Regulations on valuation rules for use by taxation on wage deductions etc. (Salary deduction scheme) by persons taxed on Svalbard in fiscal year 2015 under the Act 29 November 1996 no. 68 relating to tax Svalbard


Date FOR-2014-12-16-1832


Affairs Ministry


Published In 2014 Booklet 18


Commencement 01.01.2015

Edited


Changes


For
Svalbard

Legal

LOV-1980-06-13-24-§7-1, FOR-1982-01-22-1998, LOV-1996-11-29-68

Promulgated
06.01.2015 kl. 15.10

Short Title
Regulations on valuation rules, Svalbard, 2015

Adopted by the Tax Directorate on 16 December 2014 pursuant to Act 13 June 1980 No.. 24 on Tax Assessment Administration (Tax Administration Act) § 7-1 no. 1 and delegating decision on 22 January 1982 No.. 1998.

§ 1. Valuation of benefits when the employee is taxed by wage deductions (payroll deduction scheme), the following benefits are valued as follows:

Freely stay (room and board)
£ 116 per. day

Board (all meals)
£ 83

Board (two meals)
£ 65

Board (one meal)
£ 43

The lodging (own room or shared room)
£ 33

Free housing
until 40 sqm
£ 2600 per. month

41-65 sqm
£ 3700 per. month

66-90 sqm
£ 5900 per. month

91-125 sqm
£ 6600 per. month

Over 125 sqm
£ 7600 per. month

If the employer subsidizes the taxable housing costs shall be made from tax if the actual rent is lower than the benefit rate for the free housing. The taxable benefit is determined as the difference between the benefit rate for the free housing and actually rent.
Free car £ 1750 per. month.
When calculating the benefit of employer-financed electronic communications shall be applied to the same rules and rates applicable on the mainland for 2015.

§ 2. Surplus from expense allowances etc. Surpluses on expense allowances are taxable.
When calculating the surplus allowances to cover the costs of travel / stays away from home, with or without accommodation, domestic and foreign, should be applied to the same rules and the same rates that apply to payment of withholding tax expense allowances on the mainland for 2015.
in calculating the profit of fixed remuneration for the use of own car in the profession, the third of the allowance, a maximum of £ 1550 per month, deemed accrued to cover expenses. The other part is taxable.
In calculating the profit of an employer's coverage of expenses for use of own car and own snowmobile in the profession, should be applied to the same rules and rates applicable for the payment of withholding tax expense allowances on the mainland for 2015.
For refunds of spending on electronic communications shall be applied to the same rules and rates applicable on the mainland for 2015.

§ 3. Implementation These regulations come into force from 1 January 2015.