TAX RETURN 2013 Guidelines to the individual items

Transcription

1 TAX RETURN 2013 Guidelines to the individual items Check all the information and deductions in your tax return Final date for submission 30 April 2014 No changes? You do not have to submit a tax return If there are any changes, you must submit a tax return online skatteetaten.no ENGLISH

2 skatteetaten.no skatteetaten.no skatteetaten.no skatteetaten.no Contents: Items in the tax return 2 Topics 19 Important forms 43 Index 44 Tax rates, etc. 47 Items that are not pre-completed If employers, banks, etc. have not submitted information to the Tax Administration on time, the amounts concerned will not be pre-completed in the tax return. You must enter these amounts in the tax return yourself. If there is no separate item for an amount that is missing, enter the amount in the field «Any amounts that have not been pre-completed must be entered here». The expression «the amount must be entered in item» Your tax return on paper Here, «enter in item» means that you correct the amount by deleting the amount in a pre-completed item and enter the correct amount. If the amount is not pre-completed, enter the number of the item, text and amount. If there is no separate item in the tax return for non-pre-completed amounts, enter the amount in the field «Any amounts that have not been pre-completed must be entered here». Electronic tax return In this case, «enter in item» means that you find the item concerned in the main overview and correct a pre-completed item with the correct amount or enter the amount that is missing. When you submit your tax return online, you will find all the forms that form an integral part of the tax return under the selected number of the item or under the attachments tab. The amount will automatically be transferred from the form/attachment to the appropriate item in the tax return. For more information, see: Start help for wage earners and pensioners, skatteetaten.no/starthjelp Start help for self-employed persons, skatteetaten.no/starthjelp-naering Leveringsfrist: 30. april 2014 Final date of submission 30. april 2014 SELVANGIVELSEN 2013 Rettledning for personer bosatt i utlandet som mottar pensjon fra Norge TAX RETURN 2013 TAX RETURN 2013 Guidelines for persons resident abroad who receive pension from Norway No changes? No submission! Check all information and deductions Need to make changes? Submit your tax return online BOKMÅL/ENGLISH For wage earners and pensioners Start help for wage earners and pensioners Final date of submission 30 April 2014 SELVANGIVELSEN 2013 Rettledning for utenlandske arbeidstakere og selvstendige næringsdrivende TAX RETURN 2013 Guidelines for foreign employees and self-employed persons Information for foreign wage earners staying in Norway Guidelines: Guidelines for foreign employees and self-employed persons Information: Information for foreign employees: Tax Return 2013 Information for foreign employees: Deductions for commuters Information for foreign employees: Standard deduction skatteetaten.no/selvangivelse-utenlandsk ENGLISH BOKMÅL/ENGLISH Information for persons resident abroad who receive a pension from Norway Guidelines for persons resident abroad who receive pension from Norway Start helps, guidelines and brochures can be found at skatteetaten.no Leveringsfrist 30. april 2014 Final date of submission 30. april 2014 Simple electronic submission TAX RETURN 2013 Start help for self-employed persons etc. Tax return for self-employed persons is mandatory Submission deadlines: 30 April (paper) and 31 May (electronic) ENGLISH For self-employed persons 1.3 Cohabitants Enter or delete the cohabitant's national ID number in the item if your cohabitation status has changed. Cohabitants with joint children should insert a cross in Item Cohabitants with joint assets/debt should insert a cross in Item For information about the tax assessment of children and cohabitants, see «Parents and children», «Spouses, registered partners and spouse-equivalent cohabitants» and «Cohabitants». 1.5 Other information Young people s housing saving (BSU) scheme The tax deduction is granted on the basis of information submitted by the bank. If no informa tion has been provided, you must contact the bank. If you are claiming a tax deduction for savings amounts deposited in another EEA state, separate rules apply to documentation. See more about this at skatteetaten.no Lottery and betting winnings etc. Winnings from the following types of games of chance and lotteries are exempt from tax: games organised by Norsk Tipping AS, e.g. Lotto, Viking Lotto, Tipping and Oddsen totalisator betting covered by the Totalisator Act (Rikstoto) lotteries pursuant to the Lottery Act, including scratchcards and bingo games of chance and lotteries in another EEA state corresponding to games or lotteries which are legal in Norway and which are subject to official supervision and control in the home country. initiatives organised by the mass media that are open to the public. If your tax-exempt winnings in 2013 totalled NOK 100,000 or more, you must enclose confirmation from the party or parties who paid you the winnings. Here, you cannot choose not to submit a tax return. Winnings other than those mentioned above are liable to tax if the value of each individual win exceeds NOK 10,000 before the deduction of expenses. The taxable profit must be entered under Item Expenses (stakes) 2 Tax Return 2013 Guidelines to the individual items

3 TOPICS that are directly related to the taxable winnings must be entered under item The tax exemption for winnings from games of chance and competitions does not apply if the winnings are deemed to be remuneration for work or business activity Inheritance and gifts Inheritance and gifts are not taxable income for the recipient, but the amount must be declared if the total value is NOK 100,000 or more. Gifts from an employer and from others when the gift has a less direct connection to the employment relationship are as a rule not gifts in the tax law sense, but are regarded as pay. State the name, address and date of birth of the person from whom the inheritance or gift comes, and what the inheritance or gift consists of. If you have taken over a deceased person s estate for private division, you must submit RF-1615E «Form for reporting inheritance» to the Tax Administration within six months of the death; see RF-1621E «Guidelines to the form for reporting an inheritance», Skatteetaten.no/arv. For gifts that are liable to inheritance tax, you must submit «Form for reporting gifts, gift sales, transfers between close relatives and the distribution of assets from undivided estates» (RF-1616), if the gift is not covered by the annual tax-free allowance for inheritance tax. The tax-free allowance means that gifts worth up to half the National Insurance basic amount (G) at the start of the year may be exempt from inheritance tax. For 2013, the tax-free amount is NOK 41,061. See «Guidelines to the form for reporting gifts, gift sales, transfers between close relatives and the distribution of assets from undivided estates» (RF-1617E) and the brochure «Avgift på arv og gaver» (Tax on inheritance and gifts in Norwegian only) for further information. Form RF-1616 must be submitted within a month of the gift being given. If you have submitted the form to the Tax Administration previously, you do not need to send a copy of the form. You will find the forms and brochure at skatteetaten.no/arv Income, capital and/or debts abroad You must declare all income, capital and debts abroad in your tax return. This applies even if the capital or income is not taxable in Norway. Tick «Yes» if you have: income abroad capital abroad, e.g. real property, a timeshare flat, household contents and moveable property, bank deposits, shares or bonds debts abroad Information about foreign bank deposits etc. must be provided on form RF-1231E «Deposits in foreign banks». If you became the owner of real property abroad during 2013, you must provide information about the type of property (holiday home, plot of land etc.), the country in which it is situated, when it was purchased (date), the purchase price and, if available, its sales value. Enter this information under Item You must declare taxable income, capital and debts abroad under the relevant items in the tax return. If you are claiming a deduction from your assessed tax for tax paid abroad (credit), you must complete form RF-1147E «Deduction for tax paid abroad by a person (credit)». If you are claiming a deduction from your income, enter the information under Item If you are claiming a deduction from your income or from assessed tax for tax you have paid abroad, the payment must be documented. If you believe that your income or capital is not liable to tax in Norway, you must state your income and capital and explain why they are not liable to tax. In the online solution, you should enter this information under Item If you have paid tax abroad on the income or capital, you should indicate this. If you have income that is taxed in another Nordic country, you must complete form RF-1150 «Nedsetting av inntektsskatt på lønn» (Reduction in income tax on wages in Norwegian only). The same applies if you are claiming a reduction in tax for the part of the tax levied on wages earned abroad (pursuant to the one-year rule) or you have wage earnings that are exempt from taxation pursuant to a tax treaty. Capital in the form of real property abroad and income from or a gain on the sale of such property are, in principle, liable to tax in Norway. Capital in the form of real property abroad and income from or a gain on the sale of such property is, in principle, liable to tax in Norway. If you have real property or are engaged in or take part in business activities abroad, you will not be granted the full deduction for interest on debt in Norway if the income from the real property or business activity is exempt from tax in Norway. Nor will you be entitled to the full deduction for debt if your capital in the form of real property or business activity is exempt from tax in Norway. If you own a house/apartment/ holiday home in Belgium, Bulgaria, Croatia, Germany, Italy or Malta, you will still receive the full deduction for the debt and interest on the debt. If you have claimed deductions for debt and/or interest on debt in the country in which the house/apartment/holiday home is situated, you will not be entitled to a deduction for the amounts concerned in Norway. You must therefore state which deductions you have claimed in the country in which the property is situated. In the online solution, you should enter this information under Item Pay and equivalent benefits Pay etc. Here, you enter pay, fees and other remuneration from your employer. This includes benefits in kind, i.e. benefits in forms other than money. Benefits in kind that must be entered under this item include the benefit of free use of a car, air miles, wholly or partially free accommodation and free work clothes. Any gain on the exercising or sale of an option you have received in an employment relationship will also be taxed as pay and entered under Item The benefit of a low-interest loan from your employer is taxed as pay. The benefit of the low-interest loan is normally pre-completed. The benefit of the low-interest loan and the interest you have paid are deducted under Item Concerning the valuation of benefits in kind, see «Benefits in kind valuation» on page 34. There, you will also be able to read about free board for offshore workers. The free use of a car is described under «Cars» on page 20. In the case of persons classified as wage earners, any pay from labour market schemes etc., sick pay, parental support, work assessment allowance, qualification benefit pursuant to the Social Services Act and unemployment benefit is also liable to tax. The same applies to any remuneration you have received as member of a board, representative body, committee, council etc. Remember to declare all taxable income not pre-completed in your tax return. Remember to enter all taxable income that has not been precompleted and to check that all the deductions have been included. Pay of up to NOK 1,000 from an individual employer or client is tax-free. For work in a client s home/holiday home, the limit is NOK 4,000. If the employer or client is a tax-exempt organisation, the payment will be tax-exempt if it does not exceed NOK 4,000. Please note that there is no tax-exempt allowance for business income. If you have received income from employment abroad, see «Information for people who have income or capital abroad» at skatteetaten.no Income giving entitlement to a seafarers allowance Income giving entitlement to the seafarers allowance has been pre-completed in your tax return. If that is not the case, you must enter the income under this item. Income from work on board ships in service entitles you to a seafarers allowance, X.X.X 1.3 X.X.X 1.5 X.X.X X.X.X X.X.X X.X.X X.X.X 2.1 X.X.X

