On the night of Thursday, March 31, was the tax return available in Altinn.
Approximately 3.7 million Norwegians who have registered as email user can now check if they have to pay arrears, or about they get a tax refund.
Many taxpayers can not be bothered to take the trouble to check whether the information in the tax return is correct. It may cost them dearly, warns lawyer Per-Ole Hegdahl Accounting Norway.
– The state does not give money away, just as taxpayers “get” money through tax settlement. Accounts Norway recommend everyone to see on your tax return as a complicated “settlement” from a vendor, where you get some kind of settlement with plenty of information, says Hegdahl to Manager.
– You do not leave the supplier to check settlement is correct, and the same should apply to the tax return. You should definitely check if your income, deductions and formuesfastsettelser is correct, he said.
– Risking paying too much tax
The Tax Administration also encourages all about checking tax return carefully.
tax Return 2016 (for the fiscal year 2015)
* available online from March 31.
* Anyone who is registered email user with the IRS, you can log onto Altinn.no and see tax returns digitally.
* This year it is also possible to check your tax return Altinn new app.
* Changes in the tax return must be made by April 30, which is the delivery deadline for wage earners and pensioners. Changes can not be done within the app.
* For businesses, the deadline for changes and submission on 31 May.
* From 22 June to 12 October, makes people notice either by SMS or email stating that the tax settlement is available.
– It is important to be aware that the tax return is not completed. The pre-populated. There are several deductions that are not entered, and there may be errors in the data are. Therefore it is important that all checks tax returns its carefully. Otherwise you risk paying too much tax, says the tax director Hans Christian Holte said.
Last year there were 870,000 employees and pensioners who actually made changes in their tax returns. Most joined deducted or corrected incorrect information.
– Money again is not a gift
Accounting Norway’s experience is that those who receive a tax settlement showing that they owe money, checks better than those who have money left.
– this is because many who get money back on taxes, looking at this as a gift. It’s wrong. Payment or credit balance, shows only that you have drawn too much tax during the year, and it is therefore equally important that this tax settlement controlled. The call is: Check your tax return carefully! says Hegdahl.
Lawyer Per-Ole Hegdahl Accounting Norway. (Photo: Espen Sturlason )
Hegdahl has the following tax tips for wage earners:
Get an overview of the economy
Tax return time is a good occasion to get a good overview of their own finances. are you going to have to invest in a new roof or new car, or have big plans to buy boat or other assets, it may make sense to create a plan for how you will manage to cope with these additional costs.
If you take up more loans to finance the costs, it may make sense to change the withholding allowing increased interest deduction is taken into account. Higher loan with higher interest expenses also increased tax deductions that reduce the need for withholding. In result means that you get more paid as salary after taxes. However, be careful withholding not being less than you are obliged to pay, otherwise you can get arrears which rarely are some pleasant surprise.
Important items:
* Pass and caring for children
have you had expenses for the passports of children younger than 12 years in the tax year, you can deduct up to NOK 25,000 for one child and 15,000 for each children you may have as well. 3 children gives other words the right to deduction of up to 55.000 million assuming you’ve had similar costs and can document them. Do you have children who are 12 years or older and who have a particular need for care and treatment, you can get a deduction for this even within the same aforementioned thresholds.
* COMMUTING
most people who live near the work site, can not claim a deduction for travel expenses between home and work. However, if the annual travel costs exceed 16,000 crowns, you can claim a deduction for the excess. Travel expenses in connection with work are deductible with a maximum of 76,500 kroner for 2015, but remember to subtract the minimum allowance of 16,000 kroner. Maximum deduction amounts are therefore 60,500 kroner (£ 76,500 – £ 16,000 = £ 60,500). Have you had major travel expenses, make sure you get checked to make sure they are with.
* Union dues
Paying union dues entitle reduced by up to 3850 per year. The sum is normally pre-entered in your tax return, but this is also a relationship it is wise to check that has come with so you do not pay more tax than you need to.
