ILOverklaring

ILOverklaring, also known as an "Income and Tax Assessment" in English, is a document provided by the Norwegian Tax Administration (Skatteetaten) to residents of Norway. It serves as an official record of an individual's income, taxes paid, and any tax deductions or credits for a given year. The purpose of the ILOverklaring is to provide transparency and clarity regarding an individual's financial interactions with the government, ensuring that both the taxpayer and the authorities have a consistent understanding of the tax situation.

The ILOverklaring includes various types of income, such as wages, pensions, rental income, and capital gains. It also details the taxes withheld from these income sources, including income tax, social security contributions, and any other relevant levies. Additionally, the document outlines any tax deductions or credits that the individual may be eligible for, which can reduce the overall tax liability.

This document is crucial for several reasons. It serves as proof of income, which can be required for various purposes such as applying for loans, mortgages, or government benefits. It also helps individuals verify that the correct amount of tax has been paid, ensuring compliance with Norwegian tax laws. If discrepancies are found, individuals can use the ILOverklaring to request corrections or adjustments from the Norwegian Tax Administration.

The ILOverklaring is typically issued annually and can be accessed online through the Norwegian Tax Administration's website or via a secure digital mailbox. It is important for residents to review their ILOverklaring carefully to ensure accuracy and to address any issues promptly.