What changes do I have to make to the tax return for wealth and income tax?

Should I enter bad debts as wealth?
You should enter wealth in the form of receivables under item 4.1.6 of the tax return. You should reduce the value of bad debts through a discretionary assessment. You must do this yourself even if you cannot write-down the receivable with effect for the income assessment.

Receivables which you have confirmed as being lost should be valued at zero.

Can I claim an income deduction for membership subscriptions to trade organisations as well as trade union membership subscriptions?
Trade union subscriptions are generally not deductible. However, you can claim deductions for membership subscriptions which you have paid to:

  • employee organisations
  • Norges Fiskarlag
  • employer associations
  • professional and trade organisations

You cannot claim an income deduction for membership subscriptions to an employee organisation, Norges Fiskarlag and or membership subscriptions to a professional or trade organisation at the same time. The taxpayer will know themselves which membership subscriptions he or she can claim deductions for.

If a taxpayer claims a deduction for membership subscriptions to an employer organisation as well as for corresponding subscriptions to a trade organisation, the income deduction may not exceed 0.2 per cent of the total salary paid during the year before the income year.

Self-employed taxpayers who have paid a membership subscription, tariff-based charge and/or membership subscription for vessels to Norges Fiskarlag can claim an income deduction of up to NOK 3,850 or 0.2 per cent of the total salary paid (not crew shares) during the year before the income year if this will result in a higher income deduction.

Self-employed taxpayers can claim a deduction from their income for membership subscriptions to national professional and trade organisations whose main aim is to safeguard the financial interests of the type of enterprise that the taxpayer carries on. You can claim an income deduction of up to NOK 3,850 or 0.2 per cent of the total salary paid (not crew shares) during the year before the income year if this results in a higher income deduction. If you are a member of several professional and trade organisations, the deduction limit applies to the total membership subscriptions you have paid, including your membership subscriptions to an employer organisation.

If you enter a deduction for membership subscriptions under item 7495 in Income statement 1 (RF-1175) or in the Business Tax Return, you must delete any pre-completed deductions in item 3.2.11 of the tax return.

Should I enter shareholdings in cooperatives as wealth in the tax return?
You should not enter wealth in the form of shareholdings in cooperatives in the tax return. The cooperative itself must pay wealth tax to the State if its net wealth exceeds NOK 10,000.

If you have made any loan deposits in the cooperative, you should enter the amount as wealth under item 4.1.6 of the tax return.

Which tax class should I enter in the tax return?
Read about tax classes for personal taxpayers here.