VAT AND CUSTOMS IN NORWAY
VAT and customs expert with comprehensive and practical insight
Adhering to Norwegian VAT regulations is crucial when conducting business in Norway. Managing value-added tax is intricate and directly impacts your business's economy. To ensure compliance, we work closely with you to integrate tax considerations into your operations and finances, providing the best solutions for you and your company.Experts in VAT and customs with extensive experience
Our lawyers have extensive experience with value-added tax (VAT) in the business sector and have worked closely with accountants across Norway since 2005. This collaboration has given us unique insights into the financial challenges faced by corporations, which we apply when working with you.
With a solid knowledge of legislative changes and extensive practice in VAT, customs, and taxation, we are well-equipped to understand your needs and provide practical advice that directly applies to your business.
VAT and customs
- VAT liability assessment.
- VAT compliance.
- Registration in the VAT register.
- Assessment on import, excise duties, and more.
- Import VAT assistance and customs credit application.
- VAT representation.
- VAT reporting.
- VAT refund applications for foreign enterprises.
- Norwegian accounting legislation.
- Guidance on the appropriate treatment of VAT.
- Company registration in Norway.
- And more.
VAT handling in Norway
Adhering to Norwegian rules and regulations is crucial for conducting business in Norway. One of the most significant aspects is the handling of value-added tax (VAT). This requirement applies to any company that sells goods or services to a Norwegian entity or operates within Norway, necessitating compliance with VAT regulations. Here is an overview of the VAT system in Norway.
The type of corporation you choose is of great importance in relation to liability, risk, tax, rights, and duties. You should weigh the risks and income opportunities related to the different types of entities against each other.
The normal VAT rate is 25%. However, some goods and services have a lower rate of 15% and 12%, and some are VAT exempt.
If you are importing goods, you are responsible for clearing and reporting the goods correctly.
VAT on imported goods is deferred to your VAT return. Make sure you report the correct transactional value of the goods.
VAT returns are submitted bi-monthly. The return must be submitted, and VAT must be paid within one month and then days after the end of each period, even when there is no turnover.
Missing the deadline will result in penalties, and interest charges on the late amount.