Item 3.2.18

3.2.18 Premium for own supplementary national insurance for self-employed persons

Applies to the income year 2017

Under this item, you enter the total amount paid in premiums to the National Insurance scheme in order to obtain coverage for loss of income as a result of illness. The amount will not be pre-filled. You must retrieve the amount from your income statement.

Does this item concern me?

The item concerns people who are self-employed and have taken out insurance with the National Insurance scheme to obtain higher coverage for loss of income as a result of illness, that is to say increase of sickness or occupational injury insuranc. The premium entitles you deduction from taxable income.The deduction for the premium must be entered under this item.

Additional coverage for sickness benefit taken out with an insurance company is NOT deductible in either the income statement or the tax return.

How do I enter this in my tax return?

NAV does not report your premium to the Tax Administration, so the amount is not pre-filled in the tax return.

If you are subject to the duty to keep accounting records, your accounts must show what premium you have paid. The premium amount should be entered in Income Statement 1 (RF-1175) under item 2078 (private account). If the amount is to be included as a deductible allowance in the tax return, you must be sure to enter the amount under item 3.2.18

Documentation requirements

You do not need to send us any documentation concerning this, but you must be able to present it upon request.

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