Information and tax (impersonal) /periodandyear/help/taxation/impersonal section Information about the company, tax calculation and allocations for limited liability company, etc with accounting type 2. 2024-09-13T13:35:28+02:00 # Information and tax (impersonal) Information about the company, tax calculation and allocations for limited liability company, etc with accounting type 2. In **Year-end closing - Information and tax** you register/update information about the company, as well as finding what you need to calculate **Business income**, **Taxable result** and **Accounting result after tax**.

Pre-populated values are updated automatically in Information and tax, however if necessary you can click the refresh-icon to refresh values in information and tax. Clicking the icon will start a full recalculation of values. During the process the button will be disabled but as soon as the calculation is completed the button will be available again.

 Information /periodandyear/help/taxation/impersonal/information section 2024-09-12T19:33:52+02:00 # Information In **Information and tax - Information** you register information about the company and enter basic values as input for the tax calculation. Company /periodandyear/help/taxation/impersonal/information/company section 2024-09-12T19:33:52+02:00 # Company In the left menu below **Company** you register/update **Client information**, **Various information**, **Accounting office**, and **Auditor**. This information is automatically transferred to fields in the tax forms. Client information /periodandyear/help/taxation/impersonal/information/company/client-information section 2024-09-12T19:33:52+02:00 # Client information In **Client information**, some fields are populated automatically based on information that appears under **Settings - Company information**. If you want to change this section, click the **Change company information** link and edit as desired. Some client information can also be imported from the [Brønnøysund Register Centre](https://www.brreg.no/). Registered client information on the clients corporate identity number will be fetched.

When you start the year-end period for the first time, the import from the Brønnøysund Register Centre will be performed automatically.

To import data, simply click the button**Import from BrReg.no** at the bottom of the page in **Year-end closing - Information and tax - Information**. The button is available in the following menus: - Client information - Accounting office - Auditor Fill in the other fields under **Client information** manually.

The value in Number of man-years is transferred to notes in the Annual report.

 Foreign companies with limited tax liability to Norway /periodandyear/help/taxation/impersonal/information/company/client-information/foreign-companies-limited-tax-liability page 2025-01-21T08:20:42+01:00 # Foreign companies with limited tax liability to Norway This functionality replaces the previous form RF-1045 Statement of accounts. For the function to be available, the following setup must be specified: - Company type NUF (Norwegian-registered foreign enterprise) - Municipality number 2312 Sokkel (wrong municipality number will cause a validation error.) - Tick ​​mark in company information for **Foreign company with limited tax liability to Norway (formerly RF-1045).** The check box is only available for NUF. (Norwegian-registered foreign enterprise) If you check \'YES\' in this choice, user must confirm this by entering the company number.

NB! The choice generates the deactivation of all areas and deletes all data that may be in them, and which is not relevant to the company type.

#### The following areas will remain - Withdrawal of assets or liabilities from Norwegian territory - Goods - Accounts receivable - Tax depreciation - Profit/Loss Account - Interest limitation - Controlled transactions and balances For taxable depreciations, it will be possible to limit this to the number of days the operating assets in question have been part of the taxable business. All other work areas will be removed and any data that may have been registered in these will be permanently deleted. System vouchers will be deactivated so that allocations etc. will have to be registered manually. The branch accounts are filled in under **Annual accounts - Information and tax - Financial statement.** Values from here are transferred to **Tax calculation**. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. IFRS and simplified IFRS /periodandyear/help/taxation/impersonal/information/company/client-information/ifrs page 2024-09-13T13:35:28+02:00 # IFRS and simplified IFRS Accounting principles are defined under **Information and tax - Information** and the menu item **Client information** in the left-hand menu. IFRS or Simplified IFRS can be selected in **What rules are used in the preparation of the annual accounts?**. #### Reference accounts that are special for companies with IFRS and simplified IFRS - 1151 Assets classified as held for sale (IFRS) - 1180 Investment properties (IFRS) - 1490 Biological assets (IFRS) - 3850 Change in value of investment properties (IFRS) - 3870 Change in value of biological assets (IFRS) - 8880 Change in value adjustment reserve (IFRS) - 8881 Actuarial gains and losses on benefit plans (IFRS) - 8882 Other income and expenses related to enterprises (IFRS) - 8883 Net gain and loss on equity instruments (IFRS) - 8884 Change in fair value due to own credit risk (IFRS) - 8890 Tax related to items not to be reclassified (IFRS) - 8891 Currency translation differences (IFRS) - 8892 Change in fair value of the hedging instrument in cash flow hedging (IFRS) - 8893 Net gains and losses on financial assets measured at fair value (IFRS) - 8894 Net change in hedging costs (IFRS) - 8895 Tax related to items that can be reclassified (IFRS) #### Reference accounts that are special for companies with full IFRS - 2054 Reserved ordinary dividend (IFRS) - 2055 Deferred additional dividend (IFRS) - 2056 Reserved extraordinary dividend (IFRS) Dividend : If the company uses simplified IFRS, the dividend function and the accounts used are the same as for NGAAP. : If the company applies full IFRS, dividends are allocated to equity accounts 2054, 2055 and 2056, which then replace accounts 2800, 2801 and 2802, Group contribution : If the company uses simplified IFRS, the group contribution function and the accounts used are the same as for NGAAP. : If the company applies full IFRS, amounts are recorded in group contributions in the group contribution function, and these are taken into account in the tax calculation, but the group contribution is not accounted for as automatic postings, in contrast to simplified IFRS and NGAAP. : With full IFRS, the group contribution will affect provisions for payable tax, but Period & Year includes the amounts from group contributions as an element under **Other temporary differences that affect deferred tax** in the function for temporary differences. Should this produce a different result than expected, the amount can be overridden in the function for temporary differences on the separate card **Differences affecting deferred tax**. Assets classified as held for sale : Reference account 1151 is used for this type, and this account is shown as a separate group under current assets in the schedule. Change in value investment properties : Reference account 3850 is used for this type, and this account is shown with operating profit before and after changes in value of investment properties. Other profit components for IFRS : The reference accounts in the 88 series are used for this: : - 8880 Change in value adjustment reserve (IFRS) - 8881 Actuarial gains and losses on benefit plans (IFRS) - 8882 Other income and expenses related to enterprises (IFRS) - 8883 Net gain and loss on equity instruments (IFRS) - 8884 Change in fair value due to own credit risk (IFRS) - 8890 Tax related to items not to be reclassified (IFRS) - 8891 Currency translation differences (IFRS) - 8892 Change in fair value of the hedging instrument in cash flow hedging (IFRS) - 8893 Net gains and losses on financial assets measured at fair value (IFRS) - 8894 Net change in hedging costs (IFRS) - 8895 Tax related to items that can be reclassified (IFRS) : The desired accounting lines with the desired line text are edited in the layout plan by dividing the accounting line into several accounting lines, where you can edit the texts yourself. Biological assets : Reference account 1490 is used for this type, and the amount is included in a separate line in temporary differences. Tax values ​​for biological assets are recorded directly in temporary differences by overriding the field for tax value of biological assets. : Change in value of biological assets in the income statement uses reference account 3870. Various information /periodandyear/help/taxation/impersonal/information/company/various-information page 2024-09-12T19:33:52+02:00 # Various information In **Various information**, you register information that is automatically transferred to the tax return. Select **Yes** for the conditions relevant to the company and answer the questions in the underlying section that then appear. See [Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Accounting office /periodandyear/help/taxation/impersonal/information/company/accounting-office page 2024-09-12T19:33:52+02:00 # Accounting office Information about the **Accounting office** can be imported from the [Brønnøysund Register Centre](https://www.brreg.no/) or filled out manually. Registered information about the Accounting office on the clients corporate identity number will be fetched. All information can be edited if needed. To import data, simply click the button**Import from BrReg.no** at the bottom of the page in **Year-end closing - Information and tax - Information**. The button is available in the following menus: - Client information - Accounting office - Auditor Auditor /periodandyear/help/taxation/impersonal/information/company/auditor page 2024-09-12T19:33:52+02:00 # Auditor **Auditor** appears in the menu on the left if you answered **Yes** to the question **Is the company subject to audit?** under **Client information**. Information about the **Auditor**can be imported from the [Brønnøysund Register Centre](https://www.brreg.no/) or filled out manually. Registered information about the auditor on the clients corporate identity number will be fetched. All information can be edited if needed. To import data, simply click the button**Import from BrReg.no** at the bottom of the page in **Year-end closing - Information and tax - Information**. The button is available in the following menus: - Client information - Accounting office - Auditor Basis values /periodandyear/help/taxation/impersonal/information/basis-values section 2025-03-25T07:49:38+01:00 # Basis values ## Basis values In the left menu under **Basis values**, you register values to calculate tax values. All areas are not displayed in the left menu by default. There is an auto setting which makes some areas in **Basis values** visible dependent on account balance or previous values. Click on **Edit feature areas** to edit the auto settings or show a menu which is not displayed.

You can’t hide a feature area if it contains data. If an are is locked due to existing values in this area, you should delete data first.

 Goods /periodandyear/help/taxation/impersonal/information/basis-values/goods page 2024-09-12T19:33:52+02:00 # Goods The **Overview** tab shows accounting values and tax values of goods this year and last year. The accounting value is displayed at the client account level and is summed per inventory group and in total. Tax values displayed here are the result of entries on the **Calculated taxable value** tab. Click **Show All** to see all associated client accounts with zero values. In the **Calculated taxable value** tab, you calculate the tax value of goods. Adjust accounting value for dead stock and other adjustments to get tax value. Last year\'s tax value is entered manually the first year, and is populated automatically later years. Tax value is automatically transferred to relevant subjects and to **Changes in temporary differences**. Click **Show all** to see all inventory groups with associated client accounts with zero values. See [Items, fields and subjects in new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Account receivables /periodandyear/help/taxation/impersonal/information/basis-values/account-receivables page 2025-03-25T07:49:38+01:00 # Account receivables ## Account receivables The **Overview** tab shows accounting value and tax value of accounts receivable this year and last year. Accounting value is displayed at client account level. The tax value displayed here is a result of entries on the **Calculated taxable value** tab. Click **Show all** to see all associated client accounts with zero values. On the **Calculated taxable value** tab, you calculate the tax value of accounts receivable. The system calculates tax write-down for the **Calculate based on formula** option. Nominal value of trade debtors and not invoiced trade debtors, confirmed losses on trade debtors, and sales revenue are automatically populated. If the amount in **Sales revenue** has both credit sales and cash sales, fill in the relevant amount for cash sales in the fields **Of which cash**. This because cash sales shall not be included in the calculation of tax write-downs of nominal value of trade debtors and not invoiced trade debtors. You can see which client accounts are part of an automatically populated field by hovering over a value field and clicking on the symbol that appears. Select **Show accounts**. In the same menu you can also select **Override amount**. Last year\'s values ​​are entered manually the first year, and are populated automatically later years when you select **Copy year-end data from previous year** under **Maintenance - Import data**. If the company is newly established, a 2% tax write-down of nominal value of trade debtors and not invoiced trade debtors may be required, at the end of the establishment year and the following two income years. Select the option **Use 2% write-down (newly established business)**, and the system automatically calculates tax value based on this choice. Values ​​from the **Calculated taxable value** tab are automatically transferred to **Changes in temporary differences**. Fixed asset register /periodandyear/help/taxation/impersonal/information/basis-values/fixed-assets-register page 2024-09-12T19:33:52+02:00 # Fixed asset register

The fixed asset register is available for companies with full accounting obligations. Companies with limited accounting obligations only have the function for tax depreciation and automatic posting of tax depreciation available

Click on **Add fixed asset**(+ symbol) in the upper right corner to create a new fixed asset.

Import fixed assets from excel

Click on the Import fixed asset from excel –icon in the upper right corner to start the import wizard. The import requires the information to be in a specific format. A template can be downloaded from the dialog.

  1. Drop or browse for the excel file you want to import (*.xlsx or *.xls).
  2. Select Replace or add content.
  3. Click Next to load and validate data.
  4. Select the rows you would like to import and click Import.
  1. Click Close to return to the fixed asset register.
In the dialogue, you can fill in the current information on the fixed asset. You can select depreciation type under **Tax-related depreciation**. Based on the selected depreciation type, Period & Year suggests relevant options that can be selected. For example, if the depreciation type **Balance depreciation** is selected, you can select the relevant **balance group** from the drop-down.

On the basis of the selected depreciation type in the fixed asset register, a detail card will be created automatically under Tax-related depreciation. Values from the fixed asset register will automatically be transferred to the applicable detail card (for example new acquisition and disposal).

The first tab displays an overview of all the fixed assets in the fixed asset register.

If a fixed asset has been sold and is to be transferred to the Profit/Loss account, this will happen automatically. If several profit/loss accounts have been created, select the relevant one in a drop-down menu in the detail card under tax depreciation.

Under the tab **Depreciation**, you can specify how many months to depreciate. We indicate that when selecting the correct number of months, there are no differences between the depreciation of the fixed asset register and the booked value of depreciation. Based on what is defined of depreciations under this tab, systemvouchers are created and update the accounting automatically.The documentation of the systemvouchers can be found in the report **Closing entries** in **Report center**. Under the tab **Reconciliation**, a reconciliation of the booked values according to the fixed asset register compared to the booked values to the accounting is displayed. If differences are shown in this view, this indicates a follow-up of fixed assets that indicate which accounts there are differences on. This allows you to detect and correct for any differences. Under the tab **Notes - Tangible fixed assets**, a note for tangible fixed assets and intangible assets is displayed. The dialogue **Edit fixed asset** is displayed by clicking on the relevant fixed asset in the view **Overview**. The system makes automatic calculations based on the information you enter in the dialogue. The amounts must be registered with a positive sign.

You can chose to create a system voucher for bookkeeping impairments registered in the fixed asset register. This is done by selecting Create system voucher which appears under Impairment in the detail card.

The system calculates a depreciation percentage based on registered information in the field **Effective life**. Initially, the year-end closing calculates 12 months of depreciation unless there is new acquisition and disposal, where we calculate depreciation from the month of the new acquisition and even the month of disposal. Each fixed asset must be linked to an existing account. The options that appear in the drop-down menu are existing fixed assets accounts in the balance sheet. If you want to add a new account, this must be done under **Settings** and **Client chart of accounts** for it to be available in the drop-down menu in the dialogue. Based on which account that is chosen, the system will suggest whether or not the fixed asset is tax depreciable. This is only intended as a guidance and as a user you must always consider our suggestion. Similarly, an asset group is also suggested based on account selection. Please note that if you do not have the correct mapping on an account in your balance, this may result in incorrect suggestion of the asset group. The system also suggests which account regarding accounting depreciation that is current for the fixed asset. Tax-related deprecations /periodandyear/help/taxation/impersonal/information/basis-values/tax-related-depreciations page 2025-03-25T07:49:38+01:00 # Tax-related deprecations Tax-related deprecations should be completed and submitted with the new tax return for businesses.

