Home » News » The tax return 2020 – The loss that delays the tax money

The tax return 2020 – The loss that delays the tax money

The money you have credited can come into your account in a few weeks – or in May and June, which applies to most of us.

– If you and your spouse submit the new tax return on Skatteetaten.no, you can receive the tax settlement with money in your account within a couple of weeks after you have submitted it, says tax director Nina Schanke Funnemark.

This delays the payout

Those who deliver the tax return automatically and not goes to the website and sends it himself, however, has to wait until June to get the tax money, while those who deliver on paper, get the tax settlement only in August.

Another exception for receiving the tax money you receive within a short time is if you are taken out of control by the Tax Administration.

The preliminary tax calculation shows that three out of four employees and pensioners are likely to receive a tax refund. A total of 2.7 million inhabitants will receive more than NOK 32 billion back from the tax settlement for 2020.

Therefore, you get residual tax

At the same time, there are also many who owe taxes – as much as one million must be prepared for residual tax. They owe NOK 24 billion that must be paid to the Tax Administration.

One reason why some people receive residual tax may be that they did not travel to work last year due to the pandemic. Therefore, this time there is also no completed deduction for travel between work and home in the tax return.

– If you have traveled to work for all or part of 2020 exactly as you usually do, you must fill in information about this in the tax return, says the tax director.

Some also received lower interest rates on their loans last year. This leads to smaller tax deductions.

Here, most people get money back – and tax breaks

I Inland the lowest hangover is expected for those who owe taxes. On average, there is an extra bill of NOK 16,299 for over 60,000 inhabitants.

Oslo tops tax slam list: Here, more than 141,000 taxpayers must prepare for a backlash that is on average as much as 37,660 kroner.

Among municipalities is it in Lurøy in Nordland that the inhabitants can expect the country’s juiciest hangover: 314 people have to pay an average of 89,124 kroner.

They are followed by the municipalities Voice in Nordland and Frøya in Trøndelag: Here, those who owe residual tax to the Tax Administration must pay an average of NOK 78,355 and NOK 68,514.

Those who can rejoice loudest, live in Austevoll in Western Norway, as well Værøy and Train in Nordland: Here, the highest averages are expected on payments to residents who have tax money to their credit. On average, they get NOK 25,407 back in Austevoll, and NOK 23,428 and NOK 23,339 in Værøy and Træna, respectively.

TAX LISTS: Are you curious about what, for example, Petter Northug earned last year? How to check! Video: Ingebjørg Iversen / Dinside
view more

Postponed deadline

During March and April, almost five million Norwegians received the tax return for 2020. Here is also the preliminary tax calculation. It says what you are likely to have to pay in arrears tax, or what you have in credit.

– It is only when you get the tax settlement that you get the final calculation of tax. In the tax settlement, any changes and new information you have performed yourself have been taken into account, says Funnemark.

She emphasizes that even though the tax return is pre-filled, it is not completed. There may be information that you have to fill in yourself, for example about deductions, extra income or values ​​in other countries. It is therefore important that you check that the information is correct.

The deadline for submitting changes to the tax return is 30 April for employees and pensioners, but you can apply to have the deadline postponed by one month.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.