* Stocks
as to any capital losses or gains, this item is also pre-populated with net capital losses or gains from Norwegian companies and foreign companies registered on the Oslo stock Exchange, as specified in RF-1088 “Share task.” But here it is important to check that the number of shares are properly recorded, and that the input values (purchase price) of the shares is correct. The difference between the purchase price and later selling price is decisive for any taxable gain on shares or deductible capital losses. So even if the input values of the shares seem unimportant to control now, they have great importance in connection with a subsequent sale.
* Donations to NGOs
Donations to voluntary organizations also entitled to a deduction of up to NOK 20,000 per year. Monetary donation must be at least 500 million order for it to be deductible. Is the donation of one reason or another do not come with the tax settlement, contact the organization you have given money to tell it to report the gift.
* Distribution of interest between spouses
Spouses who are married, you can freely distribute interest income and interest expenses between them. If net income (ordinary income) to those who have the lowest incomes are under 50,400 crowns, it will pay to transfer any interest on the top earners. At best, the transfer of interest on offer throughout the 13 608 million in reduced taxes for married people.
* BSU
Even the year you turn 33 years, you can use of housing savings for young people (BSU). This is in many ways a gift package from the state. The scheme enables you to save up to 25,000 per year, and 20 percent of the saved amount deductible from tax. In practice the system of government provides 5,000 kroner to save 25,000 million. Better it hardly. Starting in 2016, the maximum savings amount to NOK 300,000. Have you taken advantage of the scheme, check that 20 percent of saved amounts have been deducted in tax. If the deduction is not included in the tax return, you must assign your bank to ask them to send a message to the Tax Administration so that the deduction comes with the tax settlement.
* If in doubt about a revenue, expensable – or capital item
Taxpayers can either seek advice by contacting the tax Administration, take contact with a tax attorney or seek advice from a certified public accountant. About Tax Administration are in doubt, they will normally interpret the regulations in favor of that which gives the highest revenue to the state. The other two advisers will increasingly be concerned to ensure that the taxpayer is best.
* General
Remember that for all expenses that are deductible, the state pays 27 percent of the bill for the fiscal year 2015 through reduced taxes on the calculation called ordinary income (net income). Our advice is therefore to ensure that all revenues are with, not to mention that all expenses are deducted correctly. Otherwise you risk being taxed for a high income and thus pay too much in taxes.
Also note that the tax authorities have clear and well homepages where you can find lots of information. Of useful aids on www.skatteetaten.nokan including include “residential calculator” that can be used to check that the tax value of your property is correct, and “deductions mentor” that provides good information about various deductions you may be entitled to.
how to correct errors
the tax return can both be delivered on paper and electronically.
If you make changes, it is naturally slightly different methods depending on how you will deliver .
If you do not know which item in the tax return any changes be attributed to, you will find this on the tax Administration website under “Find mail in your tax return.”
Web
Should you change or add something in Altinn, you can either directly press record or press the “change” right. When you enter the record, and also get up under records. It is also possible to add items.
Inside the record, press “Change”, and you get up a field you can enter the correct numbers. The correct figure will thus come under column “Corrected to.”
When you think that every number is correct, click “Start submission”. Also remember that you can change and submit the tax return several times before the final deadline on April 30. It is the last filed tax return that apply.
You also have the ability to add attachments when you deliver electronically. This is done by pressing the tab “Attachments”, when you are on your tax return.
NB All businesses must submit electronically starting this year.
paper
On paper insert simply a line across the prefilled century and leads up the right amount in column “geared”.
If there is income, deductions, assets or liabilities not entered in advance, fill in this under “amounts not entered in advance.” Here you will also find what number the current record has, see Find mail.
The tax return can be sent to this address:
Tax Administration
PO Box 4305
8608 Mo i Rana
If you submit your tax return on paper, you get tax settlement in August. Delivering on the other hand electronically, gets most tax settlement already on 22 July.
One last tip from Hegdahl:
If you are really in doubt an income is taxable and therefore fail to bring it up. Or the opposite, really in doubt about a deduction, but decided to carry it out:
– Provide information about your legitimate doubt for Tax Administration. Otherwise you risk that the tax administration disagrees with you regarding the interpretation of the rules, and that they at worst sanction they think is wrong with surtax.
No comments:
Post a Comment