$VAR (+0.28%) On July 11, 2025, Vår Energi AS published a new production forecast for the fourth quarter and at the same time confirmed its annual forecast for 2025. The company expects production of around 430,000 barrels of oil equivalent per day (kboepd) for the fourth quarter. For the full year 2025, Vår Energi expects production to be in the middle of the previously communicated range of 330,000 to 360,000 kboepd https://de.marketscreener.com/kurs/aktie/VAR-ENERGI-133025650/news/V-r-Energi-AS-gibt-Produktionsprognose-fur-das-vierte-Quartal-bekannt-und-bestatigt-Jahresprognos-50487457/

Here is the promised article on the refund of withholding tax on Norwegian shares. The first part deals with the preparations and the registration with the Norwegian tax authorities, the second part contains the completion of the online form.

As a placeholder times $EQNR (+0.72%) , $HAUTO (+0.42%) , $VAR (+0.28%) , $MPCC (+6.78%) , $TEL (+1.62%) , $AKRBP (-1.45%) , $TOM (-0.29%) exemplary.

Edit: This only applies to tax residents in Germany. Please enquire in Switzerland, Austria or elsewhere in Europe about the regulations that apply there. Many thanks to @GeldGenie who has created a corresponding article for Switzerland, which I am linking here: Quellentsteuer Schweiz

Norway has strong companies with some extremely attractive dividend payouts. However, some people are not aware that these dividends are subject to Norwegian withholding tax without any offsetting. This means that in addition to the 25% Norwegian withholding tax, the custodian bank also pays the capital gains tax plus solidarity surcharge and, if applicable, church tax, which means that less than half of the dividend is credited.

Don't worry, the money is not gone, it just belongs to someone else for the time being. Norway refunds 10% withholding tax on application. This can be done easily and online and can also be done retroactively for several years, for a maximum of 5 years. You can get the remaining 15% from the German tax authorities via your income tax return. A few more tips at the end.

First collect all dividend vouchers showing the withholding tax deduction. Most companies pay out quarterly, so there should be 4 receipts per calendar year. You will need these in pdf format. If you are applying for a refund for several years and have more than one share in your portfolio, here is an important note: You can submit a maximum of 10 PDFs of 50 MB each attached. I will then combine the individual receipts per share into one PDF.

Apply for the tax residence certificate at your local tax office. You can find the form at: https://www.formulare-bfinv.de/ffw

Enter form 034450 in the search. You can fill out the form in your browser and then save it as a PDF and print it out. Important! Send it signed in duplicate to the office. A short cover letter with the subject "Application for a tax residence certificate for the purpose of reimbursement of overpaid withholding tax in Norway" and a short two-liner are helpful. I usually receive a confirmation copy back after 1 to max. 2 weeks. Scan and save as PDF.

Then you can already register in Norway. Under the following link Bei Altinn anmelden you can create a new user. The site is only available in the national language or in English. I use English and have activated the automatic website translation via Google, then it even works in German ;-) For the first registration, logically create a new user. Username, email, password and the security question and continue.

When you receive confirmation that a new account has been created for you, click on done and that's it with the preparations.

You will receive a 10% withholding tax refund via this process. More is not possible, even if it is described differently in various forums. You can tick the maximum refund in the form, but an error message always appears before you submit the form. So simply get 10% tax back quickly and easily and then the rest via the German tax office. If you have submitted the application in Norway quite early in the year, the refund amount should be certified by the submission deadline in Germany. Otherwise, simply take the difference (25% - 10% potential refund = 15% withholding tax on your total dividends) and enter this amount, or add it to any other amounts applied for. In the first step, tax declarations are made paperless anyway, so you can relax and have the receipt from Norway until any queries arise. However, I see difficulties with the German FA recognizing this retroactively. I therefore handle it a little more elaborately and actually have the withholding tax refunded annually and the rest via the income tax return at the same time.

If you have never done the refund in Norway before, then at least get the 10% back for the last few years and the 15% for 2024 via the KAP annex. Depending on the amount, you decide which way you want to go.

If you have any questions, please leave them in the comments and I will try to answer them as soon as possible.

Part 2 will follow in a few days with details on the form and further tips.

A little insight into what Grandpa buys when the opportunity arises. Today I took advantage of the low at $VAR (+0.28%) and filled my position. I now hold a total of 5000 shares. After the last figures were rather mixed, the outlook for the next 2 years looks much better. As a dividend stock, the share is typically a cross-country runner without major growth ambitions, but with fluctuations that can be used for a trade or, as for me, for an additional purchase to increase cash flow. Strongly positioned in production on the NCS is $VAR (+0.28%) Norway's second largest gas supplier after Europe.

But don't be fooled by the high dividend, the 25% withholding tax in Norway is added on top of the normal deduction in Germany, i.e. only a little less than half of the distribution goes into your account. However, the withholding tax refund for Norway runs quite smoothly and online, the little effort is worth it and within a relatively short time the money is back where it belongs, in my account. I will provide a detailed article with instructions on the refund procedure in the near future.

$VAR (+0.28%)
#kundendienst Please adjust the data regarding the dividend amount. You have put the decimal point wrong here. 138% annual dividend :D

Hi getquin community :)

I'm currently trying to decide on a relatively simple approach that should give me good exposure to growth stocks, while at the same time getting a decent amount of dividends for psychological reasons as I want to motivate myself. In the future I may avoid individual stocks, but for now the stocks I've chosen are there to give me more exposure to the energy and real estate sectors and more dividends.

My portfolio goal is:

$CSPX (-0.29%) - 25%

$TDIV (-0.35%) - 25%

$EXXT (-0.35%) - 25%

$SDHY (-0.48%) - 5%

$O (-0.12%) - 10%

$VAR (+0.28%) 5%

$HAUTO (+0.42%) - 5%

Ideas/feedback are very welcome!

Edit: translated into German (please forgive any mistakes) and simplified my post as it was too confusing.

Position full for now with 7700 shares. I expect demand for commodities/oil to continue until at least early/mid 2026.

Major shopping spree January 2024

Share/ETF number 5/18

Enough oil in the portfolio in the short term. More will be added in the longer term.

Thus 5,816 shares. The longer-term target is 10,000.