4 provided that this work is your main occupation and that you have spent at least 130 days on this work during the income year. Any remuneration paid to a seafarer through an employer, including tips, will be considered income on board. Any profit that the seafarer has made from sales activities on board is also deemed to be income on board. The same applies to sick pay, wages and equivalent benefits during periods of illness or injury which take the place of such income on board, and to certain benefits in kind. For more information about the seafarers allowance, see Item on page 11. Rental income which confers a right to claim the allowance for fishermen should be entered under Item The deduction must be entered under Item Income from child care in the childminder s own home Income (remuneration) for minding other people s children in your own home is business income, but it will be treated as income from employment when children are: 11 years old or younger at the end of the income year (born in 2002 or later), or 12 years old or older and have special care or nursing needs. The parents should normally divide the gross income into an expense allowance and employment income (pay). If the expense allowance amounts to 50 percent or less of your total gross remuneration for the year for each child and NOK 1,057 or less per month for each child, it is deemed not to yield a surplus. Only remuneration for work should then be entered in the tax return. Remuneration for work is included in the basis for calculating the minimum standard deduction. The stipulated expense allowance is a standard deduction. Instead of the standard deduction, you can choose to deduct actual expenses incurred in connection with the childminding, provided that the standard deduction was not chosen for the previous year. If you have chosen to use the standard deduction, you are bound by this choice for five years provided that there is no significant change in your circumstances. For information about deductions for actual expenses, see the brochure «Skatteregler ved barnepass for foreldre, dagmammaer og praktikanter/au pair» (Tax rules relating to childminding for parents, childminders and nannies/au pairs in Norwegian only). The brochure is available at skatteetaten.no or from tax offices. If you run a child day care centre in your own home, you must enter your income and expenses in an income statement (form RF-1175 or RF-1167), and transfer the business income from Item 0402 in the income statement to Item in your tax return. You must enter your calculated personal income under Item Business income/deficits from a child day care centre outside your own home must be entered under Items and respectively. For information about family day care centres, see the brochure «Familiebarnehager og skatt» (Day care centres for children in private homes and tax in Norwegian only) at skatteetaten.no. Any sickness benefit that replaces income from childminding in your own home has been pre-completed Surpluses from expense allowances Expense allowances are payments intended to cover expenses incurred in the performance of your work, assignments or office, e.g. board, travel and car expenses. If an allowance is greater than the actual expenses incurred, the surplus is taxable and must be declared under Item The Certificate of Pay and Tax Deducted will normally state the type of allowance concerned. For the calculation of surpluses and deficits, see «Expense allowances» on page 42. Allowances that cover private expenses are normally liable to tax in full, e.g. allowances for travel expenses for travel between the home and a permanent place of work. For information about liability to tax on an employer s coverage of expenses for board and lodging and home visits abroad for foreign employees working in Norway, see «Guidelines for foreign employees and self-employed persons» at skatteetaten.no/selvangivelse-utenlandsk. Allowances self-employed persons grant themselves in connection with their business activities are deemed to be business income and are not deemed to be expense allowances. If a self-employed person receives an expense allowance as part of paid employment, the allowance will be treated in the same way as for other wage earners Other income from work Here, you must declare other earnings that are not business income, e.g. sales income and remuneration for craft or handicraft work in the home. Sales income should be declared after deducting the cost of materials. Gross income from the sale of garden or natural produce which is not business income, e.g. from the sale of berries, fungi and fish, is only liable to tax for amounts exceeding NOK 4,000 per income year. Any income in excess of this amount must be declared in your tax return. You must declare any amounts not pre-completed in your tax return. 2.2 Pensions, employmentrelated annuities etc. If you have received pension back-payments from the National Insurance scheme or from others (code 225 in the Certificate of Pay and Tax Deducted), the whole amount will be taxed in the year it was paid. The Tax Administration will ensure that the tax will not be higher than it would have been if the pension had been taxed in the year or years to which the back payment relates Own pension from the National Insurance scheme The pre-completed amounts in ItemS to are specified in the Certificate of Pension Income and Tax Deducted from the Norwegian Labour and Welfare Service (NAV) Own pension etc. from a pension scheme other than the National Insurance scheme, including pensions from abroad This item includes payments from various Norwegian pension schemes: occupational pension, early-retirement pension (AFP), employment-related pension, introductory benefit, benefit pursuant to the Act relating to supplementary benefits for persons who have only lived in Norway for a short period, benefits derived from surrendered property (right of occupancy etc.) in agriculture and forestry. The item also includes pensions from abroad etc. that are liable to tax in Norway and that are not to be entered under Item One-off payments that replace the right to such benefits must also be entered here. Payments from individual pension agreements/individual pension schemes (IPA/IPS) must also be entered under this item. The same applies to taxable payments from employment-related annuities (group annuities) established before 1 January Taxable payments from employment-related annuities (group annuities) established before 1 January 2007 must be entered under Item See «Life insurance» on page 31 for information about annuities taken out as continuation insurance and annuities taken out in accordance with the Act relating to individual pension schemes. If you have received benefits in 2013 that are not pre-completed in your tax return, you must declare them. If you receive a pension that is taxed in another country, you can claim a deduction in your assessed tax for tax paid in the other country (credit). You must document such payment and fill in form RF-1147E «Deduction for tax paid abroad by a person (credit)». For pensions from another EEA state that correspond to the old-age pension from the National Insurance scheme and early-retirement pension (AFP) in Norway, see Item See also «Information for people who have income or capital abroad» at skatteetaten.no. 4 Tax Return 2013 Guidelines to the individual items

5 Pensions from another EEA state that correspond to the old-age pension from the National Insurance scheme and earlyretirement pension (AFP) in Norway Here, you enter pension from another EEA state that corresponds to old-age pension from the National Insurance scheme and early-retirement pension (AFP) that is taxable in Norway. You must also state the period, retirement percentage, the type of pension and from which country it is paid. «Corresponding pension» means a pension from general, mandatory pension schemes that include all inhabitants of the country in question. If you are the recipient of a corresponding pension from another EEA state, you can claim a tax deduction on this basis. For information about the conditions for tax deductions, see «Tax deduction for pension income and tax limitation on low general income» on page 36. Pensions from other EEA states which do not meet the conditions for tax deduction must be entered under Item Supplementary benefit for spouse Taxable supplementary benefits for spouses from the National Insurance scheme and private pension schemes are specified under code 219 in the Certificate of Pay and Tax Deducted. Supplementary benefit for spouses from the National Insurance scheme that is paid to recipients of old-age pensions and early-retirement pensions (AFP) is tax-free when the effective date for the supplementary benefit is before 1 January Tax-free supplementary benefits for spouses are listed under code 242 in your Certificate of Pay and Tax Deducted Tax-free pension from abroad Here, you enter pension income from foreign pension schemes that are not liable to tax in Norway. You must state the type of pension, the amount and the country from which it is paid. Tax-free pensions have a bearing on the calculation of the tax deduction for pension income. The pension is included in the total pension income; see «Tax deduction for pension income and tax limitation on low general income» on page Children s income from employment Children aged 12 years or younger Children born in 2001 or later are not required to submit a tax return. For these children, pay of NOK 10,000 or less is tax-free. Any amount in excess of this is taxable. If the parents live together, the amount is split equally between them in their pre-completed tax returns. The parents may choose a different allocation. If the parents do not live together, the child is assessed together with the parent with whom the child is registered as living in the Population Register. If this parent is married, see «Parents and children» on page Maintenance, annuities, 2.7 Business income/income children s pensions etc. from self-employment Taxable maintenance payments received Regular maintenance payments from separated or former spouses are liable to tax. Note that only maintenance payments from separated or former spouses disbursed through a public agency have been pre-completed in the tax return. Maintenance payments paid as lump sums are not liable to tax. Child maintenance payments, special grants pursuant to the Children Act, foster home payments pursuant to the Act relating to child welfare, and advance child maintenance payments paid by NAV pursuant to the Act relating to advance payment are not liable to tax Other income Here, you enter taxable payments from non employment-related annuities (individual annuities), taxable payments from employmentrelated annuities (group annuities) established on or after 1 January 2007, income derived from surrendered property (right of occupancy etc.) outside agriculture and forestry (e.g. free housing and other benefits in kind), payments from bequests and other taxable regular benefits. The taxable part of annuities from Norwegian life insurance companies is specified in the statement you receive from the company. See «Life insurance» on page 31 for information about annuities taken out as continuation insurance and annuities taken out in accordance with the Act relating to individual pension schemes. For information concerning annuities in foreign companies, see «Life insurance» on page 31. Taxable payments from employment-related annuities (group annuities) established before 1 January 2007 must be entered under Item Taxable back payment of wages and pension after death (listed under code 214 in the Certificate of Pay and Tax Deducted) must be entered under Item Only the amount that exceeds one and a half times the basic amount (G) in the National Insurance scheme at the time of death is liable to tax. Until 1 May 2013, one and a half times the basic amount was NOK 123,183, while from 1 May 2013 it was NOK 127, Children s pension Here you must declare any pensions for children who are 16 years old or younger (born in 1997 or later). Pre-completed amounts have been transferred from codes 220 and 228 in the child s Certificate of Pay and Tax Deducted. Child benefit and the cash support (both government and municipal) for care of own children in the home are tax-exempt and shall not be declared in the tax return. Self-employed persons engaged in business will usually receive the «Tax return for selfemployed persons etc.». If you have received the «Tax return for self-employed persons etc.», you must submit it either online or on paper. You must submit a tax return even if you did not receive any income during 2013 and even if the business ceased trading in If you started commercial activity during 2013 and have received the form «Tax return for wage earners and pensioners etc.», the reason is that the Tax Administration has not been informed that you have started a business. You can submit a tax return that you have received with the mandatory forms online via skatteetaten.no; see below. Self-employed persons etc. who have gross business income that does not exceed NOK 50,000 will not normally be required to submit an income statement; see «Start help for self-employed people etc.» part 2. How to submit your tax return online: 1. Log on via skatteetaten.no. You will see that form RF-1030E «Tax return for wage earners and pensioners etc.» is available under «My message box» «For processing». 2. Under the menu item «Forms and services», open form RF-1030E «Tax return for selfemployed persons etc.». When you open the tax return for self-employed persons, you will be asked which income statement you wish to submit together with the tax return. The income statements are described in «Start help for self-employed persons etc.». You will see that the pre-completed amounts in the «Tax return for self-employed persons etc.» are the same as those found in the «Tax return for wage earners and pensioners etc.», which was sent to you. As a self-employed person, you may need «Start help for self-employed persons etc.». These guidelines can be downloaded from skatteetaten.no/starthjelp-naering or obtained from the tax office. 2.8 Income from housing and other real property Taxable income from housing or other real property in Norway and abroad must be entered under ItemS and The benefit of living in your own house/apartment is exempt from tax. Income from letting your own house/apartment is exempt from tax if you use at least half the house yourself. You can also let the whole house or a large part of it for up to NOK 20,000 per year tax-free. For more information about letting a house/ apartment, see «Housing and other real property» on page 22. X.X.X X.X.X X.X.X X.X.X 2.2 X.X.X X.X.X X.X.X X.X.X

6 2.8.1 The owner's share of income from unit in a housing cooperative/jointly-owned housing property Here, you enter taxable income from units in housing cooperatives/jointly owned housing properties. The amount is specified in the statement from the housing cooperative or jointly-owned property. Owners of units in a housing cooperative/jointly-owned housing property who have not received a statement can obtain the required information from the board of the cooperative/property or its accountant. If you let a house/apartment in a housing cooperative (housing association or limited liability housing company) or jointly-owned property and the house/apartment is subject to accounts-based tax assessment as a result, your share of the cooperative/property s income should not be entered here. Any pre-completed amount is taken from the statement submitted by the housing cooperative/ jointly-owned property. If you let the house/ apartment and the rental income is taxable, see «Housing and other real property» on page 22. Any pre-completed amount must be deleted and entered in form RF-1189E «Letting etc. of real property». Any profit transferred from form RF-1189E is entered under Item or Item (properties abroad). Any loss is entered under Item Net income from the letting of real property etc. outside the context of a business Here, you must declare net income from the form «Letting etc. of real property» (form RF-1189E). Any loss is entered under Item See also «Housing and other real property» on page 22. In the online tax return, you will find form RF-1089 in connection with Item or in the attachment summary. When the amount is completed, it will automatically be transferred to the correct item Taxable income from letting holiday homes You do not pay tax on the use of a holiday home that you own yourself. If you let a holiday home you own and that you use yourself, up to NOK 10,000 of the income from letting is tax-free. If the income from letting is higher, 85 percent of the income in excess of NOK 10,000 is liable to tax; use form RF skatteetaten.no/skjema. See the example under «Housing and other real property» on page 22. If you do not use the holiday home yourself, but only let it, all the rental income is taxable. In such cases, the property is subject to accounts-based tax assessment, see Item Taxable gains on the realisation (sale etc.) of housing, land and other real property A gain on the sale of a house or apartment is tax-free if you: have owned the house/apartment for more than a year, and you have used it as your own home for at least one of the last two years preceding the sale. A gain on the sale of a holiday home is tax-free if you: have owned the holiday home for more than five years, and you have used it as your own holiday home for at least five of the last eight years preceding the sale. If the conditions for tax exemption are fulfilled, you will not be permitted to deduct any loss. Gains/losses on the sale of land are taxable/ deductible regardless of how long you have owned the land. Any gain/loss on the sale of a farm is generally taxable/deductible. See also «Housing and other real property» on page Income from real property abroad Here, you enter taxable income from real property abroad. State the country in which the property is situated. If you let a holiday home you own and that you use yourself, up to NOK 10,000 of the income from letting is tax-free. If the income from letting is higher, 85 percent of the income in excess of NOK 10,000 is liable to tax. Income from other real property abroad must be entered on the form «Letting, etc. of real property» (RF-1189). Any gain from letting must be entered under this item. Any loss must be entered under Item See «Real property abroad» on page 27 and skatteetaten.no. 3.1 Capital income and other income See «Parents and children» on page 29 for information about children s capital income, including lump-sum compensation for personal injuries to children and lump-sum compensation for loss of a provider Interest income on bank deposits etc. Here, you enter interest income on: deposits in banks in Norway savings in Norwegian cooperative building associations deposits in organised savings associations in Norway deposits in the guardian authority's account loans and savings in Norwegian cooperative societies and consumer associations. If you own bank deposits together with others, the bank will have attributed the whole interest income to one of the owners. The owners must therefore divide the interest income between themselves in proportion to their holdings. Married couples may choose a different allocation. Interest on bank deposits abroad must be entered under Item Other interest income This item includes interest income on: outstanding claims in Norway deposits from house tenants in Norway mortgage bonds in Norway yield on index-linked bonds and bank savings with an equity-indexed yield other Norwegian debt certificates obligatory loan deposits in Norwegian cooperative enterprises etc. yield from bond funds and money market funds Please note that profit from the redemption of index-linked bonds is taxable when the savings arrangement is part of business activities or concerns a multiple debt instrument. Such profit is not pre-completed, and you must enter it yourself. The profit is the difference between the amount received on redemption and the price you paid for the bond including fees (subscription fee and interruption fee, if any). Interest on overdue payment of wages, pensions, holiday pay, etc. must be entered under Item Interest reimbursement in connection with the repayment of tax is not taxable and should not be entered in the tax return. Interest on outstanding claims abroad etc. should be entered under Item Interest on loans to companies that is subject to extra tax (RF-1070) Interest income on loans furnished by personal taxpayers to limited liability companies, public limited liability companies, equivalent companies and collective investments, corresponding foreign companies and businesses assessed as partnerships is in some cases liable to extra tax (see the calculation below). The extra tax is payable in addition to ordinary tax on interest income (in addition to tax on interest income that is entered in Item and Item ). The amount to be entered in is the actual accrued interest after tax that is in excess of a calculated deductible risk-free return. The interest income will be calculated for each month in accordance with the following formula: Actual accrued interest - Actual accrued interest x tax rate for general income (for information about rates, see page 47) - Risk-free return (balance of loan x risk-free interest rate, see below = Interest income liable to extra tax The balance of the loan is defined as the balance at the start of the month. If a loan is taken up during a calendar month, the balance of the loan on the borrowing date will apply. If a debt instrument is issued at a discount, the balance of the loan will be calculated on the basis of the issue price. 6 Tax Return 2013 Guidelines to the individual items

