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.
The Norwegian Tax Administration performs identity controls of foreign employees in Norway. This means that all foreigners working onshore in Norway are required to meet at a tax office to verify their identity.
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 you will find an overview of your rights and obligations if you become subject to a tax audit.
All businesses that operated in Norway in 2020 must file the corporate tax return by 31 May 2021. An extended deadline may be granted upon application.
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 who performed work in Norway in 2020? 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. 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.
Foreign enterprises that direct their business towards the Norwegian market will at some point face Norwegian VAT regulations and must know how to act. Learning the basics of Norwegian VAT regulations enables you to get the VAT deductions you are entitled to and can also help you to avoid expensive mistakes.
Enterprises doing business in Norway are not entitled to deduct input VAT for their acquisitions until the enterprise is formally registered for VAT. An ordinary registration can, as a main rule, only take place after a Norwegian turnover is documented. In the stage of starting up the Norwegian division, this delay can be both unpractical and offer a significant liquidity disadvantage.
On October 7, 2020, the Norwegian Government presented its national budget for 2021. The national budget makes several changes to taxes and fees in Norway. In this bog post we are summarizing the temporary exception from limited tax liability for home office work.