Tax compliance services in Norway

For companies doing business across borders, tax is fast becoming one of the single largest compliance burdens and expense items. To boost their revenue bases, hard up governments across the world are raising tax rates or increasing audit or administrative requirements to trigger fines and interest penalties. The burden can quickly seem overwhelming, especially when dealing with multiple jurisdictions.

Tax compliance

Our specialist tax professionals around the world are experts at managing both direct (corporate income tax) and indirect (VAT, GST, sales taxes, IPT) tax compliance. Each year, we complete more than 200,000 tax filings across most jurisdictions, ensuring that the reporting is complete, all deadlines are met and that clients have full control of the whole transparent process. We’re also increasingly helping international companies to manage their Withholding Tax obligations. Let us take care of the hassle of compliance and reporting requirements, so you can stay focused on your core business.

Our Norwegian offices can provide you with the following tax compliance services:

  • Registration with the tax authority
  • Assistance with tax calculations and settlements
  • Preparation and submission of tax declarations
  • Managing filings and payments through local bank accounts
  • Handling parafiscal charges and stamp duty
  • Fielding queries from the authorities 
  • Responding to basic questions, notices or assessments from the tax offices
  • Assistance during tax audits

The major taxes applicable to legal entities established in Norway are:

Corporate income tax: Our corporate income tax (CIT) experts work alongside our accounting and reporting teams to ensure that your direct tax reporting obligations are fully met.

VAT: Registered companies are required to submit monthly or quarterly filings and make regular VAT payments. Every country has specific requirements, enforced via tough penalties and interest charges. We are on top of the rules and can help your business to stay fully compliant, removing any uncertainties you might have about potential delays or penalties relating to your VAT returns. If your business incurs foreign VAT, you may be able to recover some or all of it. TMF Group offers an efficient and secure service to process and repay VAT reclaims rapidly, helping to improve cash flow.

EC Sales List: Sales to EU customers outside of a company's home state may have to be reported on the EC Sales List (ECSL). Typically filed on a quarterly basis (although this varies around the EU), the ECSL details the customers' name, local VAT registration number and the value of the taxable supplies. Reporting thresholds for each EU country vary.

Special taxes: Norway also has special taxes on the income from petroleum extraction and hydro power plants. While shipping companies are exempt from income taxation, they instead pay a tonnage tax on vessels they own (and in some cases the vessels they hire).

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