7 If you have furnished several loans to the same company, the loans will be dealt with together. If you have furnished loans to several companies, the interest income will be calculated for each company. For 2013, the risk-free interest rate has been stipulated at 1.1 percent for all months in the year. If you submit your tax return online, you can use auxiliary form RF-1070 to calculate interest income that will be subject to extra tax. The calculation will then take place automatically when you enter the balance of the loan and the accrued interest for each month. You will also find a corresponding calculation aid at skatteetaten.no Yield from endowment insurance Here, you declare the yield earned in 2012 on the savings part of endowment insurance with guaranteed yield. You will find the amount in the statement from the insurance company. Here, you also enter taxable yield paid during 2013 from endowment insurance with investment options without guaranteed yield (unit-linked insurance). You will find this amount in the annual statement if the insurance has been taken out with a Norwegian insurance company. Any taxable yield from endowment insurance with or without guaranteed yield taken out with companies outside Norway must be entered under Item See «Life insurance» on page 31 and skatteetaten.no Taxable share dividend etc. (RF-1088) This item should be pre-completed with share dividends from Norwegian limited liability companies and foreign companies listed on Oslo Stock Exchange, and for which you have received form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only). The same applies to interest on equity certificates. RF-1088 is based on information that the companies, the Norwegian Central Securities Depository (VPS) and you have submitted to the Tax Administration. You must check this statement before completing your tax return. If you make changes to the statement, you must submit it by the deadline for submitting your tax return. See «Shares etc.» on page 19 and skatteetaten.no/aksjer. If the amount in RF-1088 is incorrect or it says «ukjent» (unknown), you must correct the figures that are incorrect or missing and declare the correct taxable gain in Item of the tax return. If you change the amount in Item of the tax return, you must submit the tax return. You should also contact the company and notify it of the error. The guidelines to RF-1088 contain more information about how taxable dividend is calculated and some example calculations. If you discover an error in form RF-1088, you can get help to calculate the correct taxable gain if you submit RF-1088K at altinn.no. You will receive an updated statement within three or four days. The updated version can be used when completing your tax return. If you have shares or equity certificates and have not received form RF-1088, enter the share dividend/interest under Item See «Shares etc.» on page 19 and skatteetaten.no/aksjer Taxable yield from units in unit trusts The item contains pre-completed amounts based on information submitted to the Tax Administration by the management companies. It comprises dividends on units in Norwegian unit trusts and certain foreign unit trusts. In the case of units in unit trusts which you owned on 31 December 2013, it is the dividend after the deduction of any risk-free return that is liable to tax and that is entered under this item. If you have received any dividend on units in foreign unit trusts that is not pre-completed under this item, you must fill in and attach form RF-1059 «Aksje og fondsandeler mv.» (Shares and units in funds etc. in Norwegian only) on paper. You will find this form at skatteetaten.no or altinn.no. The form can also be obtained from a tax office. If you submit your tax return online, you will find the form next to the item or in the attachment overview. The dividend from the completed RF-1059 must be declared under Item In such cases, you cannot opt not to submit a tax return. See «Shares etc.» on page 19 and skatteetaten.no/aksjer. Any yield from units in Norwegian bond and money market funds must be entered under Item Taxable dividend not declared under items or Other taxable share dividends etc. (RF-1059) Under this item, you should enter other taxable share dividends, etc. that are not declared under ItemS or You should also enter dividends from foreign companies that are not listed on Oslo Stock Exchange. Dividends from Norwegian and foreign unit trusts that have not been pre-completed should also be entered under You can calculate taxable dividends and any deduction for risk-free return in the form RF-1059 «Shares and units etc.» (The deduction for risk-free return reduces the tax payable on your dividends received). See guidelines RF-1072 for information about the rules and how to complete the form. RF-1059 must be submitted together with the tax return. You will find this form at skatteetaten.no or altinn.no. The form can also be obtained from a tax office. Other taxable share dividends etc. (where RF-1088 or RF-1059 is not to be submitted) If you own shares for which you should have submitted form RF-1059, you do not have to submit RF-1059 if you: are not claiming a deduction for the risk-free return, or enclose a calculation showing the taxable dividend. For more information on share taxation and share forms, see the topic «Shares etc.» on page 19 and skatteetaten.no/aksjer Taxable gains on the sale of shares etc. (RF-1088) This item should be pre-completed with the net gain from shares in Norwegian limited liability companies and foreign companies listed on Oslo Børs, and for which you have received form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only). The same applies to equity certificates. RF-1088 is based on information that the companies, the Norwegian Central Securities Depository (VPS) and you have submitted to the Tax Administration. You must check this statement before completing your tax return. If you make changes to the statement, you must submit it by the deadline for submitting your tax return. See «Shares etc.» on page 19. If the amount in RF-1088 is incorrect or it says «ukjent» (unknown), you must correct the figures that are incorrect or missing and declare the correct taxable gain in Item of the tax return. If you change the amount in Item of the tax return, you must submit the tax return. You cannot make use of the submission exemption arrangement. If you discover an error in form RF-1088, you can get help to calculate the correct taxable gain if you submit RF-1088K at altinn.no. You will receive an updated statement within three or four days. If the updated version shows a changed taxable amount, you must enter this amount in your tax return. The guidelines to RF-1088 contain more information about how taxable gain is calculated and some example calculations. If you own shares or equity certificates and have not received form RF-1088, enter the net gain from shares under Item and complete form RF For more information on share taxation and share forms, see the topic «Shares etc.» on page 19 and skatteetaten.no/aksjer. X.X.X X.X.X X.X.X X.X.X X.X.X X.X.X 3.1 X.X.X X.X.X

8 3.1.9 Taxable gains on the sale of units in securities funds This item covers taxable gain on the redemption, sale or other form of realisation of units in securities funds (e.g. unit trusts, bond or money market funds, combination funds etc.). Unit holders in Norwegian and some foreign securities funds that have realised units in 2013 will receive a realisation statement from the management company or the Norwegian Central Securities Depository (VPS). The realisation statement contains information about the taxable gain/deductible loss. The total taxable gain will be pre-completed under this item if the management company or the Norwegian Central Securities Depository has reported the amount to the Tax Administration. You must check the amounts and correct any errors. If the gain has not been pre-completed in your tax return, enter it yourself under Item Gains/losses on the realisation of units in most foreign securities funds are not pre-completed. You must then fill in and submit form RF-1059 «Aksjer og fondsandeler mv.» (Shares and units in funds etc. in Norwegian only) and enter any gain under Item and any loss under Item You will find this form at skatteetaten.no/skjema or altinn.no. This form can also be obtained from the Tax Administration Taxable gains on the sale of shares etc. (RF-1059) Here, you enter taxable gains on shares etc. other than those entered under ItemS or 3.1.9, including: shares/equity certificates in Norwegian and foreign companies for which you have not received form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only) (This also applies to gains on shares in companies that were dissolved during 2013.) units in foreign securities funds from which the gain has not been included in the pre-completed amount in Item bonds. On the realisation of shares in foreign companies or shares/equity certificates in Norwegian companies for which you have not received RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only), you must complete and submit form RF-1059 «Aksjer og fondsandeler mv.» (Shares and units in funds etc. in Norwegian only). For information on how to calculate gains, see the guidelines (RF-1072) and skatteetaten.no/aksjer. There is no separate form for gains on the sale of bonds and other financial instruments. On request, you must be able to submit docu-mentation and a calculation of gains from the sale of bonds and other financial instruments. For more information on share taxation and share forms, see the topic «Shares etc.» on page 19 and skatteetaten.no/aksjer Income from abroad Here, you enter all income from abroad that is liable to tax in Norway and that is not to be entered under other items. This applies to, among other things, interest on foreign bank deposits, bearer bonds, units in foreign bond funds and outstanding claims against foreign debtors. Income from holdings in foreign companies that is not business income must also be declared here. Any gain on the sale or other realisation of real property abroad must be entered here if the gain is liable to tax in Norway. See «Real property abroad» on page 27. Specification of deposits and interest in foreign banks and BSU savings (young people's housing savings) in another EEA state must be entered on the form «Bank deposits abroad» (RF-1231), skatteetaten.no/skjema. Any taxable annual yield from endowment insurance taken out in another EEA member state is also entered here. Taxable yield in connection with the disbursement of endowment insurance with an investment option without guaranteed yield (unit-linked insurance) from companies in another EEA state must also be entered here. The Tax Administration may ask for documentation. For more information about the calculation of such yield, see «Life insurance» on page 31. For information about special rules concerning life insurance (endowment insurance) taken out with a company in another EEA state before 1 January 2004, see «Life insurance» on page 31. If you have taken out a life insurance policy (endowment insurance) with or without guaranteed yield with an insurance company outside the EEA area, you must enter the whole amount disbursed here (only applies to contracts entered into after 1 January 1986). Income from real property abroad must be entered under Item Taxable income from employment must be entered under Item See also «Information for people who have income or capital abroad» at skatteetaten.no Other income Here, you enter all other taxable income in Norway not included under the items above, including: taxable winnings (for information about tax-free winnings, see Item 1.5.2) and finder s fees any gain on the sale (realisation), lapsing and exercising of non employment-related options and gain on the sale (realisation) of other securities any discount received in connection with the payment of fixed-interest loans before the due date currency gains - gains from the realisation of bitcoins interest on overdue payment of wages, pensions, holiday pay etc. the taking to income of a negative balance or positive profit and loss account interest for which you were granted a deduction in 2012 and which fell due for payment in 2013 without being paid, see Item If the interest is paid later, it will be deducted from income in the year in which it is paid. The above does not apply to interest expenses relating to selfemployment/business activities. calculated gains on shares and holdings in companies etc. on the cessation of tax liability as a resident in 2013 the benefit of free use of other people s assets (not work-related or businessrelated use). For more information on currency gains and losses, see the article «Currency gains and losses in foreign currency»; see skatteetaten.no. Income linked to commercial activity must be declared in the income statement if you are obliged to submit such a statement. 8 Tax Return 2013 Guidelines to the individual items

