Foreign multinationals that wish to expand their activities to Norway must consider which kind of legal entity and corporate structure they should use. The choice may have impact on the success in doing business in Norway as well as a multitude of legal and compliance implications.
Non-Norwegian enterprises doing business in Norway will find that the basic Norwegian compliance obligations are rather burdensome. Failure to comply commonly may results in severe sanctions. As always, it is better to do the right things from the beginning than to tidy up afterwards.
To pay Norwegian tax every year of almost 1% of the global net wealth – including on the home, cars, shares, bank savings, etc. situated outside Norway – may come as a surprise for many foreigners working in Norway.
Topics: Tax return in Norway
As a main rule, all businesses operating in Norway must file a corporate tax return by 31 May. Due to the outbreak of the Coronavirus, the deadline is postponed for three months this year, from 31 May to 31 August.
Updated 3 April 2020: The Norwegian Government has introduced several measures to combat the spread of the Corona virus and to provide economic assistance to the enterprises that are affected.
Topics: Corona virus
The basic rule is that all Norwegian companies and foreign enterprises conducting business activities in Norway are subject to Norwegian corporate tax.
The Norwegian tax office frequently conducts tax audits. You should therefore not be surprised if this hits you or your company. Our advice is to not panic and lean on professional expertise. Below is an overview of your rights and obligations if you become subject to a tax audit.