Do you have undeclared assets or income abroad? Now is the right time to apply for a voluntary correction.
In many cases it is difficult to establish whether a foreign company must register for VAT in Norway. Is there a sufficiently strong connection between your business and Norway to trigger registration obligations?
Foreign businesses with activities in Norway are required to report their assignments and employees to Norwegian tax authorities. The report is filed through an online portal, or by completing and submitting a paper form named RF-1199 for reporting of contract and RF-1198 for reporting of employees.
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.
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.
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.
Do you have employees working in Norway? Foreign enterprises with business activities in Norway are obligated to declare employment and income information for personnel working in Norway. This also applies to personnel who are non-taxable to Norway.
Topics: Corporate Taxes
The basic rule is that all Norwegian companies and foreign enterprises conducting business activities in Norway are subject to Norwegian corporate tax.
Do you have employees who performed work in Norway in 2019? Don’t forget the annual wage report.
Non-Norwegian enterprises doing business in Norway will find that the basic Norwegian compliance obligations are rather burdensome, and failure to comply commonly results in severe sanctions. As always, it is better to do the right things from the beginning than to tidy up afterwards.