Webcast series: Extended Producer Responsibility (EPR). An acronym all functions should understand what it means and how it impacts them.  ..read more

The resource rent taxation for onshore wind power announced on 28th September last year is now likely to be introduced. In the proposal for the State budget for 2024 issued on 6th October the resource rent tax was included, and although the State budget is not final but subject to political debate before being finally resolved, it is at this point likely that we will see the resource rent tax on onshore wind coming. The proposal includes some significant changes to the consultation paper that was issued earlier this year. We discussed the previous proposal in a blog post here  ..read more

The 2024 budget was presented at 09.00 today. Here follows an overview of the most important proposals for changes in the tax and VAT area. We have divided the news under the main topics 1) Corporate tax, 2) Personal tax, and 3) VAT ..read more

If you are a foreign business operator who conducts taxable and/or VAT liable business in Norway, you have a bookkeeping obligation according to the Bookkeeping Act. This also includes the requirement that the bookkeeping information must be available in a standardized form, known as SAF-T Accounting. Even for the foreign business operators who are registered in the VAT Register with a representative, it is important to note that there are no specific exemptions from these requirements ..read more

The Swedish company Boozt has just won a case against the Norwegian Tax Administration in Oslo District Court. Boozt was granted the right to simplified VAT registration in Norway, instead of ordinary VAT registration. This means that the company can save about 45 MNOK per year in customs duties, and also save a lot of administration. The judgment is also relevant for other foreign companies that sell online to Norway ..read more

Norway has recently concluded two important agreements that affect the social security rights of persons who work or live within the EU/EEA area. One of the agreements concerns a new framework agreement for telework, which aims to provide more flexibility to workers and employers who wish to use this option. The other agreement concerns social security coordination with the United Kingdom, which aims to ensure that persons who are affected by Brexit do not lose their social security rights. In this blog post, we will explain what these agreements entail and who they apply to ..read more

In the VAT return for the 6th term 2022 (November-December), with submission deadline 10 February 2023, the annual adjustment amount shall be reported on a separate specification line for the first time. There is reason to believe that the Norwegian Tax Agency will have an increased focus on correct reporting of VAT adjustment obligations when this now shall be clearly stated in the VAT return. If you are reporting on behalf of a Norwegian VAT registered company, it should be ensured that these amounts are reported correctly.  ..read more

The petroleum activities on the continental shelf are Norway's most important industry. The government's income from this industry, both as an owner (through Petoro and Equinor) and as a tax creditor, makes a crucial contribution to the national budget each year ..read more

New customs legislation will be introduced from 1 January 2023. Most of the existing legislation will be continued in a new form, but there will also be actual changes to the customs procedures an responsibilities. It is important for exporters to Norway to understand the new legislation and implement changes in logistical procedures and IT systems, to avoid delay and misunderstandings when shipping goods to Norway.   ..read more

As part of the National Budget process for 2023 the government has proposed a number of changes and new taxes for renewable energy producers.  ..read more