Item 3.3.7

3.3.7 Other deductions: Annual fees for VPS account, rental of safe, etc.

Applies to the income year 2020

If you have a VPS account (Norwegian Central Securities Depository/ Verdipapairsentralen ASA) for which you pay an annual fee, you can enter the expense as a deduction under this item. 

Does this item concern me?

If you have a VPS account (Norwegian Central Securities Depository/ Verdipapairsentralen ASA) for which you pay an annual fee, you can enter the expense as a deduction under item 3.3.7.

If you have securities which you keep in a bank safe-deposit box and the securities can generate taxable income, you can enter the rental expenses as a deduction under item 3.3.7. 

How do I enter this in my tax return?

Under this item, you must enter the amount and what it concerns.

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Documentation requirements

If you have entered expenses which exceed NOK 10,000 on an annual basis, you must have paid via a bank in order for the amount to be deductible.

You do not need to send us any documentation for the above deduction, but you must be able to present documentation if we ask for it.

You must be able to present documentation through receipts or bank statements for your expenses relating to the annual fee payable for your VPS account or safe rental.