Information

Information /periodandyear/help/taxation/participant-taxed/type-2/information section 2024-09-13T13:35:28+02:00 # Information In **Information and tax - Information** you can register information about the company and add values for tax calculation. This is also where you enter additional information that is thematic or industry specific. This information is automatically transferred to relevant subjects in the tax return for businesses. Company /periodandyear/help/taxation/participant-taxed/type-2/information/company section 2024-09-13T13:35:28+02:00 # Company In the left menu below **Company** you register/update **Client information**, **Accounting office** and **Auditor**. This information is automatically transferred to relevant subjects in the tax return for businesses. Company information /periodandyear/help/taxation/participant-taxed/type-2/information/company/company-info page 2024-09-13T13:35:28+02:00 # Company information In **Company information**, some fields are populated automatically based on information that appears under **Settings - Company information**. Some company information can also be imported from the [Brønnøysund Register Centre](https://brreg.no/). Registered company 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**. Fill in the other fields under **Client information** manually. NOKUS (Norwegian-controlled foreign company) /periodandyear/help/taxation/participant-taxed/type-2/information/company/nokus page 2024-09-13T13:35:28+02:00 # NOKUS (Norwegian-controlled foreign company) The NOKUS rules stipulate that Norwegian participants in Norwegian-controlled companies and entities resident in low-tax countries shall be taxed for a proportional share of the company\'s/entity\'s profit/loss regardless of whether dividends are actually paid out, see Section 2-4 of the Tax Act, cf. Section 10-60 to Section 10-68. The main purpose of the NOKUS rules is to equalize the tax treatment of Norwegian taxpayers who invest in Norway with those who invest in companies in low-tax countries (capital export neutrality).

Setting up clients

The Norwegian-controlled companies and entities are essentially impersonal companies but are taxed in Norway as companies with participant taxation (SDF). Therefore, the client is created by selecting the company category "Participant-taxed (ANS, DA, KS etc.)" and then choosing the enterprise type "NOKUS - Norwegian-controlled foreign company."

#### Participants in a NOKUS Participants in a NOKUS company can fall into three categories: - Impersonal participant taxed under ordinary rules, e.g., a limited company - Personal participant - Impersonal participant taxed under the special shipping company rules in Section 8-10 of the Tax Act #### Setting up participants by tax form Participants are created in the menu **Year-end closing - Information and tax - Participants** and selecting the **Participants** menu item in the left margin. A personal participant is specified by registering the participant\'s personal identification number in the \"Personal identification number\" field. An impersonal participant is specified by registering the participant\'s organization number in the \"organization number\" field. If a participant is taxed under the special shipping rules in Section 8-10 of the Tax Act, this must be indicated in the menu **Year-end - Information and tax - Various information** that the company is engaged in shipping activities. #### Interest limitation for NOKUS companies The three categories of participants have different income calculations. For this reason, there is also interest limitation with calculations depending on the category: - Impersonal participant taxed under ordinary rules - Personal participant - Impersonal participant taxed under the shipping company rules in Section 8-10 of the Tax Act Each of the three categories has its own calculations, where some parts of the numerical material, such as interest, related parties, etc., are the same in all three categories, while other parts differ for those parts of the interest limitation that are affected by differences in income in the income year or previous income years. #### Shipping company taxation Data in shipping company taxation must be registered for the relevant parts of the data, including financial income and financial expenses, which are taxed at the individual participant level.

Accounts that cannot be used for NOKUS companies

There is no support for NOKUS companies to submit a business specification with accounts referred to by any of the following account codes in the business specification:

3000 Sales revenue and withdrawals, taxable
5600 Work compensation to owners in ANS etc.
6100 Freight and transport costs related to sales
7099 Private use of a business vehicle
8030 Interest income from companies in the same group
8130 Interest expenses to companies in the same group

If you have an account with a balance, which is mapped to one of the above items, a validation message will appear under "Checks - Internal control indicating that one of these account codes has been used. If such a message appears, go to Year-end - Information and tax - Financial statement and find the code being warned about, and change the reference account to an account not referred to by one of these lines. For example, if account number 3000 is used, this account will get reference account 3000, which is linked to code 3000 in the business specification. Use, for instance, reference account 3100 for this account, and the problem is solved. The same applies to the other codes that give warnings.