The registration page for balance depreciation is dynamic in relation to what is registered. Fields are only displayed if they are relevant in the situation, depending on registration in other fields.

For example, fields for transfer to profit and loss account will only appear in cases where they are relevant, e.g. if the realization date is set for balance group e, or if balance group b has a negative value in the depreciation basis, while balance groups a, c, d and j according to the tax rules never have a transfer to profit and loss account, and therefore will never show fields for transfer of profit or loss to profit and loss account.

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](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) 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. Profit and loss account /periodandyear/help/taxation/impersonal/information/basis-values/profit-loss-account page 2025-03-25T07:49:38+01:00 # Profit and loss account ## Profit and loss account (impersonal) Profit and Loss should be completed and submitted with the company tax return if you have a loss account after the realisation of fixed assets etc. Follow the instructions below to calculate any profits or loss . 1. Click **Add profit- or loss account**, the symbol at the top right to create new accounts. An account is created in a separate tab. 2. Fill in relevant fields.

You can delete an account by clicking the Deletebutton at the bottom of each tab.

The first tab shows an overview of created accounts and a summation of all profit and loss accounts. The tax values of profit and loss accounts are automatically transferred to relevant subjects in business information. See [Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. ## Field explanations Profit and loss account ID : A numeric id is suggested when you create a new Profit-/loss account. Municipal : Relevant when there are several industries in several municipalities. Balance per 31.12. transferred from last year\'s profit and loss account : Enter the balance as of 31.12 in the previous income year, from the profit and loss account. \+ Total gain on realization and withdrawal : Enter all gains from the realization of fixed assets. Gain on realization of entire livestock on a farm upon termination of branch of operation : Enter all gains from the realization of entire livestock on a farm upon termination of branch of operation Incoming value from acquired profit and loss account : Enter any incoming value from acquired profit and loss account. Value of realized profit and loss account : Enter value of realized profit and loss account \- Total loss on realization and withdrawal : Enter all losses from the realization of fixed assets. = Basis for the year\'s income / deduction : Basis for this year\'s income / deduction recognition is calculated automatically based on registered values. \+ Maximum 20% as income deduction. Any remaining amount less than NOK 15,000 for deductions. : The value is calculated based on registered values. The field can be overridden by hovering over the field and selecting **Override amount**. Minimum 20% as income. Any remaining amount less than NOK 15,000 as income : The value is calculated based on registered values. The field can be overridden by hovering over the field and selecting **Override amount**. Balance profit and loss account per 31.12 transferred to next year. : The value is calculated based on registered values. Percentage for this year\'s income recognition or this year\'s income deduction : The rate for the current year is displayed. Credit deduction /periodandyear/help/taxation/impersonal/information/basis-values/credit-deduction page 2024-09-12T19:33:52+02:00 # Credit deduction Credit deductions can be claimed by companies that are considered tax-resident in Norway according to Norwegian law and tax treaty. If the company has income or assets abroad - and are taxed both in Norway and abroad, a deduction can be claimed in Norwegian equalized tax for the tax part paid abroad. The credit deduction is limited to the lowest of; - The calculated Norwegian tax on the total foreign income and/or foreign assets - The amount that is actually paid in tax abroad in the same income year as the income/wealth is taxable in Norway Credit deductions are distributed among the following categories; - Income from NOKUS/low tax countries - Other foreign income - Other - including deductions in Norwegian tax when taxation of dividends etc. from foreign subsidiaries A separate tab has been created for each of these categories in the system.

Select 'Credit deduction abroad' in Client information to see Credit deduction in Basic values.

In the tax return, information must be filled in that shows that the company is entitled to a credit deduction. This is done in **Information and tax -Information - Credit deductions**. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Interest limitation /periodandyear/help/taxation/impersonal/information/basis-values/interest page 2025-02-10T18:15:25+01:00 # 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.**

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 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.**

Incorrect completion in work area:

If the user by mistake has activated the work area and filled in data, but wants to close it, there is a reset button at the bottom of the work area.

See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Hydroelectric plants /periodandyear/help/taxation/impersonal/information/basis-values/hydroelectrical-plant section 2024-09-20T08:09:24+02:00 # Hydroelectric plants In **Year-end closing - Information and tax - Information - Basis values** ​​- you will find the work area for **Hydroelectric plant.** The area is activated by selecting \'Hydroelectric plant\' from **Edit feature areas.** On clients imported in 2023 from Altinn, Finale Årsoppgjør or Total Årsoppgjør, activation will be done automatically if there is a power plant in tax form RF-1151.

Import from Altinn, Finale Årsoppgjør or Total Årsoppgjør for the income year 2022

For the income year 2023, imports of historical data for income year 2022 can be made from either Altinn, Finale Årsoppgjør or Total Årsoppgjør.

Please note that imports will not be able to specify the correct type of fixed asset for special fixed assets in power plants, but use the lifetime (67 years / 40 years) to select a type that has the same lifetime (power station (67 years) or mechanical equipment (40 years) This must be changed manually to the correct type. This is done by registering the change directly on the individual fixed asset.

The area consists of the following registration pages that have conditions that specially apply to hydroelectric plants: - Hydroelectric plant - Separate fixed assets in power plants - Acquisitions of separate fixed assets - Separate fixed assets under construction - Taxable depreciations in power plants

Note that these area requires logging in with an active connection to the tax authorities.

#### Reference account codes specifically for power companies Here is a list of account codes that are specific to power companies - 1117 Electrotechnical equipment in power companies (balance group g) - 1118 Separate fixed assets in power plants under construction - 1119 Separate fixed assets in power plants - 1218 Separate fixed assets in power plants under construction - 1219 Separate fixed assets in power plants - 1577 Natural resource tax brought forward - 2501 Payable natural resource tax, not offset - 2502 Land rent tax payable, not offset - 8301 Natural resource tax - 8302 Basic interest tax #### Tax calculation The tax calculation function contains a separate card **Payable tax for hydroelectric power plants**. This function retrieves values ​​from tax calculations carried out by the Tax Administration, which are shown on the separate card **Tax calculation from the Skatteetaten**. At the bottom of this tab, accounting for tax expense is shown, where accounts entered show the desired tax amount, and automatic postings will adjust the account balance to match the amounts entered.

It is possible to override which tax cost is to be posted, so that you can have the tax cost that you have calculated posted in cases where the annual accounts have already been submitted.

 Hydroelectric plant /periodandyear/help/taxation/impersonal/information/basis-values/hydroelectrical-plant/hydroelectric-plant page 2024-09-20T08:09:24+02:00 # Hydroelectric plant In **Year-end closing - Information and tax - Information - Basis values** ​​- you will find the work area for **Hydroelectric plant.** The area is activated by selecting \'Hydroelectric plant\' from **Edit feature areas.** The power plant overview contains a summary of calculated values ​​from the property tax base, natural resource tax and ground rent income before and after coordination with other group companies. #### Coordination of ground rent income in the group The power plant overview contains registration of coordination with other companies in the group, and values ​​registered have an effect on the final coordinated ground rent income. #### Hydroelectric plant This menu item contains a list of hydroelectric plants, and these are created by clicking on the plus icon in the upper right. Two different types of hydropower plants can be created here: - With rent income (10,000+ kVA) - Without rent income (\< 10,000 kVA) Hydropower plants without ground rent income : These power plants may have associated special operating assets in power plants. : Other tax-related depreciation can also be linked to the hydropower plant, and will be included as part of the property tax basis and the asset calculation for the power plant. Balance depreciation in balance groups a, c, d and g will be included as asset value of the power plant if they are linked to a power plant, and will otherwise be included as assets from the balance groups, as in other companies if they are not linked to a power plant. : The property tax base and asset value are calculated from the tax-depreciated value of the special operating assets in the power plant. Hydroelectric plant with ground rent income : These are power plants that calculate ground rent income and natural resource tax. Property tax base and asset values ​​are calculated according to the special rules for the present value of calculated future cash flows according to the rules in the Tax Act. Calculation of values for power companies : Calculations of these values are made technically by submitting values ​​to the Tax Administrations calculation functions, and making use of the Tax Administrations calculations of all the different calculated fields for power companies. This also requires that you log in to the Tax Administration functions within the program to identify yourself. #### Ground rent income Ground rent income is on a separate tab in **Ground rent income** at the individual hydroelectric plant. Specification of gross rent income : Total annual production is recorded under the power plant information. Other data is recorded on a separate tab **Ground rent income** with the exception of power delivered in accordance with contract and profit from the realization of special fixed assets used in power production. Contract income : Power delivered according to contract is registered on separate tab **Contract revenue** at the individual power plant. Contract income is an overview per contract, and here it is possible to import data from Excel. :

Import from Excel

The import button can be found at the top right, to the left of the plus button for creating a new power plant. By pressing the import button, a dialog appears where you can download an Excel template for this import function. It is necessary to use this Excel template to import data.

When importing, there are two choices:

(1) Add imported data to the existing content and (2) Delete existing data and replace it with imported data.

Profit from the realization of special fixed assets used in power production : Amounts are calculated automatically by the Tax Administration on the basis of data on special operating assets in power plants. Specification of deductions in ground rent income : Deductions in ground rent income consist of both data that is registered and data that is calculated by the Tax Administration on the basis of other data from the client\'s business specification and tax return. Some calculations are commented on below. Tax-related depreciation of fixed assets used in power production : These are depreciation both on special operating assets in power plants and other tax-related depreciation (balance depreciation and linear depreciation otherwise). These are depreciations on the elements that are not directly deducted from the ground rent income at the time of investment. Loss on realization of a special fixed asset used in power production : Amounts are calculated automatically by the Tax Administration on the basis of data on special operating assets in power plants. Investment cost related to power production : These are elements that are stated as directly deducted from the ground rent income at the time of investment both on special operating assets in power plants and other tax-related depreciation (balance depreciation and linear depreciation otherwise). This year\'s calculated corporation tax on business subject to ground rent : Amounts are calculated automatically by the Tax Administration on the basis of data on business specification and tax return. This year\'s application of carried forward calculated negative corporation tax : Amounts are calculated automatically by the Tax Administration on the basis of data on business specification and tax return Carry forward negative ground rent income from before 2007 : Value carried forward from previous years must be registered here, while interest and application to deductions in positive ground rent income is calculated by the Tax Administrationy and automatically entered into the registration form. Calculated company tax and calculated negative company tax to carry forward : Calculations of calculated fields are obtained from the Tax Administration calculations, and are obtained from the Tax Administration calculation functions. #### Natural resource tax Natural resource tax is on a separate tab in **Natural resource tax** at the individual hydroelectric plant. Values from previous years are taken from tax returns from previous years, and can also be registered manually. Distribution of municipalities is done by registering a distribution key between the municipalities. Distribution keys can be any number, and are distributed based on the municipality\'s distribution key divided by the total distribution key for all municipalities if there are more than one municipality. It is not necessary to register a distribution key if there is only one municipality in the list. #### Wealth/property tax Basis for calculation specifies gross sales revenue for the current year, and sums up deductions for costs and ground rent tax. Gross sales revenue, gross operating costs and deductions for ground rent tax from the previous four years are taken from the previous year\'s tax return, and are not specified beyond this (new from 2023). The present value calculation itself is carried out by the Tax administration, and is entered in Period & Year from the Tax Administrations calculations. The present value of future replacement costs appears as the sum of values from the following objects linked to the power plant: - Separate operating assets in power plants, value of the individual acquisition - Balance depreciation See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Separate fixed assets in power plants /periodandyear/help/taxation/impersonal/information/basis-values/hydroelectrical-plant/separate-fixed-assets-power-plants page 2024-09-20T08:09:24+02:00 # Separate fixed assets in power plants In **Year-end closing - Information and tax - Information - Basis values** ​​- you will find the work area for **Separate fixed assets in power plants.**. The area is activated by selecting \'Hydroelectric plant\' from **Edit feature areas.**

Note that the area requires logging in with an active connection to the Tax Administration.

Separate fixed assets in power companies consist of the following structures: - Fixed asset - Acquisitions related to the fixed asset The fixed asset contains information about the municipality and whether the investment cost is directly expensed in ground rent taxation. If a fixed asset is to have varying information about it, it must be split into several fixed assets. Disposal is registered on the fixed asset itself and not on the acquisitions. All investments are placed on the acquisition object, which is an underlying object of the fixed asset. The fixed asset also contains a separate profit and loss account, which is also included in the calculation of temporary differences. Fixed asset register : It is possible to register acquisitions of fixed assets in power companies in the **Fixed assets register**. In such cases, it is indicated that there is a \'Separate fixed assets in power plants\', and the desired parameters are registered. Acquisitions of separate fixed assets : This menu gives you the following options: : 1\. Import to Excel : 2\. Export to Excel : 3\. Filtered view : Filtering can be done on: : 1\. Power plant : 2\. Construction equipment : 3\. Base rate treatment : 4\. Acquisition year : There is a spreadsheet template for importing both new special fixed assets and acquisitions of existing special fixed assets in power companies. : There is an export function for this too, where export is made in the same format as import, so that you can export data, then modify data and import data again. :

The import function allows you to add:

1. Separate operating assets in power plants

2. Acquisition of a new or existing special operating asset in a power plant

See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Acquisitions of separate-fixed-assets /periodandyear/help/taxation/impersonal/information/basis-values/hydroelectrical-plant/acquisitions-separate-fixed-assets page 2024-09-20T08:09:24+02:00 # Acquisitions of separate-fixed-assets In **Year-end closing - Information and tax - Information - Basis values** ​​- you will find the work area for **Acquisitions of separate-fixed-assets** The area is activated by selecting \'Hydroelectric plant\' from **Edit feature areas.**

Note that the area requires logging in with an active connection to the Tax Administration.

