skattefastsetting

Skattefastsetting is the official determination by a tax authority of a taxpayer’s final tax liability for a given year. The term is used in several Nordic and European contexts to describe the act of calculating the amount of tax due after the tax return has been filed and additional information held by the authority has been reviewed. The result is communicated in an assessment notice, which states the calculated tax, any adjustments, and the due dates for payment or refund.

Process and sources of information: Skattefastsetting combines the taxpayer’s declared income, deductions, and credits with data the authority collects from employers, banks, property records, and other public or private sources. In many systems the process may begin with a preliminary or provisional calculation and culminate in a final assessment after review and possible verification of documentation.

Corrections and adjustments: The tax authority may revise the assessment if new information emerges or if errors are found. Taxpayers can also request corrections or file an amendment to their return within specified time limits.

Payment, refunds and penalties: If the final assessment shows more tax is due, the taxpayer pays the difference by the stated deadline. If the amount is reduced or a refund is due, payment or credit is issued, sometimes with interest. Deliberate misreporting can lead to penalties or sanctions under applicable laws.

Appeals and review: Taxpayers typically have a right to appeal the assessment to an appeals body or tax tribunal within a statutory period. The authority may reassess in response to the appeal, and further remedies may be available.

See also: tax assessment, tax return, assessment notice, tax appeal.