9 Deduction items Remember that in the case of payments of NOK 10,000 or more, it is a condition for deduction that the payment is made via a bank. If you pay in cash, there will therefore be no right of deduction if the payment amounts to NOK 10,000 or more. If you claim a deduction for ongoing payments, e.g. house rent for commuters, the amount limit is determined in relation to the total payment for the year as a whole. To ensure that you do not lose the right to a deduction, it is therefore important that you pay via a bank. 3.2 Deductions from income from employment etc Minimum standard deduction from own income The minimum standard deduction is a standard deduction from wage earnings, pensions and similar income. If your actual expenses relating to your work or similar are greater than the minimum standard deduction, you can claim a deduction for these expenses instead of the minimum standard deduction; see Item The minimum standard deduction is calculated automatically. Therefore, if you change the basis for calculating the deduction, for example when declaring wage earnings that have not been pre-completed, you do not need to correct the deduction yourself. See also «Minimum standard deduction calculation» on page 33 and skatteetaten.no/minstefradrag Actual expenses This item is an alternative to Item and should be used when your actual work-related expenses are greater than the minimum standard deduction. In the online solution, you should specify the costs under Item The Tax Administration may require you to document/substantiate your expenses. Examples of expenses that can be deducted instead of the minimum standard deduction: work clothes (if the clothes are subject to a great deal of wear and tear) or uniforms use of a home office specialist literature moving in connection with taking up employment travel without overnight stays in connection with job interviews voluntary medical and accident insurance (limited to NOK 700; spouses cannot claim a combined deduction of more than NOK 700) subsistence expenses for business travel not involving overnight stays (extra expenses for board and lodging in connection with business travel involving overnight stays shall not be included here, but entered in Item 3.2.7) subsistence expenses in connection with absence from the home for 12 hours or more without overnight stays in connection with overtime, duty, long journeys to and from work etc. a contractor s premium for voluntary insurance for the first 16 days expenses for a stand-in (substitute) transport expenses for business travel/ job-related travel maintenance/updating of education expenses for tools. Any deficit on expense allowances from an employer for coverage of such costs is also included in Item Minimum standard deduction from supplementary benefit for spouses A separate minimum standard deduction will be calculated on the amount in Item The minimum standard deduction amounts to 26 percent of the supplementary benefit for spouses, but may not exceed NOK 68,050. The minimum standard deduction must also be set no lower than NOK 4,000, unless the supplementary benefit for spouses is lower. No separate minimum standard deduction will be given for supplementary benefit for spouses when the benefit is tax-free Minimum standard deduction from children s income A separate minimum standard deduction from the child's taxable wage earnings entered under Item will be calculated. If you have several children aged 12 or younger (born in 2001 or later) who have received wage earnings, a minimum standard deduction from the wage earnings for each individual child will be calculated. If the child s income is divided between the parents, the minimum standard deduction is calculated on the basis of the child s income before it is divided, and then divided between the parents. For information about calculating the minimum standard deduction from wage earnings, see «Minimum standard deduction calculation» on page Minimum standard deduction from children s pension If you are aged 17 or over (born in 1996 or earlier) and receive a child s pension, you are entitled to a separate minimum standard deduction from the child s pension entered under Item and/or Item The minimum standard deduction is in addition to the minimum standard deduction from any wage earnings. The deduction is calculated as for other pensions; see «Minimum standard deduction calculation» on page 33. Parents who receive a pension for children who were aged 16 or younger in 2013 (born in 1997 or later) are entitled to a separate minimum standard deduction based on the amount in Item If the amount concerns several children, a minimum standard deduction will be made from each child s pension. The minimum standard deduction will be based on the entire pension to the child irrespective of how the spouses have divided the income between themselves in their tax returns. The minimum standard deduction is then divided between the spouses in proportion to the allocation of the child s pension between them. For information about the allocation of children s income etc., see «Parents and children» on page Extra expenses for board and lodging etc. in connection with stays away from home If, because of your work, you have to stay somewhere other than your home, you are entitled to a deduction for extra expenses resulting from the absence provided that you have covered the expenses yourself. You are not regarded as resident away from home if the overnight absence is only due to staying at your place of work for up to 48 hours and this is part of your ordinary working hours, as in the case of shift work, work on a mobile workplace and continuous periods of duty. A deduction of up to NOK 82 per day is granted for extra subsistence expenses in connection with such absences from the home, but only if you are away from home for more than 12 hours. The deduction is included in the minimum standard deduction in Item or in Item if the minimum standard deduction is not claimed. Extra subsistence expenses You are entitled to deduct subsistence expenses in connection with work-related absences from the home. You can decide whether you wish to claim a deduction for actual expenses or whether the deduction is to be calculated according to special rates; see below. It is however a precondition for being entitled to a deduction in accordance with the special rates that you have covered the expenses in their entirety. Deduction for actual expenses If you are claiming a deduction for actual subsistence expenses, you must document/ provide a reliable estimate of the expenses if asked to do so by the Tax Administration. You do X.X.X X.X.X X.X.X X.X.X X.X.X 3.2 X.X.X X.X.X X.X.X

10 not need to send in such documentation until the Tax Administration has asked you to do so. If the expenses qualify as commuter expenses, the deduction is reduced by NOK 80 per day for savings on household expenses. For information about «Commuters», see page 35. You can also claim a deduction of NOK 80 per day for petty expenses. Self-employed persons etc. must enter the deduction under this item if their expenses qualify as commuter expenses. Expenses incurred in connection with self-employment/ business activities must be entered in the accounts based on original vouchers. Deduction rates for subsistence Norway If you have covered all the subsistence expenses yourself and you are not claiming a deduction for actual expenses, the deduction will be calculated at the following rates per day: when staying at a hotel when the price of the room does not include breakfast NOK 670 when staying at a hotel when the price of the room includes breakfast NOK 603 when staying at a guest house, etc. (without own cooking facilities) NOK 295 when staying in bedsit/portacabin accommodation (with cooking facilities) and private accommodation NOK 192 Petty expenses of NOK 80 per day are included in the rates. If you are claiming a deduction of more than NOK 192, you must substantiate what type of a ccom modation is involved. By «substantiate», we mean that you must provide a statement specifying, as a minimum, the departure and return dates, the name of the place you stayed at, and whether it is a hotel, a guest house or similar. If the expenses are greater than the rates listed above, you will be granted a deduction for documented expenses. If you have free board in whole or in part, you will only be granted a deduction for documented expenses. Deduction rates for subsistence abroad If you can substantiate that you have stayed at a hotel during travel abroad, you will be granted a deduction at the rate applicable to the country in question pursuant to the special agreement concerning travel abroad at the state s expense. The government rates for subsistence allowance will be reduced by 25 percent with effect from the 29th day in connection with continuous stays at the same place of work. If you cannot substantiate that you have stayed at a hotel, you will be granted a deduction at the rate for guest houses or bedsits/portacabins pursuant to the same rules that apply in Norway. Number of days absent from the home You are entitled to a deduction for the actual number of days that you have been absent from the home. If you live somewhere other than your home all year, the number of days of absence is normally calculated as follows: without Saturdays off: 280 days every other Saturday off: 255 days every Saturday off: 240 days. (280 days is a 6-day week, 255 days is alternate 5-day and 6-day weeks, 240 days is a 5-day week). If you do not travel home every week, the number of days of absence must be increased correspondingly. If you also travel home in the middle of the week and stay at home overnight until the next day, the number of days of absence must be reduced correspondingly. Extra subsistence expenses in connection with home visits You can claim a separate deduction for extra subsistence expenses in connection with home visits even if you have free board at your place of work. The deduction applies when the home visit does not entail an overnight stay but lasts for six hours or more and you have actually purchased food en route that is not covered by your employer. A deduction of up to NOK 82 each way is granted (If you have not received free board at the workplace, you will be entitled to a deduction for actual costs or in accordance with the rates applicable under the rules described above, including for the period spent on travel. The same will apply if you stay overnight or the journey takes more than six hours). Extra accommodation expenses If your work requires you to live away from home, you will generally only be allowed to deduct documented extra expenses. If you live in a Portacabin or caravan which you own yourself, you will be allowed a deduction at the rate of NOK 55 per day. Self-employed persons etc. must enter their accommodation expenses under this item if the expenses are classed as commuter expenses. If the expenses have been incurred in connection with business activities, they must be entered in the accounts. The conditions for qualifying as a commuter are described under the topic «Commuters» on page 35. Real home in another EEA member state Persons whose work in Norway requires them to live away from their home in another EEA state and who commute to their home abroad can claim a deduction for extra expenses for board, lodging and petty expenses in connection with the period of work. If you are claiming the standard deduction for foreign employees (see Item 3.3.7), the expenses are included there, and they cannot be deducted separately. See «Guidelines for foreign employees and self-employed persons» at skatteetaten.no/selvangivelse-utenlandsk. Deficits on expense allowances for board and/or lodging Deficits on expense allowances in connection with paid work must be entered under Item A deficit arises when the allowance does not cover your added costs for board and/or lodging. If you are unable to document your total extra expenses for board as a result of living away from home, you can assume an expense of NOK 192 per day for all such allow an ces paid during the year in the calculation. Deductions for amounts in excess of this require that you, on request, can document the expenses for all days you are absent from the home. Please note that any deficit on a subsistence allowance for business travel that does not entail an overnight stay must be entered under Item 3.2.2, unless you are claiming the minimum standard deduction. If you claim the minimum standard deduction, any such deficit is included Deduction for travel between the home and permanent workplace (travel to/ from work) You are entitled to a deduction for travel between your home and your permanent workplace (travel to/from work) on the basis of the estimated travel distance in kilometres. As a rule, the travel distance is calculated on the basis of the shortest distance by road or by scheduled public transport (excluding air travel). The deduction is NOK 1.50 per km. If the total travel distance, including home visits (see Item 3.2.9), exceeds 50,000 km, the rate will normally be NOK 0.70 per km for kilometres in excess of 50,000 km. The deduction is only given for amounts in excess of NOK 13,950 (the non-deductible amount). In practice, this means that if you make the journey between your home and permanent place of work (there and back), five days a week and the daily distance exceeds 40 km, you may be entitled to a deduction. You may also be entitled to a deduction for shorter distances if you: travel back and forth more than 230 times a year, or are entitled to a deduction for home visits in connection with stays away from home (commuter stays); see Item See «Travel to/from work/job-related travel» on page 19 and skatteetaten.no/reisefradrag Deduction for travel expenses for home visits If your work requires you to live away from home, you may be entitled to a deduction for travel expenses for home visits. The deduction is granted pursuant to the same rules and rates as for travel to/from work (see Item 3.2.8), but with one exception: if your home visits involved travel by air, you can claim a deduction for the air fare instead of for the distance travelled (NOK 1.50/0.70 per km). 10 Tax Return 2013 Guidelines to the individual items