Acquisitions of separate fixed assets : This menu gives you the following options: : 1\. Import to Excel : 2\. Export to Excel : 3\. Filtered view : Filtering can be done on: : 1\. Power plant : 2\. Construction equipment : 3\. Base rate treatment : 4\. Acquisition year : There is a spreadsheet template for importing both new special fixed assets and acquisitions of existing special fixed assets in power companies. : There is an export function for this too, where export is made in the same format as import, so that you can export data, then modify data and import data again. :

The import function allows you to add:

1. Separate operating assets in power plants

2. Acquisition of a new or existing special operating asset in a power plant

See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Separate fixed assets under construction /periodandyear/help/taxation/impersonal/information/basis-values/hydroelectrical-plant/separate-fixed-assets-under-construction page 2024-09-20T08:09:24+02:00 # Separate fixed assets under construction In **Year-end closing - Information and tax - Information - Basis values** ​​- you will find the work area for **Separate fixed assets under construction** The area is manually activated by selecting \'Hydroelectric plant\' from **Edit feature areas.**

Note that the area requires logging in with an active connection to the Tax Administration.

This is a registration that is made in order to get the tax value included in the calculation of temporary differences. There is a separate menu item for this. Value 01.01. is not used for anything other than information. They are included in the calculation of the tax value of temporary differences per 01.01., but values ​​here are normally already overridden when transferring to the new year. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Balance depreciations etc. in power plants and fixed asset register /periodandyear/help/taxation/impersonal/information/basis-values/hydroelectrical-plant/balance-depreciation-in-power-plants page 2024-09-20T08:09:24+02:00 # Balance depreciations etc. in power plants and fixed asset register In **Year-end closing - Information and tax - Information - Basis values** ​​- you will find the work area for **Balance depreciations etc. in power plants**. The area is activated by selecting \'Hydroelectric plant\' from **Edit feature areas.**

Note that the area requires logging in with an active connection to the Tax Administration.

#### Balance depreciation Balance depreciation : Balance depreciation, ordinary straight-line depreciation and non-depreciable tax fixed assets all have power plant information for fixed assets belonging to power plants. : Each depreciation object (e.g. a balance in balance depreciation) has a tick for the fact that it applies to hydropower plants, where you can tick this off. If this object concerns hydropower plants, there is also information about: : - Investment directly expensed in ground rent taxation : If you have investments that are both directly expensed and that are depreciated in the ordinary course of basic income taxation, you must divide them into two different balances. This also applies to cumulative balances, e.g. balance group d. : - Power plant : Here you choose which power station the object belongs to. If you have several power plants, you must have a balance for each of the power plants, also on aggregate balances such as e.g. balance group d. : - Is a fixed asset under construction (Choice Yes/No, where No is the default value) : - Calculated fields that are calculated by the Norwegian Tax Agency and read into the depreciation object: - This year\'s exempt income - Present value of future replacement costs Consumer price index-adjusted investment cost - Consumer price index-adjusted investment cost - Remaining life - Part of the year\'s investment cost that is directly expensed in ground rent income (registered). Balance depreciation etc. in power companies : There is a separate menu with an overview of all balance depreciation in the company, where you can see the special power plant fields. In this screen, you can filter on power plants and on basic interest treatment. : In this menu, you can export the existing balance depreciation, make adjustments to these in Excel, and import data back. You can choose to import everything, or only import data that applies to the specific power plant fields. : It is also possible to import data from Excel without performing an export first. In such cases, a template is used for import which is displayed for download when the import function is selected. #### Fixed asset register Separate operating assets in power companies acquired in previous years : Fixed assets that are of the type special fixed asset in power companies do not have an indication/link to fixed asset if it was acquired in previous years. : Access from previous years must be registered in the fixed asset register without reference to which specific fixed asset this belongs to. In order to update a special fixed asset in a power plant, you must therefore register previous years\' acquisitions in two places, both in the asset catalog and in an overview of acquisitions for a special fixed asset in a power company. : Any disposal of such a fixed asset must be registered both in the fixed assets register and in special fixed assets in power companies. Access/improvement to Separate fixed assets in power plants acquired in the current year : A special fixed asset in a power plant consists of a main fixed asset and one or more acquisitions of these. The fixed asset register can only enter references to a main operating asset that already exists. New operating assets must therefore first be registered in an overview of special fixed assets in power plants. After this has been done, you can enter the year\'s expenses for these. : The year\'s access can, if desired, if you use the fixed asset register in Period & Year, be registered in the fixed asset register and linked to the operating asset, so that it is only registered in one place. : If an access is deleted in the fixed asset register, it will also be deleted as an acquisition in the special fixed asset in the power company. The import function in the fixed asset register : In the case of imports into the fixed asset register, there is only support for imports of acquisitions in previous financial years. When importing this year\'s acquisitions, the following applies: : - The acquisition is marked with **Accounting presentation**. - The acquisition must also be imported in the function for importing acquisitions for special fixed assets in power companies. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Import of hydroelectric plant /periodandyear/help/taxation/impersonal/information/basis-values/hydroelectrical-plant/import-power-plant page 2024-09-20T08:09:24+02:00 # Import of hydroelectric plant #### Import Here is an overview of import functions that exist, and which are important for hydroelectric plants: Fixed asset register : In the case of imports into the facilities register, there is only support for imports of acquisitions in previous financial years. When importing this year\'s acquisitions, the following applies: : The acquisition is marked with **Accounting presentation**. : The acquisition must also be imported in the function for importing acquisitions for special fixed assets in power companies. Contract income in ground rent income : There is a spreadsheet template for importing contract income, which makes it easier if you have a certain amount of these. This can be found at the individual power plant on the separate **Contract income** tab. Acquisitions of special fixed assets : There is a spreadsheet template for importing both new special fixed assets and acquisitions of existing special fixed assets in power companies. : There is an export function for this too, where export is made in the same format as import, so that you can export data, then modify data and import data again. Balance depreciation etc. in power companies : In this menu, you can export the existing balance depreciation, make adjustments to these in Excel, and import data back. You can choose to import everything, or only import data that applies to the specific power plant fields. : It is also possible to import data from Excel without performing an export first. In such cases, a template is used for import which is displayed for download when the import function is selected. Shipping company taxation /periodandyear/help/taxation/impersonal/information/basis-values/shipping-company-taxation page 2024-09-12T19:33:52+02:00 # 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 : - Taxable gain upon entry into the tonnage tax scheme Income supplement for high equity : - Total adjusted assets : - Average total adjusted assets Interest deduction and deductible currency loss/taxable currency gain : - Share of financial assets from underlying company at the beginning and end of the year - Average - Deductible interest expense - Average short-term currency gain - Average short-term currency loss for interest to other related parties cut off - Taxable realised long-term currency gain established from 2005 onwards - Deductible realised long-term currency loss established from 2005 onwards - Total taxable currency gain - Total taxable currency loss Calculation of tonnage tax : - Total tonnage tax in own company - Total tonnage tax Gain account : - Basis for current year income recognition - Recognition of gain account (calculated standard with 20%) - Outgoing value Calculation of financial income/financial deficit : - Total financial income - Total financial expenses

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 [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Onshore wind parks /periodandyear/help/taxation/impersonal/information/basis-values/onshore-wind-parks section 2025-03-28T16:20:53+01:00 # Onshore wind parks Onshore wind power can be activated for a client by opening **Edit areas** under **Year-End closing** - **Information and Tax** - **Information**. The feature consists of two menu items: - Onshore wind parks - Contracts in onshore wind farms Individual wind farms are registered in the **Onshore wind parks** menu. > [!NOTE]Read more about 'Resource rent tax on onshore wind power' >The Tax Administration has a dedicated information page for [Resource Rent Tax on onshore wind power](//www.skatteetaten.no/en/business-and-organisation/reporting-and-industries/industries-special-regulations/kraft/vindkraft/grunnrenteskatt-pa-landbasert-vindkraft/), which is important to familiarize yourself with. ### Menu Onshore wind parks On the **Information** tab, it is important to register the correct values in the field **Installed capacity in MW according to the concession** and in the field **Number of turbines**, as these fields are crucial for determining tax liability for resource rent income. On the **Income** tab and the **Deductions** tab, some fields will be calculated based on registered contracts, while other values are entered manually. The calculations may be possible to override on some values. The **Resource Rent Tax** tab shows the sum of income from the **Income** tab, while the total deductions from resource rent income are the sum from the **Deductions** tab, plus corporate tax from the **Corporate Tax** tab. On the **Corporate Tax** tab, depreciation deductions must be calculated and registered. These fields are not calculated by the Tax Administration. These calculations are complex. The Tax Administration provides information on these calculations from the webinars held in the fall of 2024, available on [Tax administration pages](//www.skatteetaten.no/bedrift-og-organisasjon/rapportering-og-bransjer/bransjer-med-egne-regler/kraft/vindkraft/grunnrenteskatt-vindkraft/#webinarer).

Calculations made from contracts and internally on the Wind parks tab require you to be logged into the Tax Administration system, as the Tax Administration’s calculations are linked to the menu item.

### Menu Contracts in onshore wind farms Here, the various contracts for the sale of wind power are registered. Information on income, gains, and losses from these contracts will be transferred to fields on the **Income** tab under **Onshore wind parks**. Make sure to specifically check that gains and losses are included. Gains and losses from early termination will be transferred to separate items on the income tab. #### Investment cost (direct deduction) The company can directly deduct the current year's costs related to onshore wind park from the basis for resource rent tax when the fixed asset is used in resource rent taxable activities. Information about fixed assets used in resource rent taxable activities must also be provided under the **Fixed assets** section. #### Depreciation of other fixed assets this year Depreciation of assets that are not directly deducted may be deducted from resource rent income according to special rules. Information on fixed assets used in resource rent taxable activities must also be provided under the **Fixed Assets** section. See separate instructions for these fields under [Fixed Assets in onshore wind parks](/periodandyear/help/taxation/impersonal/information/basis-values/onshore-wind-parks/fixed-assets). #### Gains and Losses on realization of fixed assets When realizing assets that are to be depreciated in resource rent income, the rules for deductions when determining ordinary income in Chapter 14 of the Tax Act, along with the special rules for wind power plants, apply. For assets that have been directly deducted from resource rent income, the entry value should be set to zero kroner. ### Tax calculation and posting of tax expenses For onshore power parks, there are specific reference accounts for tax expenses and balance sheet tax: - 1591 Tax value of carried forward negative resource rent income for onshore wind power - 1592 Carried forward production fee for onshore wind power - 2505 Payable resource rent tax for onshore wind power, not yet assessed - 8305 Resource rent tax for onshore wind power In the tax calculation, the tax calculation from the Tax Administration will be read, and the following values are used: - Value from the field **Resource Rent Tax in onshoew wind power**: Payable tax to be credited to account with reference account 2505 Payable resource rent tax for land-based wind power, not yet assessed. - Value from the field **Carryforward production fee including interest**: Future tax due will be debited to the account with reference account 1592 Carryforward production fee for onshore wind power. - Value from the field **Carryforward negative resource rent income including interest**: Future tax due will be debited to the account with reference account 1592 Carryforward production fee for onshore wind power, with the field value multiplied by the resource rent tax rate, which for 2024 is 31.2%. - The offset to changes in the value of the mentioned 3 accounts will be the account with reference account **8305 Resource rent tax for onshore wind power**. The calculated values can be overridden in the tax expense page and will then be posted with the overridden value. Notes will also use the overridden value. If an account does not exist, the account will be created automatically. In the note to the public financial statements, the balance from the mentioned accounts will appear in both tax expense and balance sheet tax.

Wind parks companies with participant taxed

Companies with participant taxation will automatically calculate positive or negative resource rent income for participant reporting.

For participants in wind park companies with participant taxation, there are separate items in the participant statement where values can be registered, which will also be retrieved from a potentially pre-filled tax return with these items.

 Fixed assets in onshore wind power /periodandyear/help/taxation/impersonal/information/basis-values/onshore-wind-parks/fixed-assets page Fixed assets, depreciation and direct deduction 2025-05-21T14:33:14+02:00 # Fixed assets in onshore wind power Fixed assets, depreciation and direct deduction There are specific rules for adjusting the depreciation base for assets acquired before 01.01.2024, and these calculations must be made for each individual asset for non-depreciable assets, linearly depreciated assets, and for each balance for balance-depreciated assets. If an asset or balance concerns assets both within and outside the resource rent taxable activity, they must be split into two parts: one for resource rent taxable activity and one outside the resource rent area, to ensure that depreciation, gains, and losses within and outside the resource rent area can be reported separately in the future. Alternatively, separate reports outside of Period & Year with these calculations must be kept. The latter option will require overrides for individual assets or balances for each year, and it is not recommended. > [!NOTE]Read more about 'Fixed assets in onshore wind power' >The specific transition rules for fixed assets can be found on the Norwegian Tax Administration's website, under the section for [Resource rent tax on onshore wind power](//www.skatteetaten.no/en/business-and-organisation/reporting-and-industries/industries-special-regulations/kraft/vindkraft/grunnrenteskatt-pa-landbasert-vindkraft/). The cost price of tangible fixed assets reduces taxable income according to several different regulations that must be treated separately: - Depreciation, gains, and losses under the normal rules for calculating the company's general income - Depreciation of the adjusted depreciation base as of 01.01.2024, with one-fifth annual depreciation for resource rent income - Direct deduction of acquisitions that can be directly deducted from the resource rent income - Depreciation of assets that are to be deducted in the calculation of corporate tax in the resource rent income Taxable objects can be one of the following: - Balance depreciation of assets in balance group e-j (special balances for each unit) - Balance depreciation of the master balance in balance groups a, c, and d - Non-depreciable assets - Linearly depreciated assets #### Used in resource rent taxable activities Here, the company must specify whether the taxable object is an asset used in resource rent taxable wind power installations. It is recommended to separate the objects so that there are separate master balances in groups a, c, and d for each wind park and for those outside the resource rent taxation. For other assets with mixed use, it is also recommended to separate assets into their own objects for each wind park and areas outside the resource rent zones. No deduction is allowed for activation costs for the acquisition of land or other payments to landowners, rights holders, municipalities, etc., as mentioned in the Tax Act § 18-10 third paragraph letter a number 1 third sentence, nor for costs related to the acquisition of existing wind power installations. These objects must therefore be treated as objects outside the resource rent area. Wind power installations that are realized without taxation, cf. Tax Act § 18-10 seventh paragraph letter b, must be treated separately regarding the continuation of the seller's tax positions. If the depreciation applies to assets linked to several wind power installations, the depreciation must be allocated between the wind power installations. It is recommended that for Period & Year, one object is created for each wind power installation, so that automatic calculations can be applied without the need for overrides. #### Separate treatment of assets acquired before 2024 and assets acquired in 2024 or later Assets acquired before 01.01.2024 shall have a new depreciation base calculated, which is only used when determining resource rent income, and this new depreciation base is depreciated with one-fifth annually from 2024 to 2028. Acquisitions made from 2024 onward will be directly deducted from the resource rent income. It is recommended to separate balance depreciation and other taxable objects from previous years and new objects to ensure that assets acquired before 01.01.2024 and assets acquired in 2024 and later are not recorded on the same balance or the same taxable object, thus simplifying the calculation of taxable depreciation. #### Directly expensed investment costs These are taxable objects marked with **Yes, with direct deduction**, but the field can be overridden if desired. Overriding is not necessary if assets acquired before and after 01.01.2024 are kept separate. The direct expensed investment cost for resource rent income in this year is entered in this field as an amount in NOK. This applies to investments made from 01.01.2024. On the **Wind Power** tab **Deductions**, the directly expensed investment cost will be deducted from the corresponding field in the depreciation of taxable objects. On the **Wind Power** tab **Corporate Tax**, the directly expensed investment cost will be reversed and replaced by the regular taxable depreciation of the same objects marked with **Yes, with direct deduction**. This field can also be overridden. #### Fixed assets from previous years The taxable value as of 01.01.2024 and the adjustment of the balance as of 01.01.2024 according to the specific rules for wind power installations must be registered manually, and depreciation of the depreciation base will be distributed with one-fifth depreciation in 2024 and the following four years (2025-2028) until the recalculated taxable value is fully depreciated in the resource rent income. Depreciation in resource rent tax with one-fifth annually from taxable depreciation will automatically transfer to the field for depreciation under **[Wind Power Installations](/periodandyear/help/taxation/impersonal/information/basis-values/onshore-wind-parks)** tab **Deductions**. > [!IMPORTANT] > On the **Wind Power**-tab **Corporate Tax**, depreciation in resource rent tax will be reversed and replaced by taxable depreciation under other rules. These depreciations must be calculated separately and registered on this page. > > The specific transition rules for assets can be found on the Norwegian Tax Administration's website, under the section for [Resource Rent Tax on onshore wind parks](//www.skatteetaten.no/bedrift-og-organisasjon/rapportering-og-bransjer/bransjer-med-egne-regler/kraft/vindkraft/grunnrenteskatt-vindkraft/). Aquaculture /periodandyear/help/taxation/impersonal/information/basis-values/aquaculture section 2025-03-25T07:49:38+01:00 # Aquaculture In **Year-end closing - Information and tax - Information - Basis values** you will find the work area for **Aquaculture**. The area is activated by selecting \'Aquaculture\' from **Edit feature areas.** The area consists of the following registration pages that have conditions that specially apply to aquaculture enterprises: - Asset register - Tax depreciation - Aquaculture The **Summary-tab** contains a summary of calculated values from ground rent income before and after coordination with other group companies.

