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.
Topics: Corporate Law, Corporate Taxes, VAT, Labour Law, Work in Norway, Tax return in Norway, Business in Norway
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.
Topics: Corporate Taxes, VAT, Business in Norway
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.
Topics: Corporate Taxes, VAT, Business in Norway
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.
Topics: Corporate Taxes, Corona virus
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.
Topics: Corporate Taxes, Business in Norway
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.
Topics: Corporate Taxes, Work in Norway, Tax return in Norway, Business in Norway
Anyone that conduct business activities in Norway is liable to register the company with the Norwegian authorities. This also applies even though the activities are not performed by the company itself, i.e. if the entire assignment is contracted out to subcontracts.
Topics: Corporate Law, Corporate Taxes, VAT
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.
Topics: Corporate Taxes, VAT, Business in Norway
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.
Topics: Corporate Law, Corporate Taxes, Work in Norway, Tax return in Norway
Do you have undeclared assets or income abroad? Now is the right time to apply for a voluntary correction.
Topics: Corporate Taxes, Tax return in Norway