11 DEDUCTION ITEMS You must be able to document your expenses if the Tax Administration requests such documentation. If you claim a deduction for air travel, enter the deduction under the heading for road tolls and ferry expenses; see «Travel to/from work/job-related travel» on page 18. You can also claim a deduction for the distance travelled on the rest of the journey. The deduction for home visits is only given for the amount that exceeds NOK 13,950. Deductions for home visits and travel to/from work/job-related travel are considered as a single entity. Persons whose work in Norway requires them to live away from their home in another EEA state, and who commute to their home abroad, are entitled to claim a deduction for travel in connection with home visits. If you are claiming the standard deduction for foreign employees (see Item 3.3.7), the expenses are included there, and they cannot be deducted separately. See «Guidelines for foreign employees and self-employed persons» at skatteetaten.no Parental allowance (expenses for day care etc.) If you have one or more children who are eleven years old or younger (born in 2002 or later), you can claim parental allowance for expenses relating to the care of children living at home (expenses for a childminder, day care centre, before and after school hours supervision scheme etc.). Day care/supervision fees are tax-deductible, but food expenses (board allowance) in connection with day care/before and after school hours supervision are not. You can also claim parental allowance for expenses for older children if they have special care needs, e.g. if a child needs continuous supervision because of a disability. You must document the circumstances through a medical certificate, statement from the child welfare service or similar. You must also be able to document your expenses. You cannot claim a deduction for expenses relating to the care or supervision of parents or other relatives. The deduction is limited to NOK 25,000 for one child the maximum deduction is increased by NOK 15,000 for each additional child you have who is under 12 or who is older and has special supervision needs. If extra expenses for the supervision of children due to a child s illness or other lasting impairment do not qualify for a deduction because of the limit on the amount, they may be deducted as a special allowance for major sickness expenses in some cases. For 2013, you will only be able to claim the special allowance for supervision expenses if you have previously been granted the special allowance for major sickness expenses for the child for both 2010 and See Item concerning the conditions for the special allowance for major sickness expenses. Extra travel expenses to and from the day care centre also qualify as expenses in this context. If you use a car, the expense is stipulated at NOK 1.50 per km. If the transport takes place in connection with driving to and from your workplace or in connection with job-related travel, only the expenses relating to the extra travel (extra travel distance) are deductible. If you use scheduled public transport, the expenses will be stipulated as the extra expenses incurred by using such transport. Any tax-free child-care benefit received must be deducted from the expenses. Such benefit is specified under code 245 in the Certificate of Pension Income and Tax Deducted from the Norwegian Labour and Welfare Service (NAV). Cash support for care of own children in the home does not reduce the deduction. Adoptive children are also deemed to be own children, as are foster children for whom you do not receive foster home payments. Married couples and cohabitants with joint children can choose how to allocate the deduction between them. For information about the allocation of the child-care deduction, see «Parents and children» on page 29 and skatteetaten.no/foreldrefradrag Union dues Up to NOK 3,850 in union dues can be deducted or a proportional part of the amount if union dues have only been paid for part of the year. Union dues are specified in the Certificate of Pay and Tax Deducted, code 311. Deductible subscription fees to employers associations or nationwide professional or trade organisations should be deducted in your business accounts, not under Item No deduction will be granted for subscription fees to an employers association or nationwide professional or trade organisation if you have claimed a deduction for union dues. The deduction for subscription fees to an employers association is limited upwards to 0.2 percent of total wage payments. A deduction of up to NOK 3,850 or up to 0.2 percent of total wages paid is allowed for subscription fees to nationwide professional or trade organisations. See skatteetaten.no/fagforeningsfradrag Premiums for job-related pension schemes The amount is specified in the Certificate of Pay and Tax Deducted, code 312. You are entitled to deduct premiums for, among other things: municipal pension schemes Norges Bank s pension fund pension schemes pursuant to the Act relating to occupational pension pension schemes pursuant to the Act relating to defined-contribution pensions pension schemes in state enterprises the Norwegian Public Service Pension Fund pension schemes agreed in collective agreements Seafarers allowance The amount is calculated as 30 percent of the income under Item The maximum allowance is NOK 80,000. See skatteetaten.no/fisker-sjofolk Special allowance for fishermen and hunters at sea A special allowance is granted of up to 30 percent of the calculation basis in Item 290 in form RF-1213 «Fiske» (Fishing in Norwegian only). The conditions for qualifying for the deduction are described in the guidelines to the form. The maximum allowance is NOK 150,000. See skatteetaten.no/fisker-sjofolk. If you meet the conditions for the special allowance for fishermen and hunters at sea and for the special allowance for seafarers in the same income year, the special allowances will be calculated separately. The total deduction cannot exceed NOK 150,000, however. 3.3 Capital expenses and other deductions Interest on debt Normally, you are entitled to deduct all interest incurred during the income year. Charges in connection with taking up a loan, including the establishment fee, are treated in the same way as interest. You cannot claim a deduction for interest that has fallen due but not been paid in 2013 (unless the interest pertains to a business with a bookkeeping obligation). You will not be entitled to deduct such defaulted interest until the year in which you actually pay it. For student loans from the Norwegian State Educational Loan Fund (Låneskassen), deductions are only allowed for interest that has been paid. Remember to enter interest on any debts to private individuals and your employer. You are also entitled to deduct interest paid on overdue payment of interest on debt, and interest and charges paid in connection with credit purchases. Certain formal conditions and limitations on the size of the deduction apply to credit purchases. It is not permitted to enter pre-paid interest for 2014 or subsequent years. The same applies to interest that has been remitted. The benefit of a low-interest loan from an employer is deducted under this item in addition to the actual interest. The interest amount, including the benefit of a low-interest loan, will normally have been pre-completed. The benefit is liable to tax as pay; see Item X.X.X X.X.X X.X.X X.X.X X.X.X X.X.X X.X.X X.X.X

12 The interest charged on underpaid tax cannot be deducted (does not apply to interest on overdue payments). In cases where several people have a joint loan and the bank reports the loan for one of the borrowers, the borrowers must divide the deduction between themselves in proportion to their liability. Married couples may choose a different allocation, however. For information about deductions for debts and interest on debt for persons with real property abroad, see «Real property abroad» on page 27. See skatteetaten.no/rentefradrag Interest on debt abroad Interest on loans abroad must be documented. For information about deductions for debts and interest on debt for persons with real property abroad, see «Real property abroad» on page Benefits derived from surrendered property outside agriculture and forestry etc. Benefits derived from surrendered property Here, you deduct any benefits you have provided relating to real property outside agriculture and forestry, i.e. the value of rights of occupancy, benefits in kind and any cash payments made pursuant to an agreement on benefits derived from surrendered property (right of occupancy etc.). Note that the right of occupancy must also be entered as income in form RF-1189E «Letting etc. of real property». Insurance and maintenance expenses for the house must be entered in the same form. Maintenance payments Child maintenance payments etc. are not deductible. (Nor is the recipient of such payments liable to tax on them, see Item 2.6.1). Regular maintenance payments to a separated or former spouse are deductible. Maintenance payments made through the Norwegian Labour and Welfare Service s (NAV) debt collection unit are specified in the statement from NAV. Only deductible maintenance payments must be entered under Item You are not entitled to deduct maintenance payments paid as a lump sum. The Tax Administration may request documentation of maintenance payments you have paid directly to the beneficiary, but you do not need to submit any documentation unless the Tax Administration has requested it. See skatteetaten.no/underholdsbidrag Share of costs in housing cooperatives (housing associations or limited liability housing companies) and in jointly-owned housing properties The amount is specified in the statement from the housing cooperative or jointly-owned property. Owners of units in a housing cooperative/jointly-owned housing property who have not received a statement can obtain the required information from the board of the cooperative/property or its accountant. If you let a house/apartment in a housing cooperative (housing association or limited liability housing company) or jointly-owned property and this means that the house/ apartment is subject to accounts-based tax assessment, your share of the cooperative/ property s costs shall not be entered here. Any pre-completed amount must be deleted and entered in form RF-1189E «Letting etc. of real property». See «Housing and other real property» on page Deductible payments to individual pension schemes (IPS) A deduction is granted for premiums, deposits and administrative expenses relating to individual pension schemes pursuant to the Act relating to individual pension schemes (IPS). The total deduction cannot exceed NOK 15, Loss on the sale etc. of a house/apartment, holiday home, land or other real property For information about losses, see «Housing and other real property» on page 22. Any loss on the sale etc. of property abroad must also be entered under Item if the loss is deductible in Norway; see «Real property abroad» on page Other deductions Specify what you are claiming a deduction for. Among other things, this item is used for: Donations to certain voluntary organisations and religious and belief-based communities You are entitled to deduct up to NOK 12,000 for cash donations to certain voluntary organisations etc. The deduction scheme also applies to cash donations to foreign organisations etc. within the EEA area. The right to deductions also covers donations to the Church of Norway and the state churches of other EEA countries. To qualify for a deduction, you must have donated at least NOK 500 to the individual organisation during the course of the income year and the organisation must have reported the amount. See skatteetaten.no/organisasjonsgave. Norwegian organisations etc. must have provided the Tax Administration with information about the donation(s) in machine-readable form within the stipulated deadlines. If the donation has not been pre-completed in your tax return, you must ask the recipient of the donation to send the required information to the Tax Administration. If you have made a donation to voluntary organisations etc. together with others and believe that the amount reported for you is incorrect, you must ask the organisation to send a new report specifying your proportional share of the donation. Donations to foreign recipients are not pre-com pleted in your tax return. For such dona tions, you must declare the donated amount under Item as «Donations to organisations abroad» and state the name of the organisation. You must be able to present a receipt from the organisation on request, and the receipt must state your name, address, Norwegian personal ID number/organisation number and the donated amount in Norwegian kroner. There are few foreign organisations etc. within the EEA that have been approved and are covered by the deduction for donations scheme for A list of approved organisations is available at skatteetaten.no. Donations to research and vocational training You are entitled to deduct donations to institutes that are engaged in scientific research in cooperation with the state. Deductions are also granted for donations towards vocational training that may be of importance to your business. Deductions in excess of NOK 10,000 are limited to 10 percent of your general income before the deduction of any special allowances and before the deduction of the donation. A list of approved institutes is available at skatteetaten.no. Index-linked bonds and bank savings with equity-indexed yield You are entitled to deduct establishment costs (subscription fees). The deduction is made when the savings arrangement is terminated. Any interruption fee resulting from the savings arrangement being terminated before expiry of the commitment period is regarded as a loss, and it will not normally qualify for a deduction except when the savings arrangement is part of business activities or concerns a multiple debt instrument. If the savings arrangement is unrelated to business activities, such interruption fees may nevertheless be offset against any positive yield. Losses on the redemption of index-linked bonds are only deductible if the bond is a multiple debt instrument or the savings arrangement is part of business activities. Such losses are not pre-completed, and you must calculate them yourself. You have sustained a loss if the amount you received on redemption is less than what you paid for the bond including fees (subscription fees and any interruption fee). Standard deduction for foreign employees Foreign employees who are liable to tax in Norway on wage earnings without being tax resident here, can claim a standard deduction. Foreign employees who stay in Norway for so long that they become tax resident here can only claim a standard deduction for the first two income years they are deemed to be tax resident here. Pursuant to Norwegian domestic 12 Tax Return 2013 Guidelines to the individual items

13 DEDUCTION ITEMS law, a person becomes tax resident with effect from the year his or her stay in Norway exceeds 183 days in a 12-month period or 270 days in a 36-month period. The deduction is 10 percent of gross employment income, subject to a maximum of NOK 40,000. When the standard deduction is used, many other deductions cease to apply. See «Guidelines for foreign employees and self-employed persons» at skatteetaten.no. Special income deductions for young people Children aged 17 or over (born in 1996 or earlier) are entitled to a separate income deduction if they have income from employment and a child s pension. The deduction is granted automatically. Losses on the sale of securities etc. Here, you enter any deductible losses on the sale of securities that are not to be entered under ItemS 3.3.8, or Unit-linked insurance Here you enter any loss on the savings part in connection with disbursements from an individual annuity with an investment option without guaranteed yield (unit-linked insurance) taken out with companies that are or have been authorised to conduct insurance business in Norway. Here you must also enter any loss on the savings part in connection with disbursements from endowment insurance policies with an investment option without guaranteed yield (unit-linked insurance) taken out with a Norwegian company or a company in another EEA state. The Tax Administration may ask you to document the loss. Currency losses Currency losses are deductible in certain cases. The loss is not pre-completed, and you must calculate the loss yourself. For information about the cases where currency losses are deductible, see skatteetaten.no/valutagevinst-tap. Bitcoins Losses on the sale of bitcoins are deductible. When requested to do so, you must submit a calculation of the loss being claimed Losses on the sale of shares etc. (RF-1088) This item should be pre-completed with the net gain from shares in Norwegian limited liability companies and foreign companies listed on Oslo Børs, and for which you have received form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only). The same applies to equity certificates. RF-1088 is based on information that the companies, the Norwegian Central Securities Depository (VPS) and you have submitted to the Tax Administration. You must check this statement before completing your tax return. If you make changes to the statement, you must submit it by the deadline for submitting your tax return. If the amount in RF-1088 is incorrect or it says «ukjent» (unknown), you must correct the figures that are incorrect or missing and declare the correct deductible loss in Item of the tax return. If you change the amount in Item of the tax return, you must submit the tax return. You cannot make use of the submission exemption arrangement in this case. If you discover an error in form RF-1088, you can get help to calculate the correct deductible loss if you submit RF-1088 at altinn.no. You will receive an updated statement within three or four days. If the updated version shows a changed amount, you must enter this amount in your tax return. The guidelines to RF-1088 contain example calculations concerning gains and losses. If you have realised shares or equity certificates and have not received form RF-1088 for these shares, enter the loss from the shares under Item and on form RF For more information on share taxation and share forms, see the topic «Shares etc.» on page 19 and at skatteetaten.no/aksje Losses on the sale of units in securities funds This item covers deductible losses on the redemption, sale or other form of realisation of units in securities funds (e.g. unit trusts, bond or money market funds, combination funds etc.). Unit holders in Norwegian and some foreign securities funds who have realised units in 2013 will receive a realisation statement from the management company or the Norwegian Central Securities Depository (VPS). The realisation statement contains information about the taxable gain/deductible loss. The total deductible loss will be pre-completed under this item if the management company or the Norwegian Central Securities Depository has reported the amount to the Tax Administration. You must check the amounts and correct any errors. If the loss is not pre-completed in your tax return, enter the amount yourself under Item Gains/losses on the realisation of units in most foreign securities funds are not pre-completed. You must then fill in and submit form RF-1059 «Aksjer og fondsandeler mv.» (Shares and units in funds etc. in Norwegian only) and enter any gain under Item and any loss under Item You will find this form at skatteetaten.no/aksjer or altinn.no. The form can also be obtained from a tax office Losses on the sale of shares etc. (RF-1059) Here, you enter deductible losses on shares etc. other than those to be entered under ItemS or 3.3.9, including: shares/equity certificates in Norwegian and foreign companies for which you have not received RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only). (This also applies to losses on shares in companies that were dissolved during 2013) units in foreign securities funds from which the loss has not been included in the pre-completed amount in Item bonds On the realisation of shares in foreign companies or shares/equity certificates in Norwegian companies for which you have not received form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only), you must complete and submit form RF-1059 «Aksjer og fondsandeler mv.» (Shares and units in funds etc. in Norwegian only). You will find this form at skatteetaten.no or altinn.no. The form can also be obtained from a tax office. For information about the calculation of deductible losses, see the guide-lines RF-1072 (in Norwegian only). There is no separate form for losses on the sale of bonds and other financial instruments. On request, you must be able to submit documentation and a calculation of gains from the sale of bonds and other financial instruments. For more information on share taxation and share forms, see the topic «Shares etc.» on page 19 and skatteetaten.no/aksjer Deficits carried forward from previous years If you have an uncovered deficit from previous years, the amount should be stated in your tax settlement for 2012 as «unutilised deficit» and pre-completed under Item in your tax return for The deficit will normally be deductible in full, but, in some cases, the right to a deduction may have lapsed in whole or in part. This will for example apply if: a deduction was granted for expenses for minding and caring for children (Item in the year such a deficit arose (such deduction cannot create or increase a deficit to be carried forward) your business closed down in 2005 or earlier and the deficit concerns thisbusiness you have had debt remitted through debt settlement or insolvency proceedings you have transferred a deficit to previous years in connection with the winding-up of a business. If you are married, the rules concerning the deduction of deficits carried forward from previous years will generally apply to you and your spouse separately. Any residual deficit carryforward on the part of one spouse is automatically deducted from the other spouse s income. Contact the Tax Administration for more information. X.X.X X.X.X X.X.X X.X.X X.X.X X.X.X X.X.X X.X.X