#### Participant information The participant information does not correspond to the participant information in a regular SDF but contains information relevant to NOKUS taxation, varying somewhat depending on the three categories of participants: impersonal, personal, and participants subject to shipping company taxation. There are different tabs with information for each of the participants. If withholding tax on interest, royalties, etc., is paid, this is registered in a separate menu and allocated to the participants. #### Wealth Wealth is registered under the menu item \"Year-end - Information and tax - Wealth.\" Wealth can be registered with the following three mutually exclusive alternatives: - The market value of listed shares at the end of the income year - Net wealth from the previous income year - Estimated sales value at the end of the income year This value should be the total value for the entire company and should also include shares or units owned by others who are not taxable in Norway. If something other than the market value of listed shares is chosen, information on the calculation of wealth at the end of the income year for use in the next year\'s wealth determination will also be displayed. This calculation corresponds with the wealth calculation for a limited company to determine the share value for unlisted shares owned by a Norwegian limited company. #### Validation of information As with other taxpayers, there will be continuous validation of information for the client in Period & Year. #### Business specification The business specification is identical to other companies. It is necessary to perform currency conversion of the financial statement figures before these are registered in Period & Year, as Period & Year does not support internal conversion of balance figures from financial statements, etc.

Financial data as input

It is necessary to Import accounting data by registering balance figures at the account level in an Excel file for import. Importing balance figures from Excel is done by having line 1 contain headers and the remaining lines contain data.

Column A:

Header = Account
Content = Account number, normally 4 digits

Column B:

Header = Account name
Content = Account name as text

Column C:

Header = Financial year as an integer, e.g., 2023
Content = Balance figures with 0 to 2 decimal places

#### Tax return The tax return is the same as for other SDFs, but with certain fields specific to NOKUS companies. #### Participant reports In the menu **Year-end - Information and tax - Participants**, there is a function button to download participant reports in PDF format to send to the company\'s participants. #### Participants\' tax returns After submitting the company return to the Tax Administration, it may happen that the reports are made available as pre-filled information that can be downloaded by the individual participant in Period & Year. The reports are found in the same registration screens as for participants in SDFs in general. Foreign businesses assessed as partnerships (USDF) /periodandyear/help/taxation/participant-taxed/type-2/information/company/foreign-businesses-assessed-partnerships page 2024-09-13T13:35:28+02:00 # Foreign businesses assessed as partnerships (USDF) The company is set up as an ordinary company with participant determination (SDF) where you indicate the closest form of liability, which will either be ANS, DA, KS or internal company. To indicate that the company is a USDF, this must be ticked under **Information and tax - Information - Client information**. Information on legal form (company form) and whether supporting material can be submitted is also given here. When it comes to registering participants, this is done under **Information and tax - Participants** and select **Participants** in the left-hand menu. Here, participants who are liable to pay tax in Norway register by entering either their social security number or company number and filling in other information. It is recommended to fill in the participants so that the total participants add up to 100%. This is done by creating a participant without tax liability who owns the remaining share owned by foreign participants without tax liability to Norway. This is done by creating an additional participant, where you do not enter either a social security number or an organization number, but indicate the participant as not liable to tax in Norway. This participant must technically contain the company share that is not owned by a person or company that is liable to tax in Norway.

When it is stated that the participant is not liable to tax in Norway, no information about this will be filled in the tax return, but validation messages are avoided in the internal validations such as, for example, that the ownership share is not stated as 100%, etc.

The company registration is submitted in the usual way as for Norwegian SDF. Annual report is not available for this form of company 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. Basis values /periodandyear/help/taxation/participant-taxed/type-2/information/basis-values section 2024-09-13T13:35:28+02:00 # Basis values In the left menu under **Basis values**, you register values to calculate tax values. Account receivables /periodandyear/help/taxation/participant-taxed/type-2/information/basis-values/account-receivables page 2024-09-13T13:35:28+02:00 # 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**. If the company is newly established, you can choose to use the **Use 2% write-down** (newly established business). The system then calculates a 2% tax write-down of nominal value of trade debtors and not invoiced of trade debtors. When you do a change in this year\'s taxable value for account receivables, the system will automatically make a system voucher, so that the book value will be equal to the calculated taxable value. Under **Closing entries** you will see that the system has generated a system voucher **Calculation of tax write-down on account receivables**. Both accounting and taxable values are constantly updated in the tab **Overview**. Approve the values by clicking on the symbol in the **Done**column. Goods /periodandyear/help/taxation/participant-taxed/type-2/information/basis-values/goods page 2024-09-13T13:35:28+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. Tax related depreciations /periodandyear/help/taxation/participant-taxed/type-2/information/basis-values/tax-related-depreciations page 2024-09-13T13:35:28+02:00 # Tax related depreciations Tax-related deprecations should be completed and submitted with the company tax return.

