Sub-krone accounts lose reporting exemption in deposit reports

Banks, insurers, credit and financing companies, brokers, lawyers, cooperatives and others that file third-party reports on deposits, loans and interest (innskudd, utlån og renter) must now include accounts whose balance and interest are below one krone.Skatteetaten Skatteetaten's guidance for completing and submitting these reports previously excused such accounts with the sentence "Det skal ikke sendes oppgave over konti hvor saldo og renter er mindre enn kr 1."Skatteetaten That sentence has been deleted.Skatteetaten Accounts with a balance and interest under NOK 1 therefore fall under the standing rule that remains in place: a report must always be sent where there is a balance on a deposit account or accrued deposit interest, even for negligible amountsSkatteetaten, and likewise always where there is a balance on a loan account or accrued loan interest in the income year, even for negligible amountsSkatteetaten.

The duty itself sits in skatteforvaltningsloven § 7-3, which places the reporting duty for financial circumstances and insurance on banks, credit undertakings, financing undertakings, insurers and their holding companies, pension funds, securities firms and funds, investment firms and others that hold money under management or conduct lending as a business, with the associated forskrift. The guidance operationalises that duty for the deposit, loan and interest scheme: report deposits, deposit interest, loans and loan interest, including accrued interest for the income year, with foreign-currency positions converted under the guidance's rate rules, and including positions closed during the year such as settled accounts. Merger and portfolio-transfer cases keep their split-reporting rule, with interest and a zero or closing balance reported separately for the periods before and after the transfer.

In practice, reporters that held back accounts where balance and interest sat below NOK 1 under the deleted sentence must now include those accounts in the delivery like any other accountSkatteetaten. The change does not touch what counts as reportable — deposits, loans and their interest — only the floor below which nothing had to be sent, which no longer existsSkatteetaten. The remaining rounding rule is untouched: amounts round to whole kroner with items under 50 øre given as kr 0, and accounts with a kr 0 balance are reported.

Late or missing deliveries keep their sanction. Third-party information not delivered by the deadline can as a rule incur a tvangsmulkt, and reporters that miss the deadline can incur a daily penalty under skatteforvaltningsloven § 14-1; the guidance notes the penalty decision issues shortly after the ordinary deadline with a new date to deliver by, and the announced penalty does not start running if the information arrives within that new date. Reporters struggling with the submission deadline are told to contact Skatteetaten at the stated service address. Each reporter files under its Enhetsregisteret organisation number and sends the taxpayer a copy of what was filed.

For the next delivery, the responsible step is a concrete one: include the previously suppressed negligible-amount accounts in the delivery due by 20 January of the year after the income year, and use Skatteetaten's recommended test deliveries to catch errors before filing.

Legal basis: skatteforvaltningsloven § 7-3 on the duty to provide information on financial circumstances and insurance, with the associated forskrift, applied through Skatteetaten's guidance for third-party reports on deposits, loans and interest.