Tuesday, April 26, 2016

- Do not miss the deduction – Sunnmørsposten

Do you have questions about tax? You can submit questions and get answers.

To be sure you are paying the right taxes, make sure all information is correct and that you have received all the deductions you are entitled on.

– Do not risk to miss a deduction or get additional tax because you have not checked the numbers. It is important that everyone takes the time to do this job, says advisor Siv-Karine Brødreskift in tax administration.

You can check your tax return via Tax Administration’s website here (external link)

Read also: People can lose large sums forgot deduction.

Holiday Money

Tax Administration receives many questions in these days. Many people ask about holiday pay and deductions in the tax return.

Many people think that holiday pay not be entered in the tax return, but it is wrong, says Brødreskift.

– Holiday pay is taxable income as usual salary, but you pay a little more taxes throughout the year so that the holiday pay can be paid without tax deductions. In line going throughout December wages on your tax return, even if you pay only “half tax” in December, says Brødreskift.



interest deductibility

Do you have joint debts with cohabitation have to be distributed. Banks report in only one of the cohabitants, although both are responsible for the loan.

– Tax-deductible interest on private loans are not entered in advance, but something you need to add. The same applies if you have borrowed money and interest received on the loan, says Brødreskift.



Businesses

New this year is that entrepreneurs must submit their tax returns electronically.

In this context, tax authorities launched Nutrition Report tax.

– This solution is intended for companies with simple tax affairs, says Brødreskift.

Who can use industry report tax you can check on Tax Administration pages.

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