Overview of tax obligations and VAT in Norway

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The sitemap URL redirects to the Invest in Norway “Taxes and VAT” resource. It says the page gives a high-level overview for companies considering establishing in Norway, is not legal advice, and links to official resources.

The page lists a 22% standard corporate income tax rate, with special regimes for petroleum exploration, shipping and hydropower. It describes annual company tax returns, an indicated 31 May filing deadline for the year after the income year, and advance payments. It says Norway has tax treaties with many countries and treaty benefits are claimed through Norwegian filings with proof of tax residency.

For VAT, the page states a registration threshold of NOK 50,000 in annual turnover for sales of goods or services in Norway; standard VAT of 25%, with rates of 15% for food and 12% for certain services; and generally bimonthly VAT returns and payments. Some goods and services may be exempt. It advises checking obligations with a VAT professional.

Other points on the page: operating and employee costs and asset depreciation may be deductible; listed depreciation rates range from 20% for machinery to 2% for buildings; SkatteFUNN is described as a 19% deduction for qualifying R&D project costs; businesses must keep financial records and file annual financial statements, with records retained for at least five years. It says the fiscal year is typically the calendar year, AS companies generally need an auditor, and small companies may qualify for an audit exemption under specified criteria. Verify current tax rules and eligibility with the Norwegian Tax Administration or qualified advisers.

Official links on the page: Norwegian Tax Administration corporate tax, tax return, and VAT pages; Research Council of Norway SkatteFUNN. Contact link: Invest in Norway.