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**.

For companies with limited accounting obligations, there will be automatic postings of transfers to and from negative balances, profit and loss accounts, as well as income of negative balances/the year's sales and deductions of depreciation. For companies with full accounting obligations, positive and negative values are transferred to temporary differences between accounting and tax values.

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/participant-taxed/type-2/information/basis-values/profit-loss-account page 2024-09-13T13:35:28+02:00 # Profit and loss account ## Profit loss account (participant taxed) Profit and Loss should be completed and submitted with the company tax return if you have a loss account after the realization of fixed assets etc.

For companies with limited accounting obligations, automatic postings of transfers to and from the profit and loss account as well as income and deductions will be made. For companies with full accounting obligations, a transfer is made to temporary differences between accounting and tax values.

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. Interest limitation rules /periodandyear/help/taxation/participant-taxed/type-2/information/basis-values/interest page 2024-09-13T13:35:28+02:00 # Interest limitation rules In **Year-end closing - Information on tax - Information - Basic 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) #### 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) Calculation basis for interest deduction limit : - Addition for tax depreciation : - Directly recorded income for depreciated assets : - Calculation basis for interest deduction limit This year\'s addition or deduction in income : - Net interest expenses - Net interest expenses : - Difference between this year\'s interest expenses and interest deduction limit - Reversed addition to income (only for companies in the group) - Addition to income for companies etc. in the group that have their deduction for interest to other related parties cut off - This year\'s addition to income. Total reductions of this year\'s interest expenses - Net interest expenses - Adjustment of income Carryforward of interest deduction from this year : - Addition to income - Carried forward from previous years - Deduction from income - Adjustment for companies with participant taxation or non-resident companies with losses - Carryforward of disallowed interest deduction 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 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. Hydroelectric plants /periodandyear/help/taxation/participant-taxed/type-2/information/basis-values/hydroelectrical-plant-minitoc section 2024-09-19T15:50:46+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/participant-taxed/type-2/information/basis-values/hydroelectrical-plant-minitoc/hydroelectric-plant page 2024-09-13T13:35:28+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/participant-taxed/type-2/information/basis-values/hydroelectrical-plant-minitoc/separate-fixed-assets-power-plants page 2024-09-13T13:35:28+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/participant-taxed/type-2/information/basis-values/hydroelectrical-plant-minitoc/acquisitions-separate-fixed-assets page 2024-09-13T13:35:28+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/participant-taxed/type-2/information/basis-values/hydroelectrical-plant-minitoc/separate-fixed-assets-under-construction page 2024-09-13T13:35:28+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/participant-taxed/type-2/information/basis-values/hydroelectrical-plant-minitoc/balance-depreciation-in-power-plants page 2024-09-13T13:35:28+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/participant-taxed/type-2/information/basis-values/hydroelectrical-plant-minitoc/import-power-plant page 2024-09-13T13:35:28+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. Additional information /periodandyear/help/taxation/participant-taxed/type-2/information/additional-info section 2024-09-13T13:35:28+02:00 # Additional information In the menu on the left under **Additional information**, you enter information and values that are theme or industry specific. Property /periodandyear/help/taxation/participant-taxed/type-2/information/additional-info/property page 2024-09-13T13:35:28+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**. Use of car /periodandyear/help/taxation/participant-taxed/type-2/information/additional-info/car-usage page 2024-09-13T13:35:28+02:00 # Use of car Click the **Add car** icon in the upper right corner of the page to create a new car. Registration fields will be displayed and registered values are automatically included in the tax return for businesses.

