Tax Return software in Norway: A Simple Guide

Filing tax returns in Norway doesn’t have to be a daunting task, thanks to a range of user-friendly tax return software options designed to simplify the process.

Whether you’re a seasoned expat or a local resident new to the tax system, our simple guide to tax return software in Norway will walk you through the best tools available, combining efficiency with ease.

With a pinch of humor and clear guidance, we aim to transform tax season from a time of stress to a straightforward task, as simple as enjoying a Norwegian fjord at sunset.

Let’s dive in!

How To Get Taxes Back In Norway?

In Norway, getting your taxes back usually means getting a tax refund if you paid more in taxes throughout the year than you owed.

You have to file your annual tax return to start the process of receiving a tax refund. Make sure you include all applicable credits and deductions on your tax return when filing.

Verify again that the data on your tax return is correct and comprehensive. Use the Norwegian Tax Administration’s official website to file your tax return electronically.

Through the online portal of the Norwegian Tax Administration, you may monitor the progress of your tax refund if you qualify for one.

Which Tax Return Software Is Best In Norway?

The tax code of Norway is constantly evolving. It is simple to make mistakes that could cost you a sizable sum of money. The most typical deductions and circumstances that could result in an incorrect tax estimate for you are:

Transportation costs
Child care costs
Interest collected on loans, credit card debt, and mortgages
Seaman’s estimate
Contributions to the Norwegian National Insurance Scheme
Remuneration for sick time
Previous domicile in Norway
Taxes paid outside of Norway on income received
Wealth tax and worldwide profits upon becoming a tax resident (in Norway, this requires 183 days of residency)

The complexity of your financial condition and your specific requirements will determine which tax return software in Norway is appropriate for you.

Norway offers several reputable tax return software solutions, each with unique features and advantages. The following are a few well-liked tax return software options to think about:

The Norwegian Tax Administration (Tax-Online )

The Norwegian Tax Administration’s (Skatteetaten) official online tax return software is this one. It’s easy to use and lets people file their tax returns electronically.

Using TAX-On-Web has the benefit of guaranteeing adherence to Norwegian tax regulations and offering assistance at every stage of the procedure. After opening the tax return, you must verify your pay and taxes paid.

Benefits Of Having This Tax System:

Verify that the taxes you paid and the compensation you received are accurate. You can compare the amounts on your tax return and the yearly summary of incomes, deductions, and taxes you receive from your employer.

You can conveniently check the pension or disability benefit you are receiving.

Verify the debt and capital/wealth figures are accurate. These numbers come from the businesses or organizations you own equity in, debt, or money in.

Although it’s not necessarily finished, your tax return is pre-filled. You can claim deductions that aren’t already included in your tax return.

You can get a summary of the most typical costs to deduct from your income by using the online deduction wizard.

You have to make the required adjustments to the tax return you got if any information needs to be included or corrected. For instance, you might have sold stock, purchased a home or vehicle, or entered matrimony.

After filing your tax return, you can make modifications to it. Resubmit the tax return after making the necessary adjustments; remember.

Share Or Print Your Tax Return:

Your tax return can be printed, too. A PDF of your tax return is also available for download, which you can use as proof.

For example, if you would like to print your tax return

Use it to draft your tax return or
give it to another party, such as your bank or the municipality, as documentation.

Before receiving your tax return in Altinn in PDF format. Now, you can access the tax return in PDF format by logging into skatteetaten.no. This software is beneficial for understanding:

Your card for tax deductions
your tax return, your tax assessment, and, if you are enrolled in the optional PAYE (Pay As You Earn) tax plan, your tax receipt when it is available
Methods for settling unpaid taxes and other claims
the account numbers we have set up for you, a summary of my earnings, and my job

Open The Norwegian Tax Administration

Edicom

Norway has announced a new electronic tax declaration. It will take effect in January 2022 and affect all enterprises, domestic and foreign, that generated revenue of at least 50,000 NOK (4,975 €) in the previous fiscal year.

Many businesses operating in Norway have benefited from EDICOM’s expertise as an EDI specialist in meeting their tax reporting requirements.

Using a single electronic platform, EDICOM’s “Tax Compliance Platform” assists clients in meeting their tax requirements. The SAF-T declaration mechanism in Norway is comparable to the VAT declaration.

The customer creates and sends EDICOM several accounting books as part of the VAT reporting. Every two months, EDICOM’s SAAS EDI software may automatically generate the report.

