Brief information about payments from funds to athletes

Specify payments from funds which have been approved by the Ministry of Finance.

Active athletes can deposit income earned through sport in a fund for athletes. While the athlete is active, the person concerned can receive compensation for lost earnings and coverage of expenses from the fund.

 

When the athlete leaves

When the athlete ceases to be active as an athlete, the balance in the fund must be disbursed over a period of up to six years. The scheme entails tax deferment, as the athlete will not pay tax until the money is withdrawn from the fund and can therefore achieve a return on money that would otherwise have been used to pay tax.

 

Expense allowances not subject to withholding tax

Expence allowances that are not subject to withholding tax are not to be reported as a “payment from fund to athlete”, but with the the specific description of expense allowances not subject to withholding tax.

 

Interest

You do not report payment of interest from the fund in the a-melding. This is to be reported as basic data (balance and interest statement) from the fund.

See more information how to report interest

 

The information you must provide

Amount	NOK x
Type of salary or benefit	Cash benefit, fund for athletes
Subject to withholding tax	Yes
Basis for employer's national insurance contributions	No
Tax and contribution rules	If relevant
Additional information	-

 

 

Type of salary or benefit

Specify “cash benefit” and “fund for athletes”.

 

 

Basis for employer's national insurance contributions

You must not calculate employer’s national insurance contributions on this benefit. Employer's national insurance contributions have already been calculated in connection with payments into the fund.

 

Tax and contribution rules

If the athlete fulfils the conditions, you must use the following tax and contribution rule:

 

 

 

When you must submit reports 

Specify the benefit in the calendar month in which you paid the amount. The fund board is the declarant.

 

Correcting errors

 

What do we use the information for

NAV uses information concerning salary and other benefits to calculate unemployment benefits and to check benefits such as sickness benefit, parental benefit, disability benefit and advance child maintenance payments.  

The Norwegian Tax Administration uses information concerning salary and other benefits to assess income. The amount is aggregated with other benefits and transferred to the tax return.

Statistics Norway (SSB) uses the information for statistical purposes.