14 Deficit on the letting of real property Here, you enter any loss from the operation of a housing property or other real property subject to accounts-based tax assessment; see «Housing and other real property» on page 22. Please enclose form RF-1189E «Letting etc. of real property». If you submit your tax return online, you will find the form next to the item. 3.5 Special allowances If you have any questions about special allowances, please contact the Tax Administration Special allowance for disability A special allowance for disability is granted until and including the month you reach the age of 67 years. See skatteetaten.no/uforhet. You are entitled to a special allowance of NOK 2,667 per month (NOK 32,004 per year) from and including the month in which you are entitled to a disability pension because your earning capacity is reduced by at least two-thirds. If you receive a disability pension pursuant to the National Insurance Act or a disability pension pursuant to other legislation, because your earning capacity is reduced by at least 2/3, you are entitled to a half special allowance of NOK 1,334 per month (NOK 16,008 per year). If you receive a provisional disability pension/ disability pension pursuant to the National Insurance Act, the special allowance should be pre-completed in your tax return. The proposal for special allowance is listed under code 250 in the Certificate of Pension Income and Tax Deducted from NAV. If you are resident abroad but pay tax to Norway, the special allowance will not be pre-completed. You must there-fore remember to enter the special allowance in your tax return. You are not entitled to a special allowance for a period during which you received work assessment allowance. If you receive a disability pension from someone other than the National Insurance scheme, the special allowance will often not be pre-completed in your tax return. You must therefore remember to enter the special allowance in your tax return Special allowance for minor impairment of earning capacity This special allowance for minor impairment of earning capacity is given on the basis of an overall financial assessment in which your spouse s income and capital are also taken into consideration. You must submit a medical certificate upon request. The maximum special allowance is NOK 9,180. See skatteetaten.no/ervervsevne Special allowance for unusually large sickness expenses The rule concerning the special allowance for major sickness expenses ceases to apply from the 2012 income year onwards. You may nevertheless claim the special allowance for major sickness expenses for the 2013 income year if you received a special allowance in your tax assessment for both 2010 and However, you will not be entitled to the special allowance for expenses relating to dental treatment, transport and housing. This applies even if you received the special allowance for such expenses in connection with the tax assessments for 2010 and Under this item, enter 100 percent of the deductible expenses. For the 2013 income year, the special allowance will be reduced in steps. For the 2013 income year, a special allowance of 67 percent of deductible expenses will be granted. This reduction will be automatically implemented through the tax assessment system. For more information concerning alterations/ adaptation of housing before 2012, see «Special allowance alteration/adaptation of housing prior to 2012». In order to claim the special allowance, you must previously have incurred unusually large extra expenses because of sickness or other permanent disability, either on your own part or on the part of a person you provide for. You must submit a medical certificate upon request. When requested to do so, you must be able to substantiate/document the expenses. The expenses must amount to at least NOK 9,180. You are entitled to a deduction for supervision costs due to children s illness irrespective of the amount of the expenses. See «Special allowance for major sickness expenses» on page 41. See also skatteetaten.no/sykdomsutgifter. Special allowance alteration/adaptation of housing before 2012 Since 2012, the special allowance for sickness expenses for housing adaptation has no longer been granted. If you have incurred expenses for the alteration/ adaptation of housing prior to 2012 and, in the tax assessment for the 2011 income year or earlier, you have distributed the special allowance forwards in time, you can claim the special allowance for any remaining amount up to and including the 2014 income year. The special allowance for such remaining amounts is not subject to reduction in stages. See «Special allowance for major sickness expenses» on page 41. From the 2015 income year, the special allowance scheme for major sickness expenses will cease to apply in its entirety Special allowance for single providers The special allowance for single providers is entered under this item. You will receive the special allowance if during 2013 you were a single provider for a child under 18 years of age and received extended child benefit from NAV. The total special allowance is entered in the tax return. The amount is calculated based on information from NAV concerning the number of months for which you received extended child benefit. The special allowance is NOK 3,930 per month. If you have agreed shared housing for the child (children) with the other parent and have therefore received shared extended child benefit from NAV, the special allowance will be granted at half the monthly rate (NOK 1,965). The special allowance will not be given if you only provide for adolescents over 18 years of age or you have not received extended child benefit. You cannot change the amount in the tax return. NAV is responsible for deciding whether or not you fulfil the conditions for being a single provider. If you believe that the special allowance amount is wrong, you must contact NAV and ask for the information concerning your extended child benefit to be corrected. See «Special allowance for single providers» on page 40 and skatteetaten.no/enslig. 3.6 Basis for calculating municipal and county tax and equalisation tax to the state The amount is reduced by the personal allowance; see page 47. Municipal, county and equalisation tax are then levied at a rate of 28 percent of the net amount. For taxpayers in Nord-Troms and Finnmark, the amount is reduced by both a personal allowance and a special income deduction; see page 47. Municipal, county and equalisation tax are then levied at a rate of 24.5 percent of the net amount. 14 Tax Return 2013 Guidelines to the individual items

15 Capital and debt It is your capital and debt at the turn of the year 2013/2014, i.e. at on 1 January 2014, that you must declare. 4.1 Bankinnskudd, kontanter, verdipapirer mv. Here, you enter only Norwegian bank deposits, securities etc. Deposits in foreign banks must be entered under Item and foreign securities etc. under Item For information about children s capital, including lump-sum compensation for personal injuries to children, see «Parents and children» on page Bank deposits etc. Here, you enter all deposits in Norway (including interest) as of 1 January 2014 in: banks insurance companies organised savings associations cooperative societies cooperative building associations and housing companies Cash etc. In addition to cash in Norwegian and foreign currency, you must enter under Item the value of cheques, giro payment orders and/or bank drafts that have not been cashed or credited to an account as of 1 January For foreign currency etc., use the banks purchasing exchange rate. You must only enter the amount in excess of NOK 3,000 (the tax-free allowance). Married couples and children who are assessed jointly have a joint tax-free allowance. This applies even if their income is assessed separately. Spouses can divide the tax-free allowance between themselves as they wish. If spouses are assessed individually, they must each have their own tax-free allowance of NOK 3,000. For information about separate assessment, see «Spouses, registered partners and spouseequivalent cohabitants» on page Taxable assets in the form of units in unit trusts The item is pre-completed with information concerning capital in Norwegian unit trusts and in certain foreign unit trusts which the Tax Administration has received from the management companies. You must enter any assets in the form of units in Norwegian and foreign unit trusts in 2014 that have not been pre-completed. The tax value is based on the unit value as of 1 January Units in Norwegian unit trusts are valued at 100 percent of the unit value as of 1 January Here, you enter units in Norwegian unit trusts irrespective of whether or not they are registered in a securities register Bond funds and money market funds (Norwegian), both registered and not registered in a securities register Units in bond funds and money market funds must be entered at 100 percent of the value of the units as of 1 January 2014 (full value). The unit value will be specified in the balance statement from the fund. Units in foreign bond and money market funds must be entered under Item Debt receivables (in Norway) State the debtor s name, address and the amount due to you. Enter the interest under Item Tax value of Norwegian shares, equity certificates, bonds etc. registered in the securities register (the Norwegian Central Securities Depository VPS) Tax value of Norwegian shares and equity certificates The tax value of Norwegian shares etc. registered in the Norwegian Central Securities Depository (VPS) is pre-completed. The amount should be the same as that given in the annual statement from VPS. The tax value of other Norwegian shares must be entered under Item Units in Norwegian unit trusts are entered under Item Listed shares are valued at 100 percent of their listed price on 1 January If the company is listed on both the Norwegian stock exchange and a foreign stock exchange, the value on the Norwegian exchange must be used. Shares in unlisted Norwegian companies shall in principle be valued at 100 percent of the shares proportional share of the company s total asset value for tax purposes as of 1 January If the share capital has changed as a result of payments received from or made to shareholders, 100 percent of the capital value as of 1 January 2014 must be used. Contact the company for information about this if necessary. If the company was formed in 2013, the shares shall be valued at 100 percent of the sum of the face value of the shares and any share premium. Equity certificates are valued at 100 percent of their listed price on 1 January Value of Norwegian bonds Bearer bonds and other bonds registered in a securities register are entered under this item in advance. They are valued at their listed price or assumed sales price if the price is not listed. Value of Norwegian options registered in the Norwegian Central Securities Depository (VPS) Stock exchange-listed options are valued at the listed price Assets in the form of securities not registered in a securities register The amounts must be specified in the following sub-categories: shares in form RF-1088 (not VPS), normally pre-completed bonds and other securities not registered in a securities register employment-related options Tax value of shares transferred from RF-1088 This item will be pre-completed with the asset value from Norwegian limited liability compa nies not listed on Oslo Børs for which you have received form RF-1088 «Aksjer og egenkapitalbevis» (Shares and capital certificates in Norwegian only). Unlisted shares are valued at the fiscal asset value as of 1 January If the amount in RF-1088 is incorrect or it says «ukjent» (unknown), you must correct the figures that are incorrect or missing and declare the correct taxable asset in Item of the tax return. If you change the amount in Item of the tax return, you must submit the tax return. You cannot make use of the submission exemption arrangement. If it says «ukjent» (unknown) in form RF-1088 and you do not know the asset value, you should contact the company concerned in order to obtain this value. The tax value of companies registered in the Norwegian Central Securities Depository (VPS) is not stated in RF-1088, but is entered in Item Tax value of securities not registered in the Norwegian Central Securities Depository (VPS) For Norwegian bonds not registered in a securities register, you enter the unit value as of 1 January If it is unknown, use the presumed sales value. State the name of the issuer, the number of bonds and the face value of the bond. You enter the presumed sales value as of 1 January 2014 of unlisted Norwegian options. An option confers a right, but not an obligation, on its holder to buy or sell an asset on a given date or within a certain X.X.X X.X.X 3.5 X.X.X X.X.X X.X.X X.X.X X.X.X 3.6 X.X.X

