Tax

Norwegian corporate tax and tax planning has become more comprehensive and opaque for the companies. At the same time it is more important for the company reputation and finance.

Rules and regulations frequently change, and there is rarely talk of simplifications. Our lawyers can assist your company with among others:

• Review the tax treatment of investments and acquisitions
• Analyse the financial meaning of alternative taxable treatments
• Plan upcoming transactions
• Questions you have regarding tax returns
• Timely and accurate tax reporting
• Contact between your company and the tax authorities
  

The lawyers in PwC have extensive knowledge of Norwegian corporation tax and its interaction with accounts and reporting. We focus on both possibilities and risk, so that we together can find the best solution in your specific situation, so that you corporate tax supports your commercial goals and the rules are adhered.

Companies engaged in international trade in goods and services often are required to handle questions relating to international VAT and customs. In order to be competitive in the global market, it is more and more important to have knowledge of and to control handling of fees related to deliveries outside Norway - especially to avoid unforeseen costs and to achieve efficient flow of goods. 

Our aim is that international trade shall not become a legal quagmire for the company. We have the country’s largest and most experienced environment in this area, with extensive experience, both as consultants and from the authorities. In order to assist our clients in the best possible way, we cooperate closely with PwC-offices around the globe.

International VAT, customs and excise duties

Our lawyers have special knowledge and long experience in this field, they also cooperate with more than 1 900 VAT specialists in 153 countries in order do give the most precise advice.

We provide advice on how invoicing, flow of goods and services, and organisation of the business will affect your liabilities in different countries. We can also provide assistance on how your company best can utilize the simplification schemes in the European VAT-system.

National VAT: Practical and optimal solutions adapted to your needs

We have extensive experience with support in everything from audit, tax review, dispute resolutions, dialogue with the tax authorities, consultative input and as a continuous discussion partner for companies related to tax issues.

Our experts have experience from several industries and we know what is needed to succeed in your sector.

Optimise your obligations with efficient innovative solutions

With businesses increasingly operating in multiple territories and across international borders, the levels of complexity and risk around people issues increases dramatically. With complicated interactions among internal stakeholders and decision makers, employees increasingly working across borders and the myriad different country and regional employment and taxation regimes to deal with, businesses are looking for an adviser that can meet all their employment and payroll needs.

We have one of the countries' leading counseling environment within shipping, offshore and oil service

Our Norwegian team have built up dedicated knowledge after having, for several years, assisted both Norwegian and international large and medium sized companies with challenges regarding tax, duties, company law and other areas of corporate law both in Norway and not least abroad.

With the support of our global network in 158 countries and close cooperation with NGOs for shipping, offshore and oil service we are well equipped to assist and influence the legal landscape where necessary within all parts of the value chain - from suppliers to shipping companies, oil service companies, companies working with offshore wind and other types of aqua based operators.

Globalisation and the continued growth of international trade have made intercompany pricing a material and challenging issue for many businesses. The increasing complexity of businesses, together with the more onerous transfer pricing documentation requirements around the world and the demands for more tax transparency, mean that the need a ‘fit for purpose’ transfer pricing strategy and execution is more important than ever before.

We can help you manage your transfer pricing risks and identify opportunities for improving the efficiency of your transfer pricing function.

The unpredictability of the real estate market

As a result of the real estate market's unpredictability and demanding economic times, banks have become more restrictive about which projects they choose to finance. If you are a real estate player, this means a need for better monitoring of costs and risk, better control and follow-up of the financing situation, thorough evaluation of the capital structure, and optimization of the real estate portfolio's location and quality.

The real estate industry is facing many challenges. With PwC’s experienced specialists we can help to turn challenges into business opportunities. We offer experienced auditors, consultants and lawyers in a global network of specialists.

SAF-T Financial is now being introduced

As of 1st of January 2020, it will be mandatory for companies to report on the SAF-T format for the accounting period starting the 1st of January 2020. Companies using cash registers are as of 2019 already obliged to use systems that are pre-approved in accordance with the SAF-T Cash Register. 

We can  assist with your SAF-T reporting.

The upstream oil and gas business on the Norwegian Continental Shelf is the most important industry in Norway. The taxation of this industry is subject to special rules and strict control. 

Our specialists have extensive experience from petroleum companies, Oil Taxation Authorities and many years of industry-specific advisory activities. We offer a complete range of services related to petroleum taxation.

Foreign entities involved in VAT liable trade or business concerning supply of services or goods to companies or consumers in Norway are required to register in the VAT register. The obligation also include keeping and storage of accounts in Norway, as well as submission of VAT returns to the Norwegian Tax administration. Foreign business entities engaged in such activity in Norway having no permanent establishment here, may register for VAT through a Norwegian VAT representative.

From 1 April 2017, it became voluntary for foreign business entities from some specific countries to have a local VAT representative in Norway. Some foreign entities can now apply for a direct registration for VAT. However, it is still possible to register through a VAT representative. Norway abolished the requirement to have a local VAT representative for Norwegian registered foreign enterprises (NUF) domiciled in an EEA country having an agreement with Norway for the collection of VAT. This applies to suppliers domiciled in Belgium, Denmark, Finland, France, Iceland, Italy, Malta, The Netherlands, Poland, Portugal, Slovenia, Spain, UK, Sweden, Germany, Czech Republic, Bulgaria, Estonia, the Faroes, Greenland, Greece, Croatia, Cyprus, Latvia, Lithuania, Rumania, Slovakia and Hungary. For foreign businesses resident in other countries, the requirement for a local VAT representative still applies.

We can provide this assistance and have extensive and long experience acting as VAT representative for foreign business entities. Being the company's VAT representative we also assist with registration in the various business and VAT registers, handling invoices to Norwegian customers, ensure that VAT is being properly processed and reported as well as being the Norwegian address and the communication link with Norwegian authorities.

If foreign business entities have incurred costs in Norway or if Norwegian companies incur costs abroad, we can assist with filing application for VAT refund.