Obligation to Register in Norway

Value Added Tax (VAT) Registration requirement

Both AS (private limited companies) and NUF (Norwegian-registered foreign companies) must register in the VAT Register when their turnover in Norway exceeds NOK 50,000 over a 12-month period

No VAT Representative Required

Inside the EU/EØS

Businesses established within the EU or EØS are not required to appoint a VAT representative. They can register directly with the Norwegian VAT Register and handle reporting obligations on their own

VAT Rates in Norway

VAT rates

The standard VAT rate in Norway is 25%. Reduced rates apply to certain goods and services.

Norwegian VAT & Tax Calendar

VAT Deadlines & Reporting Periods

Most businesses in Norway file VAT every two months. Key deadlines include:

• March 10 – Jan–Feb

• May 10 – Mar–Apr

• July 10 – May–Jun

• Sept 10 – Jul–Aug

• Nov 10 – Sep–Oct

• Jan 10 – Nov–Dec

Some businesses report quarterly or annually based on turnover

Press on the Tax Calendar to access the real time calendar

Do You Need an Auditor in Norway?

NUF (Norwegian Branch of Foreign Entity)

• Audit required if the foreign parent company would have audit obligations in Norway (based on size thresholds)

• NUF with revenue over NOK 5 million often needs to submit annual accounts and may be subject to audit

• Small NUFs may avoid audit depending on activity and parent company rules

Norwegian Limited Company (AS)

• Audit is mandatory if 2 out of 3 thresholds are exceeded:

  • Annual revenue > NOK 7 million

  • Total assets > NOK 27 million

  • Average annual employees > 10

  Exemption possible for small AS:

  • Below all 3 thresholds

  • Must be approved by the general meeting

  • Must notify the Brønnøysund Register Centre

  Applies to both new and established AS

Norwegian Financial Reporting Requirements

Private Limited Company (AS)

• Annual accounts are mandatory for all AS, regardless of size.

• Must include:

  • Income statement

  • Balance sheet

  • Notes

  • Annual report (for larger entities)

• Filing deadline: July 31 (must be submitted to the Register of Company Accounts)

• Approval deadline: June 30 (by the general meeting)

• Auditor’s statement required if the company is audit-obligated

NUF (Norwegian-Registered Foreign Company)

• Filing requirements depend on:

  • Turnover in Norway

  • Parent company’s home country rules

• NUFs with turnover exceeding NOK 5 million must normally file annual accounts in Norway

• Can often submit the parent company’s financials (translated and adapted)

• Audit may be required depending on size and group structure

Norway’s Agreements with the EU

Avoiding Double Taxation

Norway has tax treaties with EU countries to prevent double taxation. As a business owner with a company in Norway, you usually pay corporate tax there. Your home country may also tax dividends, but typically gives credit for taxes paid in Norway. These treaties define which country can tax what

CRN & D-number First Bank Account Comes Later

Banking in Norway Not Always Easy or Cheap

Setting up a bank account in Norway can be costly and complicated. Strict ID checks and fees are common. A multi-currency account (valutakonto) may help bypass some challenges, especially for handling foreign currencies

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