16 period at a price agreed in advance. Here, you must also enter the tax value of Norwegian shares which are not specified in form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only) and which are not registered in the Norwegian Central Securities Depository (VPS). The company will provide you with the tax value. For information about how the value is determined, see Item Units in unit trusts are entered under Item Employment-related options The value of unconditional employmentrelated Norwegian options is taxable capital. The pre-completed amount is taken from code 523 in the Certificate of Pay and Tax Deducted. If the value of the option depends on the fulfilment of an uncertain condition, the option is not considered to be a taxable asset Deposits in foreign banks Here, you enter deposits in foreign banks as of 1 January The bank s exchange rate on 1 January 2014 for purchasing the currency concerned must be used to convert amounts into Norwegian kroner. Deposits must be specified in form RF-1231E «Deposits in foreign banks». See skatteetaten.no/skjema. 4.2 Home contents/ moveable property You must enter private home contents/ moveable property under Item 4.2, whether they are in Norway or abroad. tax-free allowance for spouses and children who are assessed together, even if their incomes are assessed separately. The tax-free allowance can be divided between spouses as they wish. If the home contents/moveable property are insured, you can calculate their expected sales value on the basis of the insured amounts as shown below. If the contents/ moveable property are not insured or the insured amount is not specified, e.g. in the case of group home contents insurance, you can calculate the sales value on the basis of what you presume it would cost to replace the home contents/moveable property. Boats that are not separately insured and that are not covered by an ordinary home contents/moveable property insurance policy, are valued at their presumed sales value; see the example. If a boat is insured separately, the presumed sales value should be set at 75 percent of the amount insured. Boats with a presumed sales value as of 1 January 2014 of NOK 50,000 or more must be entered under Item See skatteetaten.no/listepris. Calculation of sales value The sales value of home contents and moveable property is calculated as follows: Amount insured/ acquisition price as new Sales value of the first NOK 1,000,000 10% of the first NOK 400,000 20% of the remaining amount 40% (A boat must only be included in the above calculation if it is covered by a home contents and moveable property insurance policy) Motor vehicles Cars, motorbikes, snowmobiles and other motor vehicles (that are not operating equipment) are valued on the basis of the vehicle s list price as new from the main importer on the following scale: First List price value registration year as new % % % % % % % % NOK 1,000 The list price can be found at skatteetaten.no/listepris. Veteran vehicles, i.e. vehicles that are 30 years old or more, are valued at their presumed sales value. If you have received the «Tax return for wage earners and pensioners etc. 2013» and have a car that is subject to accounts-based assessment, you can enter the written-down tax value here. If you can demonstrate that the actual value is lower, specify the actual value. Self-employed persons must not enter the amount here, but under Item See «Start help for self-employed persons etc.» Caravans Caravans are valued in the same way as motor vehicles; see Item Tax value of housing and other real property Home contents and moveable property other than motor vehicles, caravans and pleasure boats with a sales value of NOK 50,000 or more You reduce the presumed sales value of the moveable property by deducting a tax-free allowance of NOK 100,000 before entering the amount under Item This is a combined EXAMPLE: Pleasure boats with a sales value of NOK 50,000 or higher Pleasure boats with a presumed sales value of NOK 50,000 or more must be entered here. State the make, type and presumed sales value. If the boat is insured, then the value should be set at 75 percent of the amount insured. Amount insured (moveable property excl. boats) NOK 1,100,000 Amount insured boat NOK 40,000 Moveable property NOK 1,000,000 x 10% NOK 100,000 + NOK 100,000 x 20% NOK 20,000 = Presumed sales value NOK 120,000 + Boat NOK 40,000 x 75% NOK 30,000 Total NOK 150,000 Tax-free amount NOK 100,000 = Tax value of moveable property incl. pleasure boats (item 4.2.3) NOK 50,000! Housing property Here, you enter the tax value of housing properties, including multi-unit houses and units in housing associations and limited liability housing companies covered by the Taxation Act, section 7-3. For information about multi-unit houses, see «Housing and other real property» and skatteetaten.no/boligverdi. Holiday homes (including holiday homes in holiday housing cooperatives), dwelling houses on farms, housing properties abroad and on Svalbard are valued in accordance with different rules. For information about the distinction between housing properties and holiday properties, see «Housing and other real property» on page 22 and skatteetaten.no/bolig. The tax value is stipulated annually based on calculations from Statistics Norway. The valuation takes account of the type of housing property, build year, area (primary rooms/net living area) and geographical location. For information about what are deemed to be primary rooms (P-ROM), see skatteetaten.no/boligverdi. You can calculate the tax value yourself using the housing 16 Tax Return 2013 Guidelines to the individual items

17 CAPITAL AND DEBTS calculator that is available at skatteetaten.no. The tax value is pre-completed in the tax return on the basis of previously submitted information about the housing property, for example on the basis of information provided in form RF-1282 «Opplysninger for beregning av likningsverdi på boligeiendommer» (Information for calculation of the tax value of housing properties in Norwegian only). If no information concerning housing properties has been reported previously, the tax value will be pre-completed based on the property's presumed area, housing type and year of construction. Check that the pre-completed information about your dwelling is correct. If the pre-completed information is incorrect, you must make the corrections in your tax return and submit it (corrections are not made by submitting form RF-1282). If the tax value of the dwelling has not been pre-completed, you must provide information about housing type, build year and area in your tax return. Even though information has previously been provided about the dwelling, you must submit new information if the area of the dwelling (primary rooms/net living area) has been extended or reduced in 2013 as a result of an extension, demolition, fire etc. If the new area of the dwelling is not the basis for the pre-completed tax value, you must state the dwelling s new area in the field for information about area. You can calculate the tax value yourself using the housing calculator that is available at skatteetaten.no and entering the result under Item Primary dwellings are valued at 25 percent of their estimated sales value. Secondary dwellings are valued at 50 percent. You can only own one primary dwelling. For a dwelling to be valued as a primary dwelling, you must have been permanently resident there as of 1 January Normally, your registered address in the Population Register is your primary dwelling. If you own other housing properties, they will be valued as secondary dwellings. In exceptional cases, a dwelling can be valued as a primary dwelling even if you were not a permanent resident there as of 1 January An exception is only granted if you can substantiate/document that age and/ or health reasons have prevented you from residing permanently in the dwelling. During the period in which you were prevented from living in the dwelling you must not have let the dwelling or allowed others, including close relatives, to use it in return for full or partial coverage of running expenses. You can request that the tax value is reduced if you can document that the tax value exceeds 30 percent of the dwelling s market value. If the dwelling is a secondary dwelling, you must be able to document that the tax value exceeds 60 percent of its market value. You can request a reduction in your tax return or by appealing against the tax assessment. For information about documentation requirements, see «Housing and other real property» on page 22. More information and a calculation to determine when you should request a reduction in the tax value can be found at skatteetaten.no/boligverdi Holiday homes Here, you enter the tax value of holiday homes. For 2013, there will be no general increase in the tax value relative to the value for On the initial valuation of newly built holiday homes, the tax value shall exceed neither 30 percent of the cost price of the property including land nor 30 percent of the property s market value. If the tax value is substantially higher than the valuation level for comparable properties in the municipality, it can be reduced. If you have built an extension or otherwise improved the holiday home, you must state this under Item 5.0 (Additional information). The Tax Administration may then set a new tax value. The same applies in the case of improvements etc. carried out earlier that have not been taken into account because you have failed to provide information or have provided insufficient information to the Tax Administration. Sale of a property does not in itself constitute grounds for increasing its tax value. If you can document that the tax value exceeds 30 percent of the holiday property s market value, you can request a reduction in the tax value. See «Housing and other real property» on page 22. For information about an increase in the tax value of leasehold land, see «Leased plots of land for houses and holiday homes» on page Other real property Here, you enter the tax value of all real property other than housing and holiday properties in Norway, e.g. undeveloped plots of land, agricultural property, power stations and commercial property. There will be no general increase in the tax values. If you have commercial property, see below. If the tax value has not been pre-completed, or it has been pre-completed under the wrong item (remember, in such case, to delete the incorrect item), you must enter the amount under one of the following items: Norwegian commercial property (RF-1098) Land Other real property with taxable yield Other real property without taxable yield Farm When you submit your tax return online, you will find the item concerned under the main section 2.8/4.3. Enter the amount under the correct item here. If you use Norwegian commercial property, form RF-1098 will appear. You must then complete this form. The capital value will then automatically be calculated and placed under the correct item. If you submit your tax return on paper, state the name of the item as mentioned above and enter the amount under «Enter any amounts not pre-completed here». Let Norwegian commercial property The tax value of let commercial property is calculated on the basis of the gross rental income. You perform the calculation using form RF-1098 and enter the tax value under Item «Norwegian commercial property» (RF-1098). For details about how to calculate the tax value, see the guidelines for RF Unlet commercial property in Norway The tax value of unlet Norwegian commercial property is stipulated using a standard method based on the property s location, type and area. You have to use the calculator for unlet commercial property at skatteetaten.no to calculate the tax value. If you submitted form RF-1098 for the property last year and completed the fields for information about unlet commercial property, the Tax Administration may have entered a proposed tax value for you in advance based on this information, provided that the information was correct and that you are stated as owner of the property in the Tax Administration's property register. If the pre-completed tax value is correct, you do not need to submit RF If it is incorrect, you must fill in RF-1098 and transfer the correct amount to the tax return. Information in RF-1098 must for example be given if there have been changes with regard to area or property type, so that the form from last year is no longer correct. You must also fill in RF-1098 and transfer the amount to your tax return if the property changes status from unlet to let, or vice versa. If no amount has been pre-completed in your tax return, you must also fill in RF-1098 and transfer the tax value to your tax return, even if you submitted RF-1098 last year. For more information, see the guidelines for RF Other capital Premium funds, individual pension agreements (IPA) The premium fund balance (including interest) as of 1 January 2014 relating to an individual pension agreement (IPA) is taxable capital The surrender value of life insurance policies As a rule, the surrender value of individual annuity agreements is considered to be taxable capital and must be entered here. For information about exceptions to the rule, see «Life insurance» on page 31. See «Parents and children» on page 29 for information about children s capital, including lump-sum compensation for personal injuries to children X.X.X X.X.X 4.2 X.X.X X.X.X X.X.X X.X.X X.X.X 4.3 X.X.X