Note that the area requires logging in with an active connection to the tax authorities.

#### Coordination of ground rent income in the group The **Summary-tab** includes registration of conditions affecting ground rent income, including coordination with other companies in the group, and the registered values affect the final coordinated ground rent income. #### Tax-related depreciations Under **Aquaculture taxation**, for each balance depreciation, straight-line depreciation, and non-depreciable objects, it is possible to choose how this will affect the calculation of ground rent income in aquaculture. Here are the following five options that determine the treatment in the calculation of ground rent income: - Yes, with direct deduction - Yes, with depreciation - Yes, partially - Yes, with depreciation - fixed asset acquired from related parties - Yes, partially - fixed asset acquired from related parties For choices marked with "partially", it must be stated how large a proportion applies to aquaculture, and the excess is considered outside the ground rent area. The choices made here will affect the amounts calculated in the fields of ground rent income: - Investment costs related to aquaculture activities - This year's depreciation on fixed assets used in aquaculture operations that are directly expensed - Tax depreciation of fixed assets from historical investment upon entry - Tax depreciation for operating assets in aquaculture operations #### Fixed asset register When registering in the asset register, the same five choices are available, so when registering an asset card, one can choose among these five, the choices of tax depreciation, and the system will filter on the choices, so one can only choose among balance deprecations, etc. that have stated the same selection as what one wishes to register as acquisition. #### Ground rent income Ground rent income is found under the choice **Aquaculture** under **Information and tax - Information**. Specification of gross rent income : Gross ground rent income must be registered in this menu. #### Registration of Volume Purchases and sales of live fish are recorded on the **Volume** tab together with a specification of the volume sold and the amount of harvested fish. Harvested fish must be divided between valuation by the price council and self-determination. Specification of Deduction in Ground Rent Income : Deduction in ground rent income consists of both data that are registered and data that are calculated by the Tax Administration based on other data in the aquaculture function and values from tax depreciation. #### Depreciation Depreciations and directly deducted investment cost are shown on the **Depreciation** tab with a specification of each tax object (balance deprecations or straight-line depreciated operational assets). Below, some calculations are commented upon. This Year\'s Calculated Corporate Tax on Ground Rent Taxable Operation : Calculated by the Tax Administration based on data in the industry specification aquaculture function. Carried Forward Calculated Negative Corporate Tax : Calculated by the Tax Administration based on data in the industry specification aquaculture function. Carry Forward Negative Ground Rent Income from Previous Years : The first year with ground rent income is 2023, so carrying forward from 2022 or earlier is not applicable. The first year of using the field is for 2024, where carrying forward from 2023 will be possible to register here. Calculated Corporate Tax and Calculated Negative Corporate Tax to Carry Forward : Calculations of calculated fields are obtained from the Tax Administration\'s calculations, and are sourced from the Tax Administration\'s calculation functions. #### Production Units On the **Production units** tab, an overview of the production units is registered along with information about the disposal and transfer of ground rent taxable aquaculture operation. #### Wealth of Aquaculture Permits Aquaculture permits are registered in the aquaculture function on the **Wealth** tab. Here, the sales value is registered, and other calculations happen automatically. The reference account for aquaculture permits is reference account number 1042 Aquaculture Permits. On the wealth tab, the wealth of aquaculture permits is shown on a separate line in the upper part of the image, while reference account 1042 Aquaculture Permits will show 0 in the wealth column in the lower part of the wealth image.

For sole proprietorships with aquaculture operations, the wealth of aquaculture permits must be manually registered along with account 1042 Aquaculture Permits under code 1020 Permanent concessions, patents, licenses, rights, etc.

#### Tax Calculation and Accounting of Ground Rent Tax The tax calculation is found under **Information and tax - Tax Calculation** under the left menu **Tax expense**. Accounts specially for tax on aquaculture operation (incorporated companies etc.): - 1578 Tax value of carried forward negative ground rent income for aquaculture - 2504 Payable ground rent tax for aquaculture, not offset - 8304 Ground rent tax for aquaculture Tax costs, the tab Tax Calculation from Skatteetaten will show the Tax Administration\'s calculation of ground rent tax from aquaculture operation, and will automatically, from the Tax Administration\'s calculations, post amounts in the posts in the **Tax Calculation** tab: - Calculated ground rent tax in aquaculture - Negative coordinated ground rent tax incl. interest addition to carry forward Coordinated ground rent tax comes from coordinated negative ground rent income multiplied by the tax rate. #### Participant report from participation in a company with participant taxation in aquaculture The Participant report is activated by going to the **Area Selector** under **Information and tax** and selecting the area **Participant in a partnership**. The area Participant in a partnership will automatically be activated if some partnership accounts are accounted for. When registering a participant in a partnership, one can tick off for **Participant in aquaculture activities,** and then register relevant items: - Share of positive resource rent revenue before coordination - Share of negative resource rent revenue before coordination - Share of production tax Note that these values are not automatically transferred to aquaculture operation, so data from participation in SDF within aquaculture must also be registered in the ground rent calculation for aquaculture.

Company with participant taxation within aquaculture, tasks for their own participants

The values for participants are found under the menu Information and tax - Participants and choose Participants in the left menu. For each participant, values that concern the aquaculture operation are found on the Wealth/Income tab. There is a separate section Participant in Aquaculture activities here with the values

  • Share of positive resource rent income before coordination
  • Share of negative resource rent income before coordination
  • Share of production tax
  • Share of positive resource rent income for companies with participant determination (SDF) before coordination, after base deduction

These values ​​are calculated. All values ​​can also be overridden on each of the participants.

