The Shareholder's tax report
All shareholders will receive the “Shareholder's tax report”. This report presents a summary of your shares in Norwegian private limited companies. The shareholder's tax report also includes foreign companies registered on Oslo Stock Exchange and equity certificates in Norwegian savings banks
The Shareholder’s tax report is intended to help you determine the correct taxable amounts, and to help you claim the deductions you are entitled to on your share income.
- You must check the report before completing your tax return:
- You need only submit the report if you have made changes to it.
- If you own shares or holdings that are not listed in the “Shareholder's tax report”, you must state and alter this yourself. If you’ve received the new version of the tax return, you add the information under the theme “Finance”. If you’ve not received the new version, you submit the form Gain, loss, dividend and capital value of shares and other financial products (RF-1159). This applies to both Norwegian and foreign shares.
- Remember that changes to the report could mean that you must amend your tax return.
The new rules concerning value of assets in unlisted companies mean that newly established companies shall be valued for tax purposes just like other unlisted shares.
If you own shares in a company established in 2019, if you’ve bought own shares or if you’ve had capital changes in 2019, the value of assets will normally be unknown and not pre-completed in the tax return. Please contact the company to get information about the value of assets.
The company will provide The Norwegian Tax Administration with information on value of assets in their tax return. You’ll then receive a new share report (RF-1088), showing correct value of the assets that were unknown and not pre-completed in the tax return. You may receive a new share report after you’ve submitted the tax return. You must then compare the information in the share report with the information in the tax return. If the information is incorrect, you must change it in your tax return and submit it again.
If the Norwegian Tax Administration receives new information concerning dividend and gains or losses, you’ll receive a new share report (RF-1088) showing taxable amounts not pre-completed in the tax return. You must then compare the information in the share report with the information in the tax return. If the information is incorrect, you must change it in your tax return and submit it again.
We recommend also that you check the following information in the report:
Sales and other realisations
If the Tax Administration has complete information concerning the realisation of shares and dividends, these amounts will be pre-completed in the tax return.
If the gains/losses are incorrect or missing, you must amend and submit the Shareholder's tax report.
In Altinn, you will find a correctable version of the Shareholder’s tax report (RF-1088K). In this report, you can alter the input value for shares purchased during the income year, as well as the consideration received for shares realised during the income year. After a couple of days, you will be able to access a new recalculated Shareholder’s tax report in Altinn (RF-1088R). In the recalculated report, you will find the new calculated gains/losses, i.e. the amount you should transfer to the tax return.
If you wish to make any changes or additions linked to dividends, you should make the changes directly in your tax return. You cannot make any changes in the Shareholder's tax report.
The tax value is the tax-related value of the shares you own at the end of the year. Tax values of shares are pre-completed in your tax return.
If you wish to make any changes or additions linked to tax values, you make the changes directly in the tax return. You do not need to make any changes in the statement of shares and equity certificates.
See also the section above on new rules concerning value of assets in newly established unlisted companies.
The input value of a share is what you paid for the share, including costs. If the information concerning input value in the statement of shares and equity certificates is incorrect or incomplete, you must amend and submit the statement.
Foreign shares not included in the Shareholder's tax report
The Shareholder’s tax report only includes foreign shares that are listed on the Oslo Stock Exchange. New for the 2019 income year is that all Norwegian banks and financial institutions must report your foreign shares (assets/wealth), gains/losses and dividends to the Tax Administration. This information will therefore be pre-completed in your tax return. Check the annual statement from your bank.
Share information that is not included in the tax return (capital, dividend and gains/losses)
If you’ve not received the new version of the tax return (more details below), you submit the form “Gain, loss, dividend and capital value of shares and other financial products” (RF-1159). If you submit the new version of the tax return, the information must be entered directly in the tax return. You do not need to submit the form RF-1159 if you submit the new version of the tax return.