Before you can start the calculation, you must find out the recommended list price of the vehicle at the time it was first registered. You can find this in the Tax ABC or by checking with the brand importer. You must add the recommended price for all extra equipment such as a radio, CD player, GPS, alloy wheels, leather seats, etc.
If the vehicle is less than three years old, the calculation must be performed as follows:
30% of the list price including all extra equipment up to NOK 299,100 (2017 rate)
+ 20% of the remaining list price
= Calculated income benefit for private use
If the vehicle is three or more years old, the calculation basis must be set to 75% of the vehicle's list price.
In the case of electric vehicles, the basis should be set to 50% of the calculated list price. If travel on company business amounts to 40,000km or more, the basis should be set to 75% of the calculated list price. The calculated income benefit is subject to withholding tax, which means that the benefit must be included in the basis for calculating the amount of payroll withholding tax to be deducted from the employee's salary.
Special rules apply to the calculation of benefits linked to the use of a van in class 2 and heavy goods vehicles under 7,500kg; for more information on this, see here.