 Aquaculture and ground rent /periodandyear/help/taxation/impersonal/information/basis-values/aquaculture/aquaculture-groundrent page Guide to records extracted from the Tax Administration help text. 2025-03-25T07:49:38+01:00 # Aquaculture and ground rent Guide to records extracted from the Tax Administration help text. ## Aquaculture activities and ground rent **The company’s share of maximum allowed biomass before base deduction** The company states its share of the total maximum allowed biomass for all companies that are included in the allocation of the base deduction. The share must correspond to the company’s own maximum allowed biomass. **The company’s share of base deduction** Positive resource rent income is reduced with a base deduction. The reduction happens after any coordination of resource rent income in groups. For the income year 2024, the base deduction is assessed to NOK 70 million. When calculating resource rent income, the base deduction must be adjusted downwards with the tax rate for general income, which amounts to NOK 54.6 million for the income year 2024. The base deduction can only be deducted from positive resource rent income. The base deduction can only be deducted once on group level. See an extended definition of groups in section 19-3 of the Taxation Act. The base deduction is allocated proportionally based on the maximum allowed biomass per company. An unused base deduction cannot be carried forward to later years. Nor can an unused base deduction in one company be transferred to or coordinated with another company in the group. **Negative resource rent tax upon discontinuation** The tax value of negative resource rent income upon discontinuation can be claimed as payment. Payments cannot be claimed in other circumstances where negative resource rent income arises. It is not a condition for payment that negative resource rent income is offset against positive resource rent income from other group companies. **Own production fee** The company can claim deductions in the resource rent tax for production fees on the production of fish, assessed according to the Excise Tax Act. The resource rent tax cannot be negative as the result of deducting a production fee. A production fee that has not been deducted cannot be deducted in a future income year. For taxpayers liable for resource rent tax, the production fee cannot be deducted from the ordinary income. An unused production fee can be transferred between companies in a group. The transfer right applies to private limited companies and equivalent companies and organisations that are comprised by the rules in chapter 19 of the Taxation Act. The conditions set out in section 10-4 of the Taxation Act to grant and receive group contributions must be fulfilled. An unused production fee in a company in a group is only deductible in the assessed resource rent tax of another company in the group. **Granted production fee to another company** If the company has granted a production fee to another company in the group, the amount is entered here. You must also provide information about the company that has received the production fee. **Received production fee from another company** If the company claims a deduction for a production fee in another company in the group, the amount is entered here. You must also provide information about the company that has transferred the production fee. **Granted resource rent income to another company** If the company has granted resource rent income to another company in the group, the amount is entered here. You must also provide information about the company that has received the resource rent income. **Received resource rent income from another company** If the company has received resource rent income from another company in the group, the amount is entered here. You must also provide information about the company that has granted the resource rent income. ### Income in gross resource rent income **The pen-side market value of sold fish multiplied by the slaughter volume - assessed by the company** Annual gross resource rent income must be set to the pen-side market value of sold salmon, trout and rainbow trout multiplied by the slaughter volume. The sales income is considered as gained when the fish passes the edge of the pen. If the fish is not sold at the edge of the pen, for example, because the fish is first sold to an external party after transport, slaughter, or preparation, the company must assess the pen-side market value for the 2024 income year itself. It must be adjusted for added value after the fish passes the edge of the pen so that the increase in value from activities after the sea phase is not included in the resource rent income. Increased sales value, for example, as a result of processing and further refinement, sales and marketing activities and transport, should not be included in the tax settlement price at the edge of the pen. When calculating the market value, all circumstances that may have affected the value at the edge of the pen must be taken into consideration. **The pen-side market value of sold fish multiplied by the slaughter volume - assessed by the Price Council** Annual gross resource rent income must be set to the pen-side market value of sold salmon, trout and rainbow trout multiplied by the slaughter volume. The sales income is considered as gained when the fish passes the edge of the pen. If the fish is not sold at the edge of the pen, for example, because the fish is first sold to an external party after transport, slaughter, or preparation, the company must assess the pen-side market value for the 2024 income year itself. It must be adjusted for added value after the fish passes the edge of the pen so that the increase in value from activities after the sea phase is not included in the resource rent income. Increased sales value, for example, as a result of processing and further refinement, sales and marketing activities and transport, should not be included in the tax settlement price at the edge of the pen. When calculating the market value, all circumstances that may have affected the value at the edge of the pen must be taken into consideration. **Harvest volume in kg (gutted fish)** The field refers to the number of kilograms of gutted fish. The company can use the conversion as referred to in the Regulations on Special Taxes § 3-24-2. **Income from the sale of live fish in the sea phase** By the sale of live fish in the sea phase, we mean sales where the fish is not taken out of the sea phase in the production process in connection with the sale. This can, among other things, be relevant for joint operation or co-localisation. For fish in the sea phase that is jointly owned by two or more parties, changes in the co-owner position against remuneration are considered as the sale of live fish for the party that has their co-owner share reduced. The gross income on the sale of live fish in the sea phase is assessed to the market value of the fish at the time of sale. **Gain on divestment of fixed assets** For the divestment of fixed assets that have been recognised directly as a deduction in the resource rent income, the input value must be set to NOK zero, so that the whole sales revenue will be taxed. The remuneration is to be included in the resource rent income for the year of divestment. It is not possible to defer the taxation, for example, by recognising the income on the profit and loss account. Upon the divestment of fixed assets that have not been recognised directly as an expense, the amount recognised as income must be included in the resource rent income in accordance with the ordinary rules on timing in chapter 14 of the Taxation Act. The calculation of the size of the gain is based on the remuneration upon divestment, less taxable value at the start of the year. Gain upon the divestment of aquaculture licences is not included in the resource rent income. In the case of divestment of depreciated fixed assets that are used partly in own activities subject to resource rent tax and partly in other activities, a share of the profit must be included in the resource rent income according to use. When calculating the share, this must be based on the use of the fixed asset in the previous income year. See separate calculation fields to be used for total divestment of aquaculture activities. **Gain on withdrawal of fixed asset** The same rules that apply to divestment also apply to the calculation of gain in connection with withdrawal of fixed assets. See the field for gain on divestment of fixed assets. **Other income** Here the company may enter any other income subject to resource rent tax that is not included in the above fields. The amount is explained in a separate text field. ### Deductions in gross resource rent income **Total operating costs** The company can claim deductions for incurred operating costs that regularly follow from the activities that are subject to resource rent tax in the sea phase. Examples of deductible operating cost are costs for - the purchase or production of hatchery produced fish for stocking - feed - keeping - prevention and treatment of lice, deceases, and similar - salary and other personnel expenses - energy - maintenance - insurance - administration - research and development - environmental measures - recapturing of escaped fish Deductions are not granted for costs for activities after the sea phase. **Share of remuneration on the purchase of licences, etc.** A deduction is given for 40 percent of the paid remuneration for purchases at the auctions in 2018 and 2020 and the fixed-price distribution in 2020. The deduction is distributed over the income years 2023 to 2027 with equal amounts. The amount is adjusted downwards with the tax rate for general income, which is 22 percent. This constitutes a deduction of 31.2 percent of paid remuneration (40 x (1-0.22) = 31.2 percent). The company must not adjust the amount in this field ("Share of remuneration on the purchase of licences, etc.") downwards by 22 percent. This is because the amount is included in the calculation of the calculated company tax pursuant to section 19-6, subsection 3, of the Taxation Act, and is therefore technically adjusted downwards with the tax rate for general income. **Remuneration for the purchase of live fish in the sea phase** Here you enter the cost price upon the purchase of live fish that were in the sea phase at the time of purchase. The purchase of live fish in the sea phase can, among other things, be relevant for joint operation or co-localisation. For fish in the sea phase that is jointly owned by two or more parties, changes in the co-owner position against remuneration are considered as the purchase of live fish for the party that has their co-owner share increased. The cost upon the purchase of live fish in the sea phase is assessed to the market value of the fish at the time of sale. **Property tax** The company can claim a deduction for property tax on floating fish farms at sea. This applies to physical installations such as, for example, - pens - floating modules - feeding machines - feeding storages - living space - sanitary facilities A partial deduction is given for facilities that are used partly for activities subject to resource rent tax. The distribution must be carried out in a way that is suitable for providing a correlation between the cost share and use for each activity. Property tax on other aquaculture facilities that are used for the food fish farming of salmon, trout and rainbow trout in the sea phase is deductible according to the degree the facility is linked to these activities. This applies to, for example, storage buildings onshore that are partly linked to the aquaculture activities that are subject to resource rent tax and partly linked to the taxpayer’s other activities. **Research tax** Research tax, assessed pursuant to the Act of 7 July 2000 no. 68 on tax for research and development in the fisheries and aquaculture industry, is deductible in the resource rent income. Market tax is not deductible in the resource rent income. **Investment cost (recognised directly as an expense)** The company can deduct the income year’s costs linked to floating fish farms at sea directly in the basis for resource rent tax, if the fixed asset is used exclusively in activities subject to resource rent tax. This includes physical installations such as pens floating modules feeding machines feeding storages living spaces sanitary facilities and similar anchor weights and similar for anchoring The direct deductibility also applies to other physical installations linked to the facility that are exclusively for use in the activities that are subject to resource rent tax. - This includes, for example, - facilities and installations that supply energy to the operation of the fish farming facility - working boats - systems for handling dead fish - water treatment systems - biomass measuring device - other electronic fixed assets that monitor the fish Information on fixed assets for use in activities subject to resource rent tax must also be given under the topic Fixed assets. See the special guidance for these fields under the topic Fixed assets. **This year’s depreciation of other fixed assets** This year’s depreciation of fixed assets that have not been recognised directly as a deduction can be deducted in the resource rent income pursuant to the ordinary rules of the Taxation Act when they are fully or partly used as input goods in the resource rent activities. This can apply to, for example, well boats that are used to deliver well boat services when the well boats are also used in the activities subject to resource rent tax. The same applies to facilities for hatchery produced fish for stocking and feeding production facilities, where the taxpayer produces hatchery produced fish for stocking or feed, both for own use and for sale. Information on fixed assets for use in activities subject to resource rent tax must also be given under the topic Fixed assets. See the special guidance for these fields under the topic Fixed assets. **Loss on divestment of fixed assets** Upon the divestment of fixed assets that are to be depreciated in the resource rent income, the rules on deduction upon assessment of ordinary income in chapter 14 of the Taxation Act applies. Upon the divestment of a fixed asset that have been recognised directly as a deduction in the resource rent income, the opening value is set to NOK zero. A loss upon the divestment of aquaculture licences is not deductible in the resource rent income. Upon the divestment of depreciable fixed assets that are used partly in activities subject to resource rent tax and partly in other activities, a share of the loss must be deducted in the resource rent income according to use. When calculating the share, this must be based on the use of the fixed asset in the previous income year. See separate calculation fields to be used for total divestment of aquaculture activities. **Loss on withdrawal of fixed assets** The same rules that apply to divestment apply to the calculation of loss in connection with withdrawal of fixed assets. See the field for loss on divestment of fixed assets. **Other deduction** Here the company may enter any other expenses that they claim a deduction for and that is not included in the above fields. The amount is explained in a separate text field. ### Taxes in resource rent **Calculated negative company tax to carry forward** If the calculated company tax is negative, it must be carried forward for deduction in calculated company tax for later income years. ### Non-depreciable operating assets, ground rent in aquaculture **Used in activities subject to resource rent tax** Here, the company must provide information about whether the relevant balance group includes fixed assets that are used in aquaculture activities subject to resource rent tax. **Investment cost directly recognised as a cost** Here you enter this year’s investment cost that has been recognised directly as a deduction in the resource rent income in NOK. **Tax value of purchases from related parties** Here the company provides information on continued tax value upon purchases from related parties in the current income year, stated in NOK. ### Straight-line depreciated operating assets, ground rent in aquaculture **Used in activities subject to resource rent tax** Here, the company must provide information about whether the relevant balance group includes fixed assets that are used in aquaculture activities subject to resource rent tax. **Investment cost directly recognised as a cost** Here you enter this year’s investment cost that has been recognised directly as a deduction in the resource rent income in NOK. **This year's depreciation in resource rent income on fixed assets that are depreciated ordinarily** Here you enter this year’s depreciation that is recognised directly as a deduction in the resource rent income in NOK. The amount entered here is the same amount that the company claims a deduction for in the resource rent income, which means the calculated deduction after any allocation between activities subject to resource rent tax and other activities. **Tax value of purchases from related parties** Here the company provides information on continued tax value upon purchases from related parties in the current income year, stated in NOK. ### Balance depreciated operating assets, ground rent in aquaculture **Used in activities subject to resource rent tax** Here, the company must provide information about whether the relevant balance group includes fixed assets that are used in aquaculture activities subject to resource rent tax. **Investment cost directly recognised as a cost** Here you enter this year’s investment cost that has been recognised directly as a deduction in the resource rent income in NOK. **This year's depreciation in resource rent income on fixed assets that are depreciated ordinarily** Here you enter this year’s depreciation that is recognised directly as a deduction in the resource rent income in NOK. The amount entered here is the same amount that the company claims a deduction for in the resource rent income, which means the calculated deduction after any allocation between activities subject to resource rent tax and other activities. **Tax value of purchases from related parties** Here the company provides information on continued tax value upon purchases from related parties in the current income year, stated in NOK. Additional information /periodandyear/help/taxation/impersonal/information/additional-info section 2024-09-12T19:33:52+02:00 # Additional information In the menu on the left under **Additional information**, you enter information and values that are theme or industry specific. All areas are not displayed in the left menu by default. There is an auto setting which makes some areas in **Additional information** visible dependent on account balance or previous values. Click on **Edit feature ares** to edit the auto settings or show a menu which is not displayed.

You can’t hide a feature area if it contains data. If an are is locked due to existing values in this area, you should delete data first.

 Property /periodandyear/help/taxation/impersonal/information/additional-info/property page 2024-09-12T19:33:52+02:00 # Property Click the **Add property** icon in the upper right corner of the page to create a new property by selecting a type of property. If you select **Norwegian real estate** you will see a dialog where you can search by address or cadastre to find you property. Click **Add**and the property is created in a separate tab. Fill in the fields that are displayed, the system only displays relevant fields based on selection in the registration. You can delete a property by clicking the **Delete property** button at the bottom of the page. The first tab shows an **Overview**of created properties. Calculated wealth tax values are transferred to **Information and tax - Wealth**. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Accommodation and public house /periodandyear/help/taxation/impersonal/information/additional-info/accomodation page 2024-09-12T19:33:52+02:00 # Accommodation and public house Accommodation and restaurants should be completed and submitted with the tax return for businesses. The information is used by the Norwegian tax authorities for statistics, analyzes etc. Click the **Add accommodation/restaurant** icon in the upper right corner of the page to create a new location. Relevant registration fields will be displayed and registered values are automatically transferred to the Business specification. The location is created in a separate tab. You can change the name/description for the accommodation/restaurant. You can delete a location by clicking the **Delete accommodation/restaurant** button at the bottom of the page. The first tab shows an overview of created locations. The total inventory and income and withdrawal are summed up for all accommodations/restaurant. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Financial products /periodandyear/help/taxation/impersonal/information/additional-info/financial-products page 2024-09-19T15:50:46+02:00 # Financial products Financial products should be submitted by limited companies with taxable gains, dividends and/or deductible losses on shares and other financial products. Financial products' includes shares, mutual funds, bonds, options and other derivatives, etc. Click on one of the tabs with financial products to add a new product. Registration fields will be displayed and registered values are automatically transferred to the tax return for submission. Financial products are created in separate tabs per type. To add/delete products click on the +/- icons at the end of each row in each tab. Fill in the fields that are displayed. See [Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information about financial products.

Basis for 3 % income / deduction is transferred to Information - Additional information - Exemption method - 3 % income.

Read more in Tax calculation.

 Exemption method /periodandyear/help/taxation/impersonal/information/additional-info/exemption-method page 2024-09-19T15:50:46+02:00 # Exemption method Some values from**Information - Additional information - Financial products** are transferred automatically and used as basis when calculating the basis for 3 % income below exemption method.

Calculation of 3% income of positive basis is transferred to permanent differences.

Read more in Tax calculation.

 Taxis and cargo transport /periodandyear/help/taxation/impersonal/information/additional-info/taxi-cargo-transport page 2024-09-12T19:33:52+02:00 # Taxis and cargo transport Taxi and cargo transport-should be completed and submitted with the new tax return for businesses. Start by adding a permission number and industry on the overview page. Then click the **Add vehicle** icon in the upper right corner of the page to create a new vehicle. Relevant registration fields will be displayed and registered values are automatically transferred to the Business specification. The vehicle is created in a separate tab and linked to a specific permission number. You can change the name/description for the vehicle.

The registration page for taxi and cargo transport is dynamic in relation to what is registered. Fields are only displayed if they are relevant in the situation, depending on industry.

You can delete a vehicle by clicking the **Delete vehicle** button at the bottom of the page. The first tab shows an overview of created vehicles. The total income from driving are summed up for all vehicles. See [Tax return for taxi and freight transport.](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/hjelp-til-skattemelding/drosje/) Holding of shares in other companies /periodandyear/help/taxation/impersonal/information/additional-info/holding-of-shares page 2024-09-12T19:33:52+02:00 # Holding of shares in other companies Click the **Add holding of shares** icon in the upper right corner of the page to create a new tab with holding of shares. The registration page for holding of shares is dynamic in relation to what is registered. Fields are only displayed if they are relevant in the situation, depending on registration in other fields. Holding of shares are created in separate tabs. You can delete a tab by clicking the **Delete holding of shares** button at the bottom of the page. The first tab shows an overview and reconciliation of created holding of shares grouped on account with a summation of all items. Calculated wealth value is transferred to **Wealth.** See the [Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/) for more information. Third party data /periodandyear/help/taxation/impersonal/information/additional-info/thirdparty-information page 2024-09-19T15:50:46+02:00 # Third party data Third party data is used for prefill in the tax return and should be submitted to the Tax administration. In **Information - Additional information** you will find pages for registration of, - Minding and care of children - Donations to certain voluntary organization etc. - Payments to self-employed persons Third party data for Condominium flat owner and Housing cooperative can be found in **[Housing](/periodandyear/help/housing).**

Import third party data from excel

Click on the Import tasks from excel –icon in the upper right corner to start the import wizard. The import requires the information to be in a specific format. A template can be downloaded from the dialog.

  1. Drop or browse for the excel file you want to import (*.xlsx or *.xls).
  2. Select Replace or add content.
  3. Click Next to load and validate data.
  4. Select the rows you would like to import and click Import.
  1. Click Close to return to the main page.

Address information will be used for distribution but is not sent to the Tax administration and therefore not mandatory. Click on Generate PDF to download information letter. Generated PDF files are downloaded according to the default download space in your browser settings.