Cars are created in separate tabs. You can change the name/description of each car.

Start with filling out **Information about car usage**. The value **Balance depreciation for private use (for car not leased)l** is calculated automatically based on the values registered in **List price as new car**, **Registration year** and **Balance depreciation for private use (for car not leased)**, **Reversed car expenses for the private use of a work vehicle** is calculated automatically based on entered values. The first tab shows an overview of all created cars. On this tab you have the option to create an automatic system voucher regarding returns for private use. Calculated values and other information are transferred to relevant subjects in **Tax return- Business information.** Delete a car by clicking the **Delete car** button at the bottom of the page. See the previous [official guidelines](https://www.skatteetaten.no/globalassets/skjema/2021/rf-1125b.pdf) in the form RF-1125 Bruk av bil or [Posts, 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. ## Field explanations Car number plate : Enter the car's registration number in this field. Car category : Select one of the following car categories. : - Passenger car - Electric car : - Hydrogen car : - Van (class 2) : - Truck with weight under 7500 kg : - Truck with weight 7500 kg and more - Car reg. for 9 passengers or more (special arrangement) - Bus registered for 16 passengers or more Registration year : Enter the year in which the car was first registered as new in Norway or abroad. List price as new car : Enter the main importer\'s indicative price for the car model, before any discount,, including vat and wreck discount. Extra equipment must be included (eg radio / music system, winter tires, ski box, trailer hitch, etc.). Extra equipment that has value solely for professional use is excluded. This applies to e.g. special devices intended for the transport of tools etc. Number of kilometers during this year : Enter the number of kilometers driven in total during the income year. Number of kilometers of business use during this year : Enter the number of kilometers driven in the business during the income year. Time period : Enter time periods from date to date for when you have used the car in the business. Private usage : Enter if the business vehicle has been used privately in the income year. Electronic driving record regarding driving at work : Enter whether an electronic driving record has been kept that applies to business driving in the income year. Here you answer yes or no. Operating cost exclusive leasing and deprecations : Enter operating costs in the income year. Leasing cost : Enter costs for leasing rent in the income year. Balance depreciation for private use (for car not leased) : 17% balance depreciation based on the car\'s list price at first registration is calculated based on entered information. Reversed car expenses for the private use of a work vehicle : Value is calculated automatically based on entered values. Accommodation and restaurant /periodandyear/help/taxation/participant-taxed/type-2/information/additional-info/accomodation page 2024-09-13T13:35:28+02:00 # Accommodation and restaurant 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[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/) [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/) for more information. Taxis and cargo transport /periodandyear/help/taxation/participant-taxed/type-2/information/additional-info/taxi-cargo-transport page 2024-09-13T13:35:28+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/) for more information. Forestry information and timber account /periodandyear/help/taxation/participant-taxed/type-2/information/additional-info/forestry-information-timber-account page 2024-09-13T13:35:28+02:00 # Forestry information and timber account This year\'s revenues and costs should be completed and submitted with the tax return for businesses. Click the **Add forest and timer account** icon in the upper right corner of the page to create a new account. Relevant registration fields will be displayed and registered values are automatically transferred to the Business specification. The account is created in a separate tab. You can delete an account by clicking the **Delete forest and timer account** button at the bottom of the page. The first tab shows an overview of created accounts. The total values are summed up for all accounts. [Skattemelding for deg som driver med skog](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/hjelp-til-skattemelding/skog/).or [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/) Exemption method /periodandyear/help/taxation/participant-taxed/type-2/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. All income and deductions for shares and financial products (dividends, returns, gains and losses) regardless of whether they are taxable, exempt from income tax or without the right to deduct must be entered under an overview of financial products. ## Limited accounting duty For companies with limited accounting obligations, income recognition of dividends etc. with 3% taxable income must be divided into two parts: • 3% income recording in own account with reference account 8072 • 97% remaining in own account with reference account 8074 Income recognition of dividends etc. which fall outside the exemption method must be accounted for in an account with reference account 8073. The accounting must correspond to what is stated under financial products for income within the exemption method.u can change a users access level to this group from user or group administration. ## Full accounting obligation Account with reference account 8071 is used for dividends etc. both within and outside the exemption method.

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

Les mer i Skatteberegning.