To ensure uniform deliveries to all our clients, and remain updated regarding changes and trends, we cooperate internationally, nationally and regionally and transfer experience across the organisation. Our presence in more than 70 locations throughout the country means that we are also familiar with the challenges facing your business in the local market. Indeed, we believe that the combination of our business sector experience and our local knowledge ensures that our clients obtain the best...
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06 November 2018
With effect from 2017, responsibility for handling VAT on imports payable by VAT-registered businesses was transferred from Norwegian Customs to the Norwegian Tax Administration.
With effect from 1 January 2017 all cash register systems have been required to comply with the Norwegian Cash Register Systems Act and associated Cash Register Systems Regulations. All those with a duty to keep accounting records must have a cash register system that complies with the new...
New rules for the taxation of benefits in kind come into force on 1 January 2019. Here is an overview of the most important changes, as well as some details of issues yet to be clarified.
Since 1 January 2017, suppliers to the Norwegian market have been subject to the Cash Register Systems Act and the Cash Register Systems Regulations. This legislation, which we discuss in further detail in a separate blog post intended for bookkeepers, is introduced to prevent the possibility of...
In a revised 2018 budget, the Storting adopted new rules for foreign employees. The purpose was to introduce simpler rules for taxing persons who reside abroad but work in Norway. The scheme will primarily apply to foreign employees on short stays in Norway.
In 2014 Norway introduced interest limitation rules restricting deductibility on interest on related party debt and debt secured by related parties. A related party loan is deemed to exist where an entity or individual party to a loan agreement directly or indirectly owns at least 50% or exercise...
The Norwegian Government has proposed amendments in the rules on corporate tax residency. The aim is to address tax avoidance strategies and to ensure that companies with sufficient connection to Norway are deemed resident and liable to pay taxes for their world wide income in Norway.
Physical presence is a fundamental principle of international taxation. If a company sells goods and/or services to consumers in Norway but does not have a physical presence in the country, Norway will not have the taxation rights to the income generated from these sales. This is because it is...
15 May 2018, the Norwegian Government submitted a Revised 2018 National Budget. There are no substantial changes or major surprises, but some minor changes are proposed. We will give you a short summary of the most important changes: