.

1. Click Add entry, the symbol at the top right to create new depreciations.

2. Select type of entry: Reducing balance depreciation, Non-depreciable or Linear depreciation.

   An entry is created in a separate tab.

3. Fill in relevant fields.

You can delete an entry by pressing the Delete button at the bottom of each tab.

The first tab shows an Overview of created depreciations grouped by type of depreciation and a summation of all tax-related depreciations.

Tax related depreciations is automatically transferred to Temporary differences.

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

Field explanations

Balance depreciation

Id

A numeric id is suggested when you create a new taxable depreciation.

Asset group

Select the asset group to which the fixed asset belongs.

Balance basis per 01.01

Enter a positive or negative balance from 31.12 last year.

Calculated impaired value of discontinued assets

If the balance must be reduced by the impaired value of an asset. Enter the calculated value here.

Cost price - new acquisitions

Enter the cost price for operating assets acquired during the income year. Fixed assets must be entered here if it is assumed to have a useful life of at least 3 years and the cost price of the fixed asset is NOK 15,000 (including VAT if there is no right to deduct) or higher. For buildings acquired during the income year, the cost price shall be divided between the building balance and the balance j for fixed technical installations.

Cost price - improvements

Enter costs on existing or newly acquired fixed assets in their entirety. Maintenance can be expensed directly. If you choose to activate higher maintenance costs, further information must be provided. In the case of expenses on buildings acquired during the income year, the cost price shall be divided between the building balance j for fixed, technical installations.

Government grants etc

Enter public subsidies, with the exception of investment subsidies to the districts in accordance with regulations issued by the King, to be written down on the cost price.

Adjustment of input VAT

Enter any change in cost price as a result of an adjustment of input VAT in accordance with the VAT Act.

Remuneration (sales value on withdrawal)

Upon realization and withdrawal of fixed assets in group a, b, c, d or j, it is possible to write-down the whole value or parts of the value on the balance in the relevant group instead of the income recognition.

Return of investment grants to districts

Return of investment grants to districts is calculated automatically based on registered values. The value can be overridden.

Recognized direct revenue this year

Enter the part of the consideration etc. (by withdrawal the turnover value) which is entered directly to income in the realization year according to the Tax Act § 14-44 (1) and which thus shall not affect the basis for the year's balance depreciation, income recognition or transfer to profit and loss account.

Basis for the year's balance depreciation, etc.

Here is the basis for this year's depreciation. The value is calculated based on registered values.

Depreciation this year (including start depreciation)

This year's balance depreciation is calculated here. Remaining positive balance below NOK 15,000 will be deducted in full. The calculated value can be overridden.

Income this year of negative balance

Negative balance recognized as income in balance groups a, c, d or j with at least the group's depreciation rate. The value is calculated based on registered values. The remaining negative balance below NOK 15,000 will be recognized as income in full. The calculated value can be overridden.

Basis balance transferred to next year

The remaining positive balance as of 31.12. this year. which will be transferred to balance basis 1.1 next year. The same applies to the remaining negative balance in groups a, c, d and j. The value is calculated based on registered values.

Fixed asset grants after regulations from government

Enter any grants for investment in the districts.