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Invest in Norway: Taxes and VAT
- This high-level guide (which says it is not legal advice) gives a standard corporate income tax rate of 22%, with separate regimes for petroleum, shipping and hydropower. It reports a 0.66% effective rate for dividends and share-sale income from Norwegian limited companies (AS) to other Norwegian corporate entities. Treaties may reduce or exempt some taxes for foreign entities or individuals. Companies file annual returns by 31 May after the income year and may owe advance tax; treaty benefits must be claimed in filings with proof of tax residence.
- VAT registration is required above NOK 50,000 in annual turnover from goods or services in Norway. The page lists VAT rates of 25% standard, 15% for food and 12% for certain services; most VAT returns and payments are due every two months. It flags exemptions and recommends professional VAT advice.
- Operating and employee costs are deductible, with depreciation varying by asset type (examples: 20% for machinery and 2% for buildings). SkatteFUNN offers a 19% R&D cost tax deduction for eligible Norwegian companies. Businesses must keep accurate records, file annual accounts and generally retain records for at least five years. AS companies typically need an auditor and must approve and file annual accounts within six months of fiscal year-end, though some small firms may qualify for an audit exemption.
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