Do you have undeclared assets or income abroad? Now is the right time to apply for a voluntary correction.
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.
Moving to or from Norway triggers many tax questions. The most common questions are related to Norwegian resident criteria and tax return obligations.
Everyone who has capital or income from work performed in Norway must submit a tax return. The due date for filing your tax return 2019 is 30 April 2020.
Do you have to live somewhere else than your real home, to work? Then you may be considered to be a commuter and thereby entitled to several tax deductions in Norway.
Anyone who receives income from work in Norway or on the Norwegian continental shelf, is required to file a Norwegian tax return.
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.
Working abroad? Avoid paying double social security contributions by submitting the A1 form. A1 is an official EU form confirming that a person is still a member of the home country's social security.
Work assignments across borders are common, but it can be a problem to recruit personnel with the right qualifications for positions abroad. One reason may be the uncertainty related to tax rates in a foreign country. Tax issues could cause doubts for employees offered international assignments.