18 and lump-sum compensation for loss of a provider. The surrender value of endowment insurance policies shall also be entered here. The surrender value of individual annuity agreements and endowment insurance policies is specified in the statement you receive from the company. You enter any endowment insurance policies with foreign companies under Item Capital in housing cooperatives, limited liability housing companies and jointly-owned properties The value of an owner s share of capital in the housing cooperative/company other than the tax value of the property is entered here. An owner's share of other capital in a jointlyowned property other than the tax value of the property is also entered here. If you own a unit or are joint owner of a jointly-owned housing property with more than eight owner units, the amount will be specified in the statement you receive from the housing company or jointly-owned housing property. Owners of shares in a jointly-owned property who have not received a statement can obtain the required information from the board of the property or its accountant Other taxable capital Here, you enter other taxable capital in Norway that is not to be entered under other items in your tax return. The value of hunting, fishing and waterfall rights relating to forestry properties must be entered here. The calculation method is described in the guidelines for RF Leasehold rights Long-term leases of plots of land for housing and holiday home purposes are treated as permanent (perpetual) rights. In the case of perpetual lease rights, the lessor (owner) must declare the capitalised value of future ground rent here. For information about the calculation of the capitalised value and reduction in tax value for lessors, see «Leased plots of land for houses and holiday homes» on page 29. Bitcoins Holdings of bitcoins are not pre-completed in the tax return. Bitcoins are valued at the presumed sales value as at 1 January Taxable capital abroad Capital in real property abroad Here, you enter the tax value of all real property abroad. You must also state which country the real property is located in. The rules concerning the valuation of real property described under ItemS and also apply to properties abroad. The rules for the valuation of housing properties described under Item do not apply to housing properties abroad, however. The rules regarding valuation of let commercial properties apply to properties abroad. There will be no general increase in the tax value relative to the value for The tax value of real property that is not liable to tax in Norway must also be entered here. If a tax value has not previously been stipulated for the property, you must provide information about the property under Item The same applies if you have acquired property during 2013; see Item If the property is a let commercial property, you must fill in form RF-1098 «Formue av næringseiendom 2011» (Capital value of commercial property in Norwegian only), and enter the tax value under item «Let commercial property abroad» (RF-1098); see the description under Item See «Real property abroad» on page Other taxable capital abroad Here, you enter all capital abroad that is liable to tax in Norway and that is not to be entered under other items. This applies, among other things, to bearer bonds, outstanding claims against foreign debtors, foreign shares, units in foreign bond and money market funds and holdings in foreign companies. Under Item 4.6.2, you must also enter the value of endowment insurance with companies outside Norway. The Tax Administration may ask for documentation. Listed shares in foreign companies are valued at 100 percent of their listed value as of 1 January Unlisted shares in foreign companies are valued at 100 percent of their presumed sales value as of 1 January If you are able to substantiate the tax value of the company s assets, you can instead request that 100 percent of your share of the tax value of the company s assets on 1 January 2013 be used. Units in bond and money market funds managed by foreign companies must be set to 100 percent of the unit value as of 1 January Foreign bearer bonds must be valued at their price on 1 January If there is no listed price, or the price is unknown, you value the bonds at their presumed sales value. Use the banks exchange rate on 1 January 2014 for buying currency to convert amounts into Norwegian kroner. 4.8 Debt All debts owed on 1 January 2014 shall be entered in your tax return. For information about deductions for debt for persons with real property abroad, see «Real property abroad» on page Debt in Norway Here, you enter your debt in Norway, including debt to private individuals. The amounts are specified in annual statements from banks, insurance companies etc. Any unpaid underpaid tax that had fallen due by 31 December 2013 must also be entered here. In the case of perpetual lease rights, typically long-term leases of ground, you as lessee must enter the capitalised obligation to pay ground rent here. For information about the calculation of the capitalised value and the addition for land value for lessees, see «Leased plots of land for houses and holiday homes» on page Debt in housing cooperatives, limited liability housing companies and jointlyowned housing properties You enter your share of the debt here. If you own a unit or are joint owner of a jointlyowned housing property with more than eight owner units, the amount will be specified in the statement you receive from the housing company or jointly-owned housing property. Owners of units in a jointly-owned housing property who have not received a statement can obtain the required information from the board of the property or its accountant Debts abroad Here, you enter any debts owed to foreign creditors. 18 Tax Return 2013 Guidelines to the individual items

19 Topics Shares etc. Updated information about the taxation of shares can be found at skatteetaten.no/aksjer. The shareholder model The shareholder model applies to natural persons, the estates of deceased persons and estates in bankruptcy when the debtor in bankruptcy is a natural person. The rules apply to ownership in both Norwegian and foreign companies. The principle of the shareholder model is that share dividend and gains on shares are liable to tax, but the risk-free return can reduce the taxable dividend or gain. The deductible risk-free return for the year will be calculated for each share and granted to the person who owns the share at the end of the income year. The risk-free return can never be deducted from income from other shares. The year s risk-free return can reduce the taxable dividend received in An unutilised risk-free return from previous years can be deducted from both share dividend and gains on the same share for the 2013 income year. Equity certificates and units in unit trusts etc. are treated in the same way as shares. How is the deductible risk-free return calculated? Deductible risk-free return = basis for risk-free return x risk-free interest rate As a rule, the basis for the deductible risk-free return for 2013 is equal to the acquisition value/opening value (of the share) with the addition of any unutilised risk-free return from previous years. For the 2013 income year, the risk-free interest rate is 1.1 percent. Stipulation of the opening value The opening value of shares, equity certificates and units in unit trusts acquired in 2013 is stipulated with binding effect by the Tax Administration in autumn These values will be used as the basis for the calculation of the deductible risk-free return and gains/ losses in connection with subsequent realisation of the shares. For most Norwegian shares and foreign shares listed on Oslo Børs, you will receive form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only) from the Tax Administration. This statement provides information about the opening value of the shares. You must check the statement. If you agree with the information provided in the statement, you do not have to submit it. If you have not received a statement from the Tax Administration listing your shares, you must submit form RF-1059 «Aksjer og fondsandeler mv.» (Shares and units in funds etc. in Norwegian only). You may also have received form RF-1088 «Aksjer og egenkapitalbevis» (Shares and equity certificates in Norwegian only), in which it is stated that you must submit form RF-1059 for certain shares listed in a separate table. In form RF-1059, you specify the opening value, calculate any taxable dividend after deduction of the riskfree return and calculate the taxable gain/deductible loss. If you submit the form online, you will get assistance with these calculations. The opening value of shares etc. that you acquired before 1 January 2013 and which the Tax Administration had information about should have been stipulated by the Tax Administration. Most shareholders will have received a letter from the Tax Administration showing the stipulated values. Travel to/from work/ job-related travel You are entitled to a deduction for travel between your home and your permanent workplace; see Item The deduction is only given for amounts in excess of NOK 13,950 (the non-deductible amount). The deduction is NOK 1.50 per km. If the total travel distance, including home visits (see Item 3.2.9), exceeds 50,000 km, the rate will normally be NOK 0.70 per km for kilometres in excess of 50,000 km. If your documented expenses exceed this amount, you can claim a deduction for actual expenses limited upwards to NOK 1.50 per km. As a rule, the deduction is calculated on the basis of the shortest travel distance between your home and permanent place of work, by car or scheduled public transport, excluding air travel. This applies irrespective of your actual expenses and the means of transport used. The total daily travel distance can be rounded up to the nearest kilometre. If you reduce your travelling time by at least two hours for every return journey to and from work by using a car rather than a scheduled means of transport, you can nonetheless use the distance by road as the basis. In such case, you can also claim a deduction for road tolls and ferry expenses that you have covered yourself, provided that these costs total more than NOK 3,300. The cheapest ticket type must be used as the basis. You must be able to document your expenses on request. If you claim a deduction for ferry expenses, you are not entitled to the kilometre rate (NOK 1.50/ 0.70 per km) for the distance travelled by ferry. Travel time is calculated as the total travel time for the return journey to your place of work and back. The calculation shall also take account of walking time, waiting time when changing means of transport and waiting time at your place of work unless you have flexible working hours. Walking time is defined as 15 minutes per km. Travel time by car is defined as one minute per km (60 km/h). If your employer provides transport and this benefit is tax-free, you must not include the distance covered by such transport. This applies, for example, to employees who travel free of charge on their employer s scheduled means of transport. However, the benefit of free use of your employer s car is taxable, and it may therefore entitle you to a deduction for the distance travelled. You are entitled to a deduction for the actual number of journeys you have made during the course of the year. Full-time work is usually reckoned to equal 230 days a year. EXAMPLE: A taxpayer travels between his or her home and permanent place of work every day. The shortest travel distance is 21 km each way. The deduction is calculated as follows: NOK 1.50 x 21 x 2 x 230 = NOK 14,490 Amount not included in the deduction (non-deductible amount) NOK Deductible amount to be entered under item NOK 540 The actual number of journeys must be used if you work part-time. If you work four days a week instead of five, you must base the calculation on 230 working days x 4/5 = 184 working days. If you are absent from work more than 15 days during the year because of taking more than five weeks holidays, illness, job-related travel, leave of absence etc., you must reduce the number of travel days. In principle, the deduction for home visits (see Item 3.2.9) is calculated in accordance with the same rules as those mentioned!

20 previously under this topic. The non-deductible amount of NOK 13,950 and the rule that road tolls and ferry expenses must exceed NOK 3,300 apply to home visits and travel between the home and workplace combined. The difference between travel to/from work and job-related travel It is important to distinguish between travel to/ from work and job-related travel, since these types of travel are treated differently for tax purposes. For travel to/from work, the deduction is calculated as shown above. Travel expenses to/from work that are covered by your employer are deemed to be taxable income (coverage of private expenses). If the journey is regarded as work-related, you can claim a deduction for the actual costs. If you use your car for such travel, see «Cars» on page 20. You cannot claim a deduction for job-related travel expenses on top of the minimum standard deduction. If you are not claiming the minimum standard deduction, you should enter the deductible amount under Item Self-employed persons etc. enter such deductions in their accounts. Your employer s coverage of deductible expenses for job-related travel is not taxable income. What is travel to/from work and what is job-related travel? Main rules: Travel to/from work includes: travel between your home and your permanent place of work travel between permanent places of work Job-related travel includes: travel between your home and a non-permanent place of work travel between a permanent place of work and a non-permanent place of work travel between non-permanent places of work Exception: Even if the journey is travel to/from work according to the main rule, the following types of travel shall nevertheless be reckoned as job-related travel: travel when you are required to live away from home on account of your work (does not apply to travel for the purpose of home visits) travel to a place where you work for a maximum of 10 days during the income year travel between the home and permanent place of work in order to embark on an onward journey classified as job-related travel (only applies if you stay in the place of work for a short time and do not carry out any ordinary work whilst being there the same applies to the return journey) travel where your work requires you to regularly transport work equipment by car travel from the place where you are staying to your permanent place of work when summoned to perform necessary work outside normal working hours travel between your permanent place of work and a rendezvous point from which your employer, for example, organises further transport to an offshore facility, vessel or another country travel (additional travel) in excess of the distance between your home and permanent place of work when travelling to a permanent place of work via a non-permanent place of work travel (additional travel) in excess of the distance between your permanent places of work when travelling to permanent places of work via a non-permanent place of work. «Home» means your main residence, commuter accommodation or other overnight accommodation used during periods of work entailing stays away from home. What is regarded as a permanent/nonpermanent place of work? If you work in one place only in an employment relationship (as an employee/as a self-employed person or in connection with income-generating activities), that place is your permanent place of work. If, on the other hand, you have several places of work in connection with one employment relationship, your permanent place of work is the place where you carry out most of your work during the following two-month periods: January-February, March-April, etc. EXAMPLE: During the period January-February you worked for the same employer for five weeks in workplace A, 2 ½ consecutive weeks in work-place B and the rest of the time in workplace C. A) Under the two-month rule, your permanent place of work was A, while, according to the two-week rule, it was B. B) Your permanent place of work would be B, even if you worked one and a half weeks in February and one week in March, provided that the period of work was continuous. A place in which you work continuously for a period of more than two weeks (not necessarily calendar weeks) is regarded as your permanent place of work regardless of the two-month rule. If you are absent from work for up to three consecutive working days due to illness, holidays etc., these days are counted as working days under the two-week rule. If you have several workplaces during the course of a working day, you must spend more than half your working hours in one and the same place for it to be your permanent place of work according to the two-week rule.! The rendezvous point for being assigned work or preparing for work assignments is regarded as your permanent place of work if it remains the same for more than two consecutive weeks. If you have so many places of work that none of them can be regarded as the place in which you normally work, you are regarded as not having a permanent place of work. Cars Company cars The value of the benefit of private use of your employer s car is taxable income. If your right to use of the company car is not just sporadic (a certain regularity of use or use of a certain duration), the following rules shall apply even if the actual use is sporadic. The benefit is stipulated to be 30 percent of the car s list price as new up to and including NOK 275,700 plus 20 percent of the list price in excess of this amount; see the example below. «List price» means the list price used by the main importer on initial registration of the vehicle, including value added tax and vehicle scrap deposit. Freight and registration costs are not included. See the overview of list prices at skatteetaten.no/listepris. EXAMPLE: Free use of a car for the whole income year 2013 The list price of the car as new in 2013 was NOK 276,700. The taxable benefit is calculated as follows: For the first NOK 275,700, the benefit is calculated as NOK 275,700 x30% = NOK 82,710 For the next NOK 1,000, the benefit is calculated as NOK 1,000 x 20% = NOK 200 Total taxable benefit NOK 82,910 If the car was initially registered in 2009 or earlier, the value of the benefit shall be calculated on the basis of 75 percent of the car s list price. The same applies if the car was initially registered in 2010 or later and you can substantiate that job-related driving exceeded 40,000 km during the income year. If the car was initially registered in 2009 or earlier, and it is substantiated that job-related driving exceeded 40,000 km during the income year, the value of the benefit shall be calculated on the basis of percent of the car s list price. For cars powered by electricity alone (el-cars), the value of the benefit shall be calculated on the basis of 50 percent of the car s list price, regardless of the job-related driving distance. For el-cars that were initially registered in! 20 Tax Return 2013 Guidelines to the individual items