Foreign companies and sole proprietorships that have economic activity in Norway and on the Norwegian Continental Shelf, are generally subject to taxation in Norway pursuant to Norwegian law. However, pursuant to tax treaties Norway has entered into with other countries, activities in Norway are sometimes tax-exempt.
Contracts and sub-contracts awarded to a foreign enterprise must be reported to the Tax Administration. Foreign contractors are obligated to report who their employees are.
Foreign business enterprises that have turnover liable to taxation in Norway, must be registered in the Value Added Tax Register (VAT Register). However, this does not apply if the turnover and taxable withdrawal of goods and services do not exceed NOK 50,000.00 over a 12-month period.
All business enterprises engaged in business activities in Norway are obligated to prepare accounts detailing their activities in Norway.
