If your income or wealth is lower or higher than expected, you should change the numbers in your tax deduction card to avoid paying too much or too little advance tax.
You must try and estimate the amount of expected income or wealth for this year as best you can. If you do not know how much interest income or interest on debt you can expect to have this year, ask your bank.
If you change the amounts in your tax deduction card, the amount for advance tax will also change. You can see the calculated advance tax in your tax deduction card.
The Tax Administration uses the information about your income and wealth from your 2021 tax return to calculate your advance tax.
In 2021, the interest level was very low. Interest rates have increased in 2022 and will most likely increase further during 2023. For some taxpayers, this will mean a big change in the amounts we’ve entered into the 2023 tax deduction card.
Example – When you have interest income In 2021, you had NOK 100,000 in the bank and received an average of 0.15 percent interest. This meant that your interest income was NOK 150. To allow for the increase in interest rates, your 2023 tax deduction card will show that we’ve assumed your interest income to be NOK 1300.
If you had NOK 1 million in the bank in 2021 at an average interest rate of 0.4 percent, your interest income would have been NOK 4,000. To allow for the increase in interest rates, your 2023 tax deduction card will show that we have assumed your interest income to be NOK 34,640.
The invoice you’ve received is for a period, which means it is ¼ of the total advance tax we have calculated for you this year.
If you change the numbers in your tax deduction card, your advance tax will change accordingly. You can see the calculated advance tax in your tax deduction card. After you’ve changed your tax deduction card, you can change the amount in the invoice to ¼ of the new advance tax yourself in your online bank. You’ll not receive a new invoice from us.
If the advance tax is changed to NOK zero in your tax deduction card, you can delete the invoice from your online bank without paying it.
Example – Reducing the advance tax You’ve received an invoice amounting to NOK 25,000 in advance tax. You check your tax deduction card and see that the calculated advance tax for the entire year is NOK 100,000. You also see that your interest income is set too high and adjust it. The new advance tax is now NOK 60,000.
The invoice you’ve already received is for the first period, which is ¼ of the total amount, and is based on the original advance tax.
Since the advance tax has changed, you can also change the amount in your invoice to ¼ of NOK 60,000, which is NOK 15,000.
Tax deduction cards, exemption cards and advance tax
Help to get your taxes right
Useful topics and information about allowances and deductions that will help you make sure your tax return is correct.