Lists with registered data can be found in **Reports**. Read more about [Third party data](https://www.skatteetaten.no/bedrift-og-organisasjon/rapportering-og-bransjer/tredjepartsopplysninger/). Participant in a partnership /periodandyear/help/taxation/impersonal/information/additional-info/participant-in-a-partnership page 2024-09-12T19:33:52+02:00 # Participant in a partnership Click the **Add participant assignment** icon in the upper right corner of the page to create a new tab with participant in a partnership. Participant in a partnership are created in separate tabs. You can delete a tab by clicking the **Delete participant assignment** button at the bottom of the page. The first tab shows an overview of created participant assignments with a summation of all assignments. Calculated **Net positive wealth before valuation discount** or **Negative net wealth (debt)s** is transferred to **Wealth.** See the [Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Cooperative enterprises /periodandyear/help/taxation/impersonal/information/additional-info/cooperative-enterprise page 2025-02-18T16:31:35+01:00 # Cooperative enterprises In **Year-end closing - Tax Information - Information - Additional Information - Cooperative Enterprises**, cooperative enterprises can provide information about the proportion of taxable income derived from the company\'s transactions with its own members. The area consists of both manual fields and pre-calculated fields from the accounting. You must calculate some values yourself based on whether they relate to Sales to or Purchase from members, Repayment to members in the same cooperative enterprise, and Carried forward deduction limit from previous years. See [Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. ## Field Descriptions Dropdown menu containing the following enterprise types: 1. Consumer cooperative with a fixed point of sale, where more than half of the regular turnover is with the enterprise's members (sales/turnover to members). 2. Purchasing cooperative that distributes pre-determined goods among its members (sales/turnover to members). 3. Enterprise that exclusively or primarily purchases raw materials or fixed assets for use in agriculture, forestry, or fishing (sales/turnover to members). 4. Enterprise that exclusively or primarily deals in products from members' agricultural, forestry, or fishing operations (purchases from members). 5. Enterprise that exclusively or primarily processes products from members' agricultural or fishery operations (purchases from members). ### Area: Turnover * This is controlled by the selected cooperative enterprise type above. Sales to members in own cooperative enterprise (excluding VAT) / Purchases from members in own cooperative enterprise (excluding VAT) Here, net sales/turnover to / purchases from members in the cooperative enterprise are entered (automatically selected based on the chosen cooperative enterprise type above). * Sales to members in another cooperative enterprise (excluding VAT) / Purchases from members in another cooperative enterprise (excluding VAT) Here, net sales/turnover to / purchases from members in another cooperative enterprise are entered (automatically selected based on the chosen cooperative enterprise type above). * Other turnover (excluding VAT) Calculated residual amount (Total sales/turnover minus sales/purchase activity related to members). * Total turnover: Total sales/turnover/purchases retrieved from the trial balance (automatically calculated). ### Area: Taxable Business Income * Taxable business income for cooperative enterprises: This value is automatically retrieved from the tax calculation. * Share of turnover derived from members of the cooperative enterprise: Automatically calculated value. * Taxable business income from transactions with members of the cooperative enterprise: * Are the conditions for deduction of back payments met? Yes/No This selection indicates whether the cooperative enterprise meets the conditions outlined in Section 10-50 of the Tax Act and Section 4-27 of the Cooperative Societies Act. * Deduction limit from this year's business income with members of the cooperative enterprise: Automatically calculated value. * Allocated profit to the member capital account: Manually enter any amount of this year’s “Taxable business income from transactions with members of the cooperative enterprise” that is to be allocated to the member capital account. (Option for automatic system posting by selecting this.) * Available for distribution to members of the cooperative enterprise: Calculated from the two values provided above. ### Area: Bonus payments to members **From this year's profit**: Enter the amount to be back-paid to members of the cooperative enterprise from this year's available distribution. (Option for automatic system posting by selecting this.) **From the member capital account**: Enter the amount to be paid from previous allocations to the member capital account (under the conditions specified in Section 10-50, subsection 5 of the Tax Act, and Section 4-29, subsection 2 of the Cooperative Societies Act). > [!NOTE] > If the amount entered here exceeds the sum of "Available for payments to members of the cooperative enterprise" and "Carry-forward deduction limit from previous years", the excess will be recorded as "Addition for non-deductible back payment." > >The excess amount is added to taxable income. This value will appear under Tax Calculation / Other taxable income and will be included in the tax return. **From arrears fund**: Enter the amount you wish to pay from the arrears fund account. The payment does not result in a deduction from income. (Option for automatic system posting by checking this box.) ### Area: Limitation of deduction right for bonus-payments from the year's profit See previous note ### Area: Carryforward Deduction Limit Carry-forward deduction limit from previous years: Manual entry * (-) Applied deduction limit from previous years: Automatically calculated value * (+) Carry-forward deduction limit from this year's business income: Automatically calculated value * (-) Applied carried-forward deduction limit for bonus payments this year: Automatically calculated value: * (=) Carry-forward deduction limit to future years: Automatically calculated value Controlled transactions and balances /periodandyear/help/taxation/impersonal/information/additional-info/controlled-transactions-balances page 2025-01-13T17:52:25+01:00 # Controlled transactions and balances In **Year-end closing - Information and tax - Information - Additional information** ​​- you will find the work area for **Controlled transactions and balances.** The area is automatically available if the company stated 'YES' that the company has transactions or balances with related parties above the amount limits, in **Information - Various information - Transactions and balances.**. The area can also be opened manually by using the **Edit feature** areas selector.

Note that inside the work area you must tick “Yes” if you have transactions over the amount limit to bring up areas for registering data. The area does not require logging in to the tax authority for 2024, unlike for 2023.

The work area replaces the previous form RF-1123 Controlled transactions and accounts outstanding. When the work area is opened, you get to the overview screen where you enter general information in editable fields as well as "drop down" menus. Each individual transaction type or balance is selected from drop-down menus in the respective tabs and amounts are entered. The specification and overview are then transferred to the tax return. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Discharge of asset or liability from Norwegian territory /periodandyear/help/taxation/impersonal/information/additional-info/discharge-asset-liability page 2024-09-12T19:33:52+02:00 # Discharge of asset or liability from Norwegian territory In **Year-end closing - Information on tax - Information - Basic values**​ you will find the work area for **Discharge of asset or liability from Norwegian territory.** The area is selected manually by using the **Edit feature** areas selector. The work area replaces the previous form RF-1109 Removal from Norwegian tax jurisdiction. You manually register information about gains or losses for withdrawals and specifies relevant assets or liabilities from a list of various categories. Information from this work area will be filled in the business specification. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. Tax calculation /periodandyear/help/taxation/impersonal/tax-calculation section 2024-09-12T19:33:52+02:00 # Tax calculation In **Year-end closing - Information and tax - Tax calculation**, you calculate **Business Income**, **Taxable result** and **Accounting result after tax**. In the menu to the left calculations from **Accounting result before tax** to **Accounting result after tax** are shown. You can click on each line in the calculation and make adjustments. You approve the calculation lines by clicking on the status symbol in the column **Done**. When the status is set to **Done**, the symbol changes colour to green and you can no longer make changes in the view to the right. If you have approved a section in the calculation view and later there are changes in pre-populated values, the status symbol will change colour from green to orange. Go through and check the updated values and approve again. The grey fields are populated by values generated by the system on reference account level. You can change the reference account for a client account in **Maintenance - Client chart of accounts**. Grey fields are fields with system generated values. To display which accounts that are mapped to a field, click on the menu icon that appears when you hold the cursor over a field and select **Show accounts**. If there are mapped accounts with no balances, you can display these as well by marking the checkbox **Include mapped accounts without balances** at the top of the dialogue. You can override a system generated value by clicking on the menu icon. Select **Override amount**. Overridden fields changes colour from grey to yellow. In order to set back the value, click on the field and the menu-symbol once more and select **Reset amount**. White fields are for manual input of values. When a field in the program has a corresponding field in a tax form, the amount you enter will be transferred to this form. The tax forms are found in **Year-end closing - Tax forms**. The calculations starts with **Accounting result before tax** in the menu to the left. Click on each of the posts below to make adjustments according to tax regulations for **Additional business income**, **Deduction business income** and **Changes in temporary differences**. In the view to the right, you can then check and adjust the different values. Approve the values by clicking on the status symbol in the column Done. The adjustments affect the **Total business income**, which corresponds to field 0999 in tax form RF-1167, and is transferred as field 201/222 in tax form RF-1028. Under **Total business income** you can make adjustments according to tax regulations for **Other taxable income and deductions**, **Application of forward losses** and **Other adjustments**. Click on each of these lines to check and adjust the different values in the view to the right. Approve the values by clicking on the status symbol in column **Done**. The adjustments affect the **Total taxable result**, which corresponds to post 260 in tax form RF-1028. The **Accounting result after tax** is calculated by subtracting the tax expense from **Accounting result before tax**. Click on the line **Tax expense** to check the calculation. Approve the calculation by clicking on the status symbol in the column **Done**. Go to **Allocation of result** to allocate the **Accounting result after tax**. Approve the allocation by clicking on the status symbol in the column **Done**. You can create closing entries manually by clicking on the scale symbol in the upper right or by navigating to **Year-end closing - Closing entries**. Select **Create**to manually create a closing entry. In **Closing entries**, you can see that the system has generated closing entries relating to changes in temporary differences, changes to equity and payable tax. These closing entries are updated when changes are made, unless the period has been locked. You can lock and unlock periods on the **Start page**. To be able to edit **Year-end closing - Information and tax**, the last ordinary period must be locked. For example, if the financial year is 01.01 - 31.12, the period December must be locked to enable editing in **Year-end closing**. ## Checklist The checklist, which is located in the side panel, is accessed by clicking on the icon in the upper right and helps you to document the work you have done. In the side panel, the task list for your selection in the left hand panel is shown. To add a comment to a task, click on the row or on the comment icon in the **Actions** column and enter your comment. To mark a task as done, click on the check mark in the **Actions** column. Click on the check mark again to undo this action. A task can be marked as **N/A**, which means that it is not applicable. You can modify the checklist to show only the tasks you want. Click on **Edit checklist** in the bottom of the side panel to do this. In this view, you can choose which tasks are active. You can add your own tasks to the checklist. This is also done in the **Edit checklist** view. The tasks you add yourself can be activated and deactivated in the same way as the standard tasks, and can also be deleted. The tasks that you have added yourself have a blue icon in the task list so that they can be easily identified. The checklist is available for print in **Year-end closing - Reports**. Choose which parts you want to include in your report in the left hand panel and select **Generate report - Download PDF**. Additional business income /periodandyear/help/taxation/impersonal/tax-calculation/additional-business-income page 2025-03-21T16:03:40+01:00 # Additional business income Here you can specify costs from the income statement that are to be reversed and other items. Costs in the income statement relating to shares, units and other securities are reversed to specified fields, whereas taxable amounts for these items - where applicable - are re-entered in separate fields.

The individual available fields vary by company type. Only the fields that have numbers will be displayed. Data is transferred from other menus where data has been registered.

Click **Show all** to see all fields, including fields with a 0 value. ## Field explanations The following items are filled in on the basis of balances on relevant accounts: Non-deductible costs (representation, dues, gifts, other) : . Positive tax expense (Only relevant for impersonal companies) : . Interest expense on determined tax (not relevant for companies with participant determination) : . Accounting write-down of shares and other financial instruments this year : . Accounting loss on realization of shares and other financial instruments : . Accounting deficit on share in Norwegian companies with participant determination : . Accounting deficit on shares in foreign companies with participant determination : . Accounting loss upon realization of share in Norwegian companies with participant determination : . Accounting loss upon realization of shares in foreign companies with participant determination : . Loss share from investment in subsidiaries, associated companies and joint ventures (not relevant for sole proprietorships) : . Reversal of impairment of financial instruments measured at fair value : . Interest expenses recorded in the income statement for ENK (only relevant for sole proprietorships) : . The following items are filled in on the basis of registrations of shares in joint ventures with participant determination (not relevant for sole proprietorships, where such income is entered directly in the tax return): Share of taxable profit in Norwegian companies with participant determination : . Share of taxable profit in foreign companies with participant determination : . Taxable gain on realization of shares in Norwegian companies with participant determination : . Taxable gain on realization of shares in foreign companies with participant determination : . The following items are filled in on the basis of registrations under financial instruments and/or 3% income recognition (not relevant for sole proprietorships, where such income is entered directly in the tax return): Taxable gain on the sale of shares and other financial instruments : Taxable dividends on shares, etc. including surcharges pursuant to Section 16-30 (5) of the Tax Act : This field should be used if taxable gain from withdrawal from Norwegian tax jurisdiction has been made. The amount is retrieved from RF-1109. Business assessed as partnerships shall only fill in this field if it is marked in field 150 in RF-1109. This value is automatically transferred to RF-1167, field 0675. 3 percent of net tax-free income according to the exemption method and 3 percent of distributions from companies with participant determination : . The following records require manual registration: Reimbursed debt interest pursuant to Tax Act §§ 2-39 (2) and 6-91 : . Taxable gain on withdrawals from Norwegian tax territory : . Income supplement for conversion difference from accounting currency to Norwegian kroner : . Supplement for interest costs for which deductions are not required (not relevant for sole proprietorships) : . • Correction for proposed dividend from subsidiary/associate using the equity method (not relevant for sole proprietorships) : . • Other income supplements : . • Correction for proposed dividend from subsidiary/associate using the equity method (not relevant for sole proprietorships) : . The following items are only relevant for sole proprietorships, and are calculated automatically for these: Income supplement for private use of a company car : . The calculated entries can be overridden. **Total additional business income** is transferred to the calculation on left. Approve the values by clicking on the status symbol in the column **Done**. The values are automatically transferred to the business specification. Deduction business income /periodandyear/help/taxation/impersonal/tax-calculation/deduction-business-income page 2025-03-25T07:49:38+01:00 # Deduction business income Here you can specify income from the income statement that are to be reversed and other items. Recorded income from shares, units and other securities are reversed to specified fields, whereas taxable amounts for these items - where applicable - are re-entered in separate fields.

The individual available fields vary by company type. Only the fields that have numbers will be displayed. Data is transferred from other menus where data has been registered.

Click **Show all** to see all fields, including fields with a 0 value. ## Field explanations The following items are filled in on the basis of balances on relevant accounts: Reversal of dividends recognized as income : . Group contribution recognized in profit or loss : . Negative tax expense : . Interest income on refunded tax : . Share of profit from investment in subsidiaries, associates and joint ventures : . Accounting gain on the sale of shares and other financial instruments : . Regnskapsmessig gevinst ved realisasjon av aksjer og andre finansielle instrumenter : . Accounting gain on the sale of shares and other financial instruments : . Accounting loss upon realization of shares in foreign companies with participant determination : . Accounting gain on realization of share in Norwegian company with participant determination : . Accounting gain on realization of share in Norwegian company with participant determination : . Issuance and establishment costs (individual taxpayers only) : . Return on life insurance recognized in the income statement (sole proprietorships only)ersonforetak) : . Interest income recorded in the income statement for ENK (sole proprietorships only) : . Own sick pay recognized as income in the income statement (sole proprietorships only) : . The following items are filled in on the basis of registrations of shares in joint ventures with participant determination (not relevant for sole proprietorships, where such income is entered directly in the tax return): Share of deductible losses in Norwegian companies with participant determination : . Share of deductible losses in foreign companies with participant determination : . Deductible loss upon realization of shares in Norwegian companies with participant determination : . Deductible loss upon realization of shares in foreign companies with participant determination : . The following items are filled in on the basis of registrations under financial instruments and/or 3% income recognition (not relevant for sole proprietorships, where such income is entered directly in the tax return): Deductible loss on sale of shares and other financial instruments : . The following records require manual registration: Deductible loss on withdrawals from Norwegian tax territory : . Income deduction for translation difference from accounting currency to Norwegian kroner : . Other income deductions : . The following records are filled in on the basis of registrations in relevant functions: Tax recovery of R&D deductions : . The calculated entries can be overridden. **Total deduction business income** is transferred to the calculation on the left hand side. Approve the values by clicking on the status symbol in the column **Done**. Changes in temporary differences /periodandyear/help/taxation/impersonal/tax-calculation/changes-in-temporary-differences page 2025-03-21T16:03:40+01:00 # Changes in temporary differences Go to **Tax calculation - Changes in temporary differences** to calculate all temporary differences, change in deferred tax and deferred tax / tax assets in the balance sheet.

