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    Norway – corporate tax alert

    By Christian Lyngholm Fjeldsøe - Associate lawyer 9. October 2020

    Norway is about to introduce withholding tax on interest, royalties, and certain lease payments.

    On October 7, 2020, the Norwegian Government presented its national budget for 2021, including several changes to the tax rules in Norway.

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    Topics: Corporate Taxes, Business in Norway

    PAYE tax scheme in Norway

    By Inger Lise Løvneseth - Partner 22. September 2020

    From 2019, a new and simplified tax scheme is available for foreign workers in Norway. The scheme is called PAYE (Pay As You Earn). Most foreign workers will fall under this scheme the first year they work in Norway.

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    Topics: Corporate Taxes, Work in Norway, Tax return in Norway, Business in Norway

    6 tips for businesses: How to get a VAT refund in Norway

    By Synnøve Sørdal - Lawyer 2. September 2020

    Businesses that acquire goods and services in Norway, will be charged with Norwegian VAT to the same extent as Norwegian businesses. As foreign businesses are not VAT registered in Norway, they are unable to have the VAT repaid over the regular bimonthly VAT returns. Instead, they can apply for a VAT refund to the Norwegian tax authorities.

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    Topics: Corporate Taxes, VAT, Business in Norway

    Be aware of the strict rules for termination of employment in Norway

    By Erik Engeland - Lawyer 20. August 2020

    Do you have employees working in Norway? If so then you should be aware of the extensive and mandatory protection employees are given according to the Norwegian Working Environment Act.  These rules are particularly important when dealing with the dismissal of an employee.

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    Topics: Labour Law, Work in Norway, Business in Norway

    Norwegian employment contracts – do’s and don’ts

    By Ellen-Karine Hektoen - Lawyer 28. July 2020

    Many foreign employers are surprised at the protection employees in Norway have. The Norwegian regulations are especially stringent when it comes to the mandatory system for holiday and holiday pay, the regulations relating to working hours and the dismissal rules. So how do you draft the employment contracts in order to preserve your freedom to manage?

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    Topics: Labour Law, Work in Norway, Business in Norway, Contracts

    Employer’s National Insurance contributions in Norway

    By Christina Fahle - Lawyer 2. June 2020

    Are you a foreign company, having employees working in Norway? Make sure you are compliant when calculating and paying the employer’s National Insurance contributions.

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    Topics: Corporate Taxes, Work in Norway, Business in Norway

    Norwegian business culture

    By Magnus Legal 19. May 2020

    Whether you are planning a business trip to Norway, relocating or setting up a new business here, an understanding of the common Norwegian and of Norwegian business culture, could really help you off to a good start. This is key to quickly build a sustainable business and to settle in.

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    Topics: Work in Norway, Business in Norway

    Import of services – reverse charge in Norway

    By Øystein Vågsether - Lawyer 21. April 2020

    VAT must be paid on purchase of services from abroad If the services are VAT liable in Norway.

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    Topics: VAT, Business in Norway, Import to Norway

    Corporate tax return in Norway

    By Martin Wikborg - Partner 16. April 2020

    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.

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    Topics: Corporate Taxes, Tax return in Norway, Business in Norway

    Remember to file your extract of accounts to the Norwegian tax administration

    By Inger Lise Løvneseth - Partner 7. April 2020

    All companies that have assets or receive income in Norway must submit an annual tax return. This annual tax return must include, an extract of accounts related to the company’s Norwegian turnover/activity.

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    Topics: Corporate Taxes, Tax return in Norway, Business in Norway

    Welcome to the Magnus Legal blog

    We share relevant and applicable information related to doing business in Norway. Our lawyers focus on the practical implications for our clients of relevant business legislation, such as how to tender, how to draft and win contracts in Norway, how to establish and operate a Norwegian business and how to comply with the tax regulations.

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