What you need to know about Norwegian tax rules
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Navigating the Norwegian tax rules can be challenging, especially for companies with complex business structures or international operations. At DKNO Partners, we offer tailored advice to help you ensure full compliance with Norwegian tax rules and optimize your company's tax affairs.
- Tax planning: Optimize your tax situation through strategic planning and utilization of tax deductions.
- Reporting and compliance: We handle your tax reporting and ensure you comply with all legal requirements.
- Special tax advice: Get expert advice on how special taxes affect your business and how you can minimize your tax burden.
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Worth knowing about Norwegian tax rules
Corporate tax in Norway
Corporate tax in Norway is 22% and applies to all companies with activity in the country, regardless of ownership. Deductions for salary, rent and investments can reduce taxable income. The tax year follows the calendar year and companies must report tax at the end of the year.
Personal taxation
Companies with employees in Norway must comply with the rules for income tax and social security tax (trygdeavgift). Employers withhold income tax and pay social security tax and withholding tax regularly.
Special charges
Depending on your business activity, you may be subject to special taxes. Hydrocarbon tax applies to oil and gas extraction, while CO2 tax is imposed on companies with high CO2 emissions. The labor market tax is paid by employers and funds labor market measures. These taxes can affect your company's costs and should be taken into account when planning.
Tax liabilities for foreign companies
Foreign companies with a permanent establishment in Norway must pay tax on income in the country. Norway has double taxation treaties to avoid double taxation. Registration with the Norwegian tax authorities may be required.