Do the following steps:

  1. First, you calculate all temporary differences between accounting and taxable values ​​01.01 and 31.12.
  2. Furthermore, you deduct any temporary differences that should not be included in the calculation basis for deferred tax / tax assets (for example, goodwill arising from merger / demerger).
  3. Consider offsetting tax-increasing and tax-reducing temporary differences and whether there are temporary differences that should not be offset.
  4. Calculate net deferred tax / tax assets in the balance sheet.
  5. Assess if deferred tax assets should be recognized in the balance sheet.
  6. Changes in temporary differences affecting tax payable is transferred to the calculation of total business income on the left hand side.
Under the tab **Differences**, the system has calculated **Tax-increasing** and **Tax-reducing** temporary differences based on values ​​in the **Accounting** and **Taxable columns**. Select **Show All** to show all lines. The system generates taxable value equal to the accounting value for fields that may have a taxable value. You can override fields by hovering over the value in the field and clicking on the symbol that appears. Select **Override**. Some lines require manual input and this is indicated by the lines being blue and clickable. When you click on a blue line, it opens its own view that shows tax calculation of this particular item, with white fields for entering values. For further information, see Field explanations. Select the blue arrow next to a line to see which client accounts in the income statement which are linked to each line as well as the specified taxable value on the relevant lines. **Total temporary differences affecting tax payable** summarizes the lines on the tab **Differences, tax payable** and is displayed in **Changes in temporary differences** in the left menu. This corresponds to the previous fields in RF-1217, up until field 100. Click on **Show all** to see rows without amount. **Differences, deferred tax** summarizes the lines from the tab **Differences, deferred tax** This corresponds to field the previous fields 111 to field 165 in RF-1217. Click on **Show all** to see rows without amount **Total temporary differences** from the two tabs **Differences, tax payable** and **Differences, deferred tax** is transferred and summarized on the tab **Deferred tax/tax assets** . In this tab, offsetting of temporary differences is made. **Basis for calculation of deferred tax** is shown, as well as **Deferred tax 01.01** and **Deferred tax assets 31.12**. The deferred tax / tax assets is calculated by multiplying the sum of the differences that are included in the calculation basis with the applicable tax rate. Full balancing of tax-increasing and tax-deductible temporary differences is most common. There are some limited exceptions. If the tax-deductible temporary differences are reversed at a later date than the tax-increasing differences, it must be assessed whether the tax-deductible differences must be excluded from the basis of calculation. In particular, you should consider whether offsetting can be done when there are tax-deductible temporary differences related to construction, long-term receivables, and if you have a adjustment limitation of interest deductibility between related. **Deductible differences that shall not be offset** are a manual input field in the tab **Deferred tax/tax assets**. The option whether or not to recognize the deferred tax assets in the balance sheet per 31.12, is made in the tab **Deferred tax/tax assets**. The recognition of deferred tax assets can only be done if it is probable that the tax assets can be utilized by the company. Small companies can choose not to recognize deferred tax assets. If **Not balanced** is selected under **Deferred tax/tax assets 31.12**, then the value in**Basis for calculation of deferred tax** is transferred to the line **Deductible differences that can not be offset**. In the tab **Overview temporary differences**, a summary of temporary differences is displayed as of 01.01 and 31.12, and the changes. **Calculated deferred tax/tax assets** is also shown. This overview is shown as part of the note **Tax**under **Year-end closing - Annual report**. **Total temporary differences affecting tax payable** are calculated 01.01 and 31.12, and appear as subsum amounts under the tab **Differences**. **Change in temporary differences that affect tax payable** is calculated by the system and transferred to **Changes in temporary differences** in the calculation view on the left hand side. This value corresponds to field 100 in RF-1217. The closing entry **Changes in deferred tax / deferred tax assets** is updated automatically. ## Field explanations Fixed assets (tangible and intangible) : Click on the line **Fixed and Intangible assets** to update tax values. You will then be navigated to **Information - Tax-related depreciations**. :

Please note that the tax value on 31.12. for operating assets must be specified in the form of tax objects in the function for tax depreciation, such an overriding of the field will give an error message when validating the business specification under Controls.

Long term receivables and liabilities in foreign currency : The accounting value of long-term receivables and liabilities in foreign currency is the exchange rate on balance date. The taxable value is generally the same as the accounting value. Companies with long-term receivables or liabilities in foreign currency must keep a revaluation account, and temporary differences may arise between the accounting and the tax values associated therewith. Projects in progress : Small companies that recognize long-term production contracts as income when the contract is completed, should record the capitalized cost of production as the accounting value. Companies using current settlement shall record accrued contract revenue as the accounting value. Taxable income from work contracts under progress shall not be recognized before the work is completed. Until they are completed, production contracts should be valued according to the rules for making after order, see § 14-5 (2) a and b of the tax law. Inventories / Biological assets (IFRS) : Click on the blue link Inventory/biological assets to calculate the tax value of goods. Receivables and debt according to the receivable model : . Accounts receivable : You can calculate the tax value by clicking on the **Account receivables** line. You will then be navigated to **Information - Account receivables**. Other receivables (including long-term) : The accounting value of other short- or long-term receivables is the value after depreciation of unrealized losses. The tax value will be the denominated value. Accounting value of leasing object in the balance sheet : If a lease agreement is considered to be financial in accordance with the accounting rules (recorded), but taxable as a lease (operating lease), temporary differences arise on the asset side and on the debt side. Accounting value of leasing debt in the balance sheet : If a lease agreement is considered to be financial in accordance with the accounting rules (recognized in the balance sheet), but taxable as a lease (operating lease), temporary differences arise on the asset side and on the debt side. Balance on profit and loss account : You can update your profit and loss account balance by clicking on the line **Profit and loss account**. You will then be navigated to **Information - Profit-/loss account**. Conditional tax-free gains : . Unearned income : Accounting provisions must be reversed in its entirety as it is not possible to make a corresponding taxable provision. Accounting provisions for liabilities : Accounting provisions must be reversed in its entirety as it is not possible to make a corresponding taxable offset. This value is automatically transferred to RF-1217, field 54. Accounting provisions for losses on contracts : Accounting provisions must be reversed in its entirety as it is not possible to make a corresponding taxable offset. This value is automatically transferred to RF-1217, field 70. Net pension liabilities entered in the balance sheet : . Net pension assets : . Taxable provisions for pension premium etc. : . Obligations taken upon acquisition of business : . Other differences : Specify all other temporary differences between accounting and tax values ​​/ results that are not handled in other fields.. Shares and other financial institutions, not covered by the exemption method. : In this field, shares and other financial instruments, which are not covered by the exemption method, are specified. Income allocated dividend from subsidiaries and associated companies : . Shares in businesses assessed as partnerships, not covered by the exemption method. : In this field, shares in businesses assessed as partnerships, that are not covered by the exemption method, are specified. Accounting differences on participations in businesses assessed as partnerships : . Accumulated taxable carry-forward loss : The value is obtained from the values ​​recorded under the left-hand menu item Applied deficit carry forward. Recalculated unused credit deduction to carry-forward : .Here, the value must be carried forward credit deduction divided by tax rate (grossed basis for credit deduction Taxable carryable unused correctional income : In this field, the cut-off interest deduction is entered for carry-forward Reduced interest deduction to carry-forward : In this field, the cut-off interest deduction is entered for carry-forward. Other differences that affects deferred tax : Differences that cannot be entered elsewhere and which only affect deferred tax are entered in this field. Other taxable income and deductions /periodandyear/help/taxation/impersonal/tax-calculation/other-taxable-income-and-deductions page 2024-09-12T19:33:52+02:00 # Other taxable income and deductions Here you specify other income and deductions that should affect **Total taxable result** in **Calculations - Other tax income and deductions**. **Other taxable income and deductions** are transferred to the calculation on the left hand side. Approve the values by clicking on the status symbol in the column **Done**. Application of forward losses /periodandyear/help/taxation/impersonal/tax-calculation/application-of-forward-losses page 2024-09-12T19:33:52+02:00 # Application of forward losses Go to **Tax calculation - Application of forward losses** to update the overview of applied losses carried forward. The values ​​entered and calculated in this view are transferred to RF-1028 fields 280 to 290 and, possibly, field 232. **Rest losses carried forward from previous years** are specified and deducted from this year's result. If the company has losses during the year, these are added to **Rest losses carried forward from previous years** and is included in **Total losses carried forward next year**. ## Field explanations Performed unused losses after the tax assessment last year : This amount is retrieved from field 290 in last year\'s RF-1028. Achieved private arrangement and debt relief this year : In this field, debt relief for the current year is specified. Share of the private arrangement and debt forgiveness offset against tax losses previous years : In this field, the share of the debt relief which is to be offset against tax losses from previous years is specified. **Application of forward losses** is transferred to the calculation on the left hand side. Approve the values ​​by clicking on the status symbol in the column **Done**. Other adjustments /periodandyear/help/taxation/impersonal/tax-calculation/other-adjustments page 2024-09-12T19:33:52+02:00 # Other adjustments Go to **Tax calculation - Other adjustments** to make other adjustments that affect the total taxable result. **Total other adjustments** is transferred to the calculation on the left hand side. Approve the values ​​by clicking on the status symbol in the column **Done**. Tax expense /periodandyear/help/taxation/impersonal/tax-calculation/tax-expense page 2024-09-12T19:33:52+02:00 # Tax expense In **Tax calculation -Tax expense**, you see the calculation of **This year's tax base**, **Tax expense income statement** and **Tax payable balance sheet**. Tax calculation starts with **Ordinary profit before tax expense**. In order to arrive at **This year's tax base**, the result is adjusted for intra-group contributions, permanent differences, this year's changes in temporary differences and loss carryforward. **Payable income taxes** is calculated by multiplying the **This year's tax base** with the year\'s tax rate. **Tax expense income statement** is distributed on **Payable income taxes** and **Changes in deferred tax**. In addition, **Insufficient / too much tax provision in previous years** and **Tax intra-group contribution** are also taken into account. **Insufficient / too much deferred tax in previous years** is automatically processed by the system as a correctional item to the tax payable this year. This is done in the closing entry for payable tax. A debit balance on the account Tax payable, not determined, before calculating the estimated taxes for the year, will automatically be recorded as an expense. A credit balance is automatically deducted from the estimated taxes for the year. **Tax payable balance sheet** consists of tax payable on the year's result, deduction of subsidies hoards and tax effect of group contributions. Paid taxable intra-group contribution is recorded directly in the balance sheet and reduces payable tax for the donor (as allocation of the result when intra-group contribution is paid to a parent or affiliated company, and when it is recorded as increased acquisition cost of shares for intra-group contributions paid from parent company to subsidiary). When an item affects payable tax directly in the balance sheet, tax payable balance sheet shows a different amount than payable tax, tax expense. The closing entry **Payable tax** is automatically updated. Values for previous year ​​are entered manually. **Tax expense** is transferred to the calculation on the left hand side. Approve the tax calculation by clicking on the status symbol in the column **Done**. Allocation of result /periodandyear/help/taxation/impersonal/tax-calculation/allocation-of-result-display page 2024-09-19T15:50:46+02:00 # Allocation of result In **Tax calculation - Allocation of result** the allocated accounting result after tax is displayed. Open the menu **Allocations** to make changes. Either by clicking on **Allocated result** in the left menu to be redirected or directly in the **Allocations** top menu. Read more in [Allocation of result](/periodandyear/help/taxation/impersonal/allocations/allocation-of-result). Allocations /periodandyear/help/taxation/impersonal/allocations section 2024-09-12T19:33:52+02:00 # Allocations In **Year-end closing - Information and tax - Allocations**, you will find what you need to be able to dispose this year\'s accounting result. The functions for allocations are based on the main regulations in accounting and share legislation. Dividend /periodandyear/help/taxation/impersonal/allocations/dividend-no section 2024-09-12T19:33:52+02:00 # Dividend A limited company can distribute the values ​​they earn in various ways. A common way to do this is by distributing dividends to shareholders. When a limited company does this, a distinction is made between three different forms of dividends. Read more about the different types of dividends below. Ordinary dividend /periodandyear/help/taxation/impersonal/allocations/dividend-no/ordinary-dividend-no page 2024-09-12T19:33:52+02:00 # Ordinary dividend The calculation of the maximum dividend is a calculation that is made before the board\'s decision. The Companies Act sets limits on what can be distributed as dividends and group contributions, cf. sections 8-1 and 8-5. Under **Allocations**and the tab **Ordinary**, section **Deductions/adjustments**, you can enter any amount that will be deducted/adjusted in the calculation model. All fields except **Other disp. after the balance sheet date within the maximum dividend** shall be entered with a positive amount. The signs in front of the text on the line indicate the consequence for the total **Deductions/adjustments**. In the field **Custom allocation**, the actual amount to be allocated as a dividend, is entered. If it is appropriate to allocate the maximum dividend, the option **Maximum dividend** is selected, and the system calculates this amount based on the assumptions that may exist on the above fields under **Deductions/adjustments**. If there is no allocation for ordinary dividend, the option **No allocation** is selected. The model shows a maximum dividend basis, but it must be specified that the company can only distribute dividends as far as after the distribution it has a sound equity and liquidity, cf. section 8-1, 4th ledd and 3-4 of the Companies Act.

Regardless of what you submit as a distributed dividend, it is important that you have clarified this with the company's board.

## \- Own shares at face value : According to the wording of Section 8-1, second paragraph of the Companies Act, deductions shall be made for the nominal value of own shares acquired before the balance sheet date. \- Credit and pledge of assets to shareholders : There shall be deductions for credit and pledge of assets to shareholders. \+ Credit and pledge of assets settled before decision date : No deductions shall be made for credit and pledge of assets that has been repaid or settled before the decision date. An amount in this field will therefore reduce the amount registered in the field for **Credit and pledge of assets to shareholders**. \+ Credit to shareholders which is netting if dividends : There shall be no deductions for credit and pledge of assets that will be settled upon settlement in the dividend. An amount in this field will therefore reduce the amount registered in the field for **Credit and pledge of assets to shareholders**. +/- Other disp. after the balance sheet date within the maximum dividend : A deduction shall be made for other disposals after the balance sheet date which, according to the law, must be within the limits of the funds that the company may use for the distribution of dividends. Examples of this may be capital changes that have taken place after the balance sheet date. Section 8-1 of the Companies Act, 1st paragraph, last sentence states that \"it is the registered share capital at the time of decision to be taken into account\". : This means that a capital increase after the balance sheet date registered at the decision date will reduce the dividend basis and consequently increase the total deductions / adjustments. In such a situation, the amount corresponding to the capital increase for the share capital is added as a positive amount. : In the opposite, a capital reduction after the balance sheet date, which is registered at the time of decision, will increase the dividend basis. This capital reduction is then registered on the line with a negative amount. Additional/extraordinary dividend /periodandyear/help/taxation/impersonal/allocations/dividend-no/additional-dividend-no page 2024-09-19T15:50:46+02:00 # Additional/extraordinary dividend ## Additional dividend Additional dividends use the following two accounts: - 8922 Additional dividend - 2801 Provisioned additional dividend Account **8922 Supplementary dividend** shall contain all additional dividends in the financial year based on the previous year\'s annual accounts. Account **2801 Provisioned additional dividend** shall contain the part of additional dividend that has not been paid at the end of the year. There are several different ways to register additional dividends: 1. Entries directly in the financial system 2. Registration of data in the menu for additional dividends and extraordinary dividends When registering data in the registration picture for additional dividends and extraordinary dividends, it is only possible to increase the amount from what has been accounted for. If it is desirable to reduce the amount if there is an excessive amount on account **8922 Additional dividend**, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit **2050 Other equity** and credit **8922 Additional dividend**. ### Paid before the balance sheet date The column already posted shows the amount on the disposition account **8922 Additional dividend** less what has not been paid, additional dividend due on account **2801 Provisioned additional dividend**. If the additional dividend paid has been entered directly against equity, you can register amounts in **Desired amount column (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8922 Additional dividend** credit **2050 Other equity**. ### Provisioned on or after the balance sheet date The column already posted shows the amount of allocated additional dividend on account **2801 Provisioned additional dividend**. If an additional dividend has been approved that has not been paid on the balance sheet date, this can be registered in **Desired amount (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8922 Additional dividend** credit **2801 Provisioned additional dividend**.