Additionally, the client can download and manually upload the file to the “Altinn” platform.

The EDICOM Tax Compliance Platform adjusts to Norway’s technical and regulatory needs. It is compatible with the ERP system of the business.

It automatically converts data created in the proprietary format of your system to the electronic format required by all tax authorities (XML, UBL, SAF-T, etc.) using maps.

After the message has been verified, safeguards such as an electronic invoice, a time

stamp, and other certificates are applied to ensure its legal worth. The document is now prepared for mailing.

Let’s get started with Edicom 🔥

Eurosoft

In contrast to other tax software, eurosoft acts as a platform that links you with a qualified tax counselor. You can get a pre-calculated tax return offer from a tax professional by submitting your information for free on Eurosoft.

The tax counselor will take care of your tax return if you accept the offer. It will not cost you anything to decline the offer.

Examining the prerequisites for filing taxes

Getting a personal tax identification number to file tax returns
Examining and implementing the Statutory Residence Test (including modifying one’s tax residency)
Non-domestic claims and solutions, such as Greece and Croatia, offer exemptions for digital nomads
Additional allegations relevant to each jurisdiction
Reporting and analysis of share-based benefits, including restricted shares or option income
Requests for foreign tax credits are made to avoid paying double taxes on wages or personal income subject to taxation in another country.
Tax treaty assertions
Filing non-resident tax returns for people who receive income from local sources, such as investments, pensions, earnings from selling assets, or rental income.

Let’s get started with Eurosoft 🔥

Neotax

If your employer paid more taxes than necessary on your behalf, you are entitled to a refund because the extra amount was paid.

Your gross income and total tax paid during your stay in Norway are displayed in your tax return and assessment, which the Norwegian Tax Office prepares.

All foreign workers who must pay income tax must file a tax return. A portion of the taxes you paid may be refunded to you under specific circumstances. Neotax remits taxes from Norway that were overpaid.

Let’s get started with Neotax 🔥

Magnus (Individuals Tax Return)

All individuals employed in Norway or on the Norwegian continental shelf, except for those subject to PAYE Scheme taxes, are required to file a tax return with the Norwegian Tax Administration.

Magnus Tax services include:

The completion and submission of tax returns
Assistance for employees on offshore installations
Support for ship employees
The deduction of seafarers
Taxes on athletes and artists
Assistance for overseas employers
Tax treaty interpretation
The National Insurance Plan of Norway
Expatriation support
One-person business
Employment policies Settlement agreements EU/EEA travel

Let’s get started with Magnus 🔥

BDO For Corporate Income Tax Returns

It has been determined that the new company tax return must be filed online using accounting or yearly accounts software as part of The Tax Administration’s digitalization plan.

Filling out tax return forms in Altinn (an online site used for communication with, among other things, tax authorities) will no longer be an option for company tax returns starting in 2024 for the income year 2023.

This implies that businesses should begin locating a system supplier that meets their demands if they still need to file their corporation tax returns using accounting or annual accounts software.

The business may still file its corporation tax return, but it must use accounting or annual accounts software. Specific self-employed individuals must use accounting or yearly accounts software to file their taxes.

This includes people who have an audit or accounting obligation as well as people who want to deduct their research and development project-related costs from their taxes.

Most businesses currently use accounting or yearly accounts software to file their corporation tax returns, either internally or with the help of an outside accountant or advisor.

Since the software providers will make the required modifications, these organizations won’t be significantly impacted by the switch to the new submission method; yet, some minor adjustments must still be anticipated.

With the new digital solution, BDO assists new and current clients with tax reporting. We work well with software suppliers and stay current with data from the Norwegian Tax Administration.

Let’s get started with BDO 🔥

Tripletex

In Norway, Tripletex is yet another well-known supplier of tax and accounting software. It provides small and medium-sized enterprises with a complete solution, which includes preparing tax returns.

Let’s get started with Tripletex 🔥

Conclusion:

With the right software in hand, navigating the Norwegian tax system can be as smooth as gliding through the serene waters of a Norwegian fjord.

You’re now equipped with the knowledge to choose the best tax return software for your needs in Norway, ensuring your tax filing is accurate, efficient, and stress–free. Embrace the simplicity and technology at your fingertips, and make tax time a breeze. Here’s to a hassle-free tax season.

Happy filing!

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