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Norway's Tax Blog – tax, VAT and legal matters

Norway's Tax Blog – tax, VAT and legal matters

New rules for web-shops trading with Norwegian customers

By Per Kirknes , 21-Nov-2018 13:17:18

Norway currently has a low value VAT and customs relief for consignments not exceeding a value of NOK 350 (appr. 35 EUR). The majority in the Norwegian Parliament has decided to remove this relief from 1. January 2020.

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Areas of interest: VAT rules

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Changes to the Norwegian interest deduction limitation rules

By Einar Riddervold , 24-Oct-2018 14:12:05

Published on 8 October 2018, the 2019 National Budget proposes to amend the Norwegian interest deduction limitation rules. The amended rules apply to companies part of a consolidated group, and limit interest deductions on bank loans, bonds and other debt to unrelated parties. The threshold amount, which determines whether the rules apply, is increased to MNOK 25. Where the threshold amount is exceeded, deductions are limited to 25 % of taxable EBITDA. Further, an equity escape clause is introduced, granting full deductions for interests if the taxpayer is able to demonstrate that the equity ratio in the Norwegian part of the company or the Norwegian part of the group is about the same as in the group as a whole. Companies subjected to the new rules are recommended to identify how the new rules may affect them and whether measures should be taken.

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Areas of interest: Corporate tax

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National Budget 2019 - Corporate taxation, VAT and personal taxation

By Jennifer Wong og Camilla Fingarsen , 08-Oct-2018 15:25:01

The national budget for 2019 was presented on 8 October 2018. This article provides an overview of the main proposals regarding corporate taxation, VAT and personal taxation.

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Areas of interest: Corporate tax, VAT, personal taxation

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Worldwide tax summaries 2018/2019 - just published!

By Kristine Veiteberg Braaten , 02-Oct-2018 10:10:44

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Our worldwide tax summaries for 2018/2019 recently got published!

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Areas of interest: Corporate tax

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How to handle VAT in the digital world? Current EU VAT rules and upcoming changes in the EU

By Diana Geilhufe , 12-Sep-2018 17:09:16

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The digital economy is blooming as never before. The Internet allows constant delivery of online supplies to consumers all over the world at any time of a day and night. Current VAT rules are not customized to such innovative business solutions - what results in challenges in the collection of VAT and creates burdensome VAT compliance obligations for companies. In this context the European Commission has taken actions to modernise the VAT system and proposed major changes. Is your company prepared?

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Areas of interest: VAT

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Revised National budget 2018 – Corporate taxation, VAT and personal taxation

By Camilla Fingarsen , 15-May-2018 15:33:50

The Revised National Budget was presented today at 1045 am, and provides few surprises. The main message is that the government is keeping a steady course after the tax settlement.

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Areas of interest: Corporate tax, VAT, personal taxation

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Does Country-by-Country Reporting notification apply to branches?

By Eivind Faafeng Falck-Ytter , 26-Feb-2018 14:10:57


Yes and No.

Country-by-Country Reporting (“CbCR”) notification requirements in Norway exclusively apply to tax residents, cf. Tax Administration Act (TAA) section 8-12 third paragraph. As branches of foreign enterprises are not tax residents, branches are not obliged to make Country-by-Country Reporting notification in Norway.

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Areas of interest: Corporate tax

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Tax treaties need a safety valve

By Øystein Andal , 06-Feb-2018 08:59:33

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Transfer Pricing is a hotter topic than ever before. Norwegian Tax Authorities scrutinize intra-group transactions, and often claim that the taxpayer has applied incorrect transfer prices. Income taxable to Norway is increased accordingly.

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Areas of interest: Corporate tax

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Introduction of SAF-T in Norway postponed to 2020. Don't panic!

By Marit Barth , 18-Jan-2018 11:54:24

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It will be mandatory to report on SAF-T format to the tax authorities from January 1, 2020.

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Areas of interest: SAF-T

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ESA has approved the Norwegian tonnage tax regime for a new 10 years period

By Hilde Thorstad , 18-Dec-2017 15:00:14

ESA approved the Norwegian Tonnage Tax Scheme for another 10 years. The approved scheme implies certain amendments, including limitations for bareboat chartering out of vessels and inclusion of windmill farm entrepreneurial vessels to the scheme. An overview of the most significant changes is presented below.

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Areas of interest: Næringsbeskatning

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