When registering data in the registration screen for additional dividends and extraordinary dividends, it is only possible to increase the amount from what has been accounted for.

If it is desirable to reduce the amount if there is an excessive amount on account **8922 Additional dividend**, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit**2801 Provisioned additional dividend** and credit **8922 Additional dividend**. ### The column Hereof after the balance sheet date If part or all of the amount under Provisions on or after the balance sheet date applies to additional dividends decided after the balance sheet date, the amount is registered in the column to the right. This amount shall not exceed the amount set aside on or after the balance sheet date. ## Extraordinary dividend Extraordinary dividend uses the following two accounts: - 8923 Extraordinary dividend - 2802 Provisioned extraordinary dividend Account **8923 Extraordinary dividend** shall contain all extraordinary dividend in the financial year based on the previous year\'s annual accounts. Account **2802 Provisioned extraordinary dividend** shall contain the part of extraordinary dividend that has not been paid at the end of the year. There are several different ways to register extraordinary dividends: 1. Entries directly in the financial system 2. Registration of data in the menu for additional dividends and extraordinary dividends When registering data in the registration screen for additional dividends and extraordinary dividends, it is only possible to increase the amount from what has been accounted for. If it is desirable to reduce the amount if there is an excessive amount on account **8923 Extraordinary dividend**, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit **2050 Other equity** and credit **8923 Extraordinary dividend**. ### Paid before the balance sheet date The column already posted shows the amount on disposition account **8923 Extraordinary dividend** less what has not been paid, extraordinary dividend due on account **2802 Provisioned extraordinary dividend**. If the paid extraordinary dividend has been entered directly against equity, you can register the amount in **Desired amount (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8923 Extraordinary dividend** credit **2050 Other equity**. ### Provisioned on or after the balance sheet date The column already posted shows the amount of allocated extraordinary dividend on account **2801 Provisioned extraordinary dividend**. If an extraordinary dividend has been approved that has not been paid on the balance sheet date, this can be registered in **Amount desired (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8923 Extraordinary dividend** credit **2802 Provisioned extraordinary dividend**.

When registering data in the registration screen for additional dividends or extraordinary dividends, it is only possible to increase the amount from what has been accounted for.

If it is desirable to reduce the amount if there is an excessive amount on account 8922 Extraordinary dividend, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit **2802 Provisioned extraordinary dividend** and credit **8923 Extraordinary dividend**. Group contribution /periodandyear/help/taxation/impersonal/allocations/group-contribution-no page 2024-09-12T19:33:52+02:00 # Group contribution Group contribution should be completed and submitted with the new tax return for businesses. for companies that receive and give group contributions. Follow the steps below to create group contributions. 1. Click the **New group contribution** icon in the upper right corner of the page to create a new group contribution. 2. Select type of group contribution: **Received group contribution** or **Give group contribution**. An entry is created in a separate tab. 3. Fill in the relevant fields under **Company Information**, and enter the **Affiliation** and **Treatment rule** for the group contribution. Register the specific group contribution in fields with or without tax effect.

On basis of the chosen affiliation and treatment rule, will Period & Year create an automatic system voucher for the group contribution.

You can delete a group contribution by clicking the **Delete group contribution** bottom of each tab. The first tab shows an **Overview**of created group contributions, grouped by whether the group contribution has been received or given. See the previous guidelines to [RF-1206 Group contribution](https://www.skatteetaten.no/globalassets/skjema/2021/rf-1206b.pdf) or [Items, fields and subjects in new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/) for more information. Postings /periodandyear/help/taxation/impersonal/allocations/postings-no page 2024-09-12T19:33:52+02:00 # Postings In the menu **Postings**, you can decide how you want to allocate the company\'s result. The values are automatically recorded and displayed in the menu **Allocated result**. When allocating the result, it is basically covered from other equity up to NOK 0. The remaining part is carried as a loss to uncovered losses. There is no automation in clearing the balance for share premium and other paid-in capital, but in this picture under **Deficits**, you can check for **Other paid-in capital** and/or **Share premium**. The relevant amount will then be offset against any uncovered loss. The closing entry, **Change in equity** is updated automatically. Allocation of result /periodandyear/help/taxation/impersonal/allocations/allocation-of-result page 2024-09-19T15:50:46+02:00 # Allocation of result Under **Allocation of result**, all allocation lines are displayed with the option to adjust values if you want a different presentation than what the system automatically suggests. When doing an adjustment, the system will automatically make a system voucher on the relevant 89XX accounts for the allocation lines where the adjustment is made. The **Adjustment** column must always go to zero. The result of the allocation of results are displayed under **Tax calculation** - [**Allocation of result**](/periodandyear/help/taxation/impersonal/tax-calculation/allocation-of-result-display). Financial statement /periodandyear/help/taxation/impersonal/financial-statement page 2024-09-12T19:33:52+02:00 # Financial statement **Financial statement** contains an overview of page 2 and 3 of the Income statement. When you click on a category in the **financial statement**or **balance**on the left side, a specification of the company\'s values based on reference account mappings are displayed on the right side. These fields can be overridden. To see all accounts, select **Show all**. The following categories are listed: #### Income statement - Sales income - Other operational income - Cost of goods sold - Personnel expenses - Other operating expenses - Total capital income - Total capital expenses - Taxes #### Balance - Fixed assets - Current assets - Long term debt - Short term debt - Equity Wealth /periodandyear/help/taxation/impersonal/wealth page 2024-09-12T19:33:52+02:00 # Wealth When you click on **Wealth**, the specification of the company\'s wealth is displayed. The values are retrieved from different areas in the system. This view displays a specification of the company\'s taxable wealth and deductible debt for transfer to the Tax Message. The specification contains balance items with accounting value. Each balance item in the specification detail row has a calculation type which for example shows the source of the value or if the value should be registered directly into the Tax message. This view displays a specification of the company\'s Taxable wealth and deductible debt for transfer to Tax Message. Checks /periodandyear/help/taxation/impersonal/checks section 2024-09-12T19:33:52+02:00 # Checks This is were reconciliations of fixed assets, equity and wealth are shown. Reconciliation of fixed assets, equity and wealth is intended as a tool for the user to clarify any differences. The listings in the reconciliation models are not exhaustive. The user can therefore add information in a manual field if needed, both in reconciliation fixed assets, equity and reconciliation wealth. If an error situation occur this will be visualized with an informative icon on the **Checks** menu and on the left side for each section with deviation. Altinn checks and Reconciliation runs continuously while you work in **Year-end closing**. The following icons can be displayed: ![](./img/16_Information.png) - used to inform you, for example if you are currently not logged in to Altinn/Tax Administration. ![](./img/16_Warning.png) - Indicates differences in the reconciliations. ![](./img/16_Error.png) - Indicates invalid Altinn checks that needs to be fixed before you are able to submit as complete shipment. Read more about: Complete shipment. Business information /periodandyear/help/taxation/impersonal/checks/business-specification page 2024-09-12T19:33:52+02:00 # Business information When you click on **Business Information** on the left, any calculation deviations from the validation service to The Norwegian Tax Administration are displayed. Tax return /periodandyear/help/taxation/impersonal/checks/tax-return page 2024-09-12T19:33:52+02:00 # Tax return When you click on **Tax return** on the left side, a login button or received validation messages from Altinn will be displayed. Internal control /periodandyear/help/taxation/impersonal/checks/internal-control page 2024-09-12T19:33:52+02:00 # Internal control These are checks carried out by Period & Year. If you receive an error result during internal control, this will indicate that you will not be able to send information to The Norwegian Tax Administration for control. This must be corrected in order to have data checked against the The Norwegian Tax Administration. Reconciliation of equity /periodandyear/help/taxation/impersonal/checks/reconciliation-equity page 2024-09-12T19:33:52+02:00 # Reconciliation of equity When you click on**Reconciliation equity** on the left side, a reconciliation model of the company\'s equity is displayed on the right side. The model lists a**Calculated equity 31.12 according to specification**. It specifies the change in equity between 1.1 and 31.12. Calculated Total Equity 31.12 is reconciled with Total Equity (item 9450) in RF-1167. Under **Specification**, the model lists the following entries that are automatically transferred to RF-1052, Reconciliation of Equity. - 'Equity 31.12 last year' is taken from **Information and tax - Financial statement & balance sheet**. The field can be overridden. - 'Changes and corrections' is filled in the table. - 'Equity 01.01' is calculated on the basis of equity 31.12 and possibly changes and corrections. The field can be overridden. - 'Year-end result' is taken from **Information and tax - Financial statement & balance sheet**. The field can be overridden. - 'Provisioned dividend for 2020 for companies that use Norwegian accounting legislation, or expected dividend stated in notes in the annual reports for 2019 that were distributed in 2020 for IFRS companies' is taken from the balance of 8920, provisioned ordinary dividends. - 'Additional dividend during this year, based on the accounts from this year' is taken from the balance of 8922, provisioned extraordinary dividends. - 'Extraordinary dividend during this year, based on the accounts for the year' is taken from the balance of 8923, extraordinary dividend. - 'Received group contribution', to be filled out - 'Allocated intra-group contribution', to be filled out - 'Cash contributions', to be filled out - 'Non cash contributions', to be filled out - 'Reduction of share capital and distribution of share premiums - cash', to be filled out - 'Reduction of share capital and distribution of share premiums - other assets', to be filled out - 'Remission of debt', to be filled out - 'Purchase of own shares', to be filled out - 'Sale of own shares', to be filled out - 'Debt converted to share capital', to be filled out - 'Difference between allocated/expected dividend year-end closing in 2019 and the distributed dividend in 2020', to be filled out - 'Other changes, to be filled out - 'Calculated equity 31.12 according to specification' is calculated on the basis of values in specification and used in reconciliation of RF-1167 item 9450, Total equity. For further instructions to how this form is completed, please see the [official guidelines](https://www.skatteetaten.no/globalassets/skjema/2021/rf-1052b.pdf). Reconciliation of fixed assets /periodandyear/help/taxation/impersonal/checks/reconciliation-fixed-assets page 2024-09-12T19:33:52+02:00 # Reconciliation of fixed assets When you click on **Reconciliation of fixed assets** on the left side, a reconciliation model of the company\'s fixed assets is displayed on the right side. The model lists a **Specification of estimated change of temporary differences**. This includes entries from the company\'s depreciations, accounting profit/loss, profit/loss not entered in the profit/loss account, profit/loss entered in the profit/loss account and the difference between accounting and taxable cost. Estimated change in temporary differences according to specification is reconciled with RF-1217 item 3, column III Change in temporary differences. Under **Depreciations**the model lists the following entries: - Accounting depreciations - Hereof depreciation on financial leasing - Impairment of fixed assets - Taxable depreciations - Taxable linear depreciations - Taxable depreciations power plant Under **Accounting profit/loss** the model lists the following entries: - Accounting profit on sales - Accounting loss on sales Under **Profit/losses not entered in the profit-/loss account** the model lists the following entries: - Sales amount directly entered as income in the year of realization, cf. The Tax Act § 14-44 - Profit on non-depreciable fixed assets - Profit on linear depreciable fixed assets - Loss on non-depreciable fixed assets - Loss on linear depreciable fixed assets Under **Profit/losses entered in the profit-/loss account** the model lists the following entries: - Profit on non-depreciable fixed assets - Profit on depreciable fixed assets - Negative balance goodwill - Loss on non-depreciable fixed assets - Loss on depreciable fixed assets Under **Difference between accounting - and taxable cost** the model lists the following entries: - Tax-free investment subsidy - Input VAT adjustment - Reduction for adjustment of input VAT on sale - Diff. between the booked amount and the fair value at the time of the merger/demerger - Diff. tax values ​​and booked/fair value on conversion to limited company - Deduction for tax-free profit on transfer of assets to companies in the same group. - Addition for diff. between tax entry value and remuneration transferred from companies in the same group. - Activated fixed assets to be expensed for tax purposes Salary and pension costs /periodandyear/help/taxation/impersonal/checks/salary-pension-costs page 2024-09-12T19:33:52+02:00 # Salary and pension costs Reconciliation of salary and pension costs was in the old tax return attached in tax form RF-1022. In the new tax return and business specification, this reconciliation has been removed. When you click on**Salary and pension costs** on the left side, a separate section for the reconciliation of salary and pension costs is displayed on the right side. The data calculated here and possibly also recorded will be shown on the Wage and pension costs report in **Reports - Other year-end documents**. The accounts included in the reconciliation are the same as previously presented in form RF-1022 Salary and pension costs. It is also possible to add separate lines in the various sections of the reconciliation. It is not possible to remove accounts directly from the list, but the accounts are included based on the reference account properties. Accounts that are mistakenly included in the reconciliation are then included due to the wrong reference account, and the reference account property of accounts shown on the screen can be changed directly from the screen. If accounts that should have been included in the reconciliation are not included, you must find the account accordingly and change the account\'s reference account property. Please see the [Tax Directorate\'s notices 4/2022](https://www.skatteetaten.no/rettskilder/type/skattedirektoratets-meldinger/revisors-plikter-i-forbindelse-med-signering-av-signaturpliktige-opplysninger-i-naringsspesifikasjon-og-skattemelding/) for more information.