Accountant in Norway - Rely on Our Chartered Accountant
Accountant in NorwayUpdated on Thursday 04th August 2022
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Starting a business in Norway implies registering for taxation, for VAT, when required, and paying the taxes required. For this purpose, you can use the services of an accountant in Norway.
Our law firm in Norway offer business registration services if you want to open a company here, while our accountant will help you in all tax and accounting matters.
Services provided by an accountant in Norway
Our chartered accountant in Norway is at the service of local and foreign businesspersons and companies with the following:
- tax and VAT registration are the first accounting services requested by new company owners;
- bookkeeping is one of the essential services provided by a Norwegian accountant;
- drafting and filing financial statements also enters the attention of our accounting specialists;
- audits can also be integrated in our accounting service packages;
- payroll and HR assistance is also an important task that can enter the duties of an accountant in Norway.
Apart from these, if you need tax advice and financial planning and optimization solutions, you can find them with our consultant. Additionally, our lawyers in Norway will keep you updated on all changes and updates in the tax legislation.
Our services are available for both domestic business and foreign companies operating here through branches and subsidiaries. In this latter case, accounting can be a more complex matter.
Support in registering for taxation in Norway
Paying taxes in Norway implies being a tax resident here. For this purpose, one needs to register with the Financial Administration. In the case of companies, tax registration is completed as part of the business incorporation process, while obtaining the VAT number can be done at the same time or when reaching the minimum turnover required. In the case of foreign companies, VAT registration is mandatory when starting their operations here.
Our chartered accountant in Norway can explain the requirements you need to meet in order to become a tax resident here.
Bookkeeping services in Norway
Outsourcing bookkeeping with an accountant in Norway is a common practice nowadays, as it is one of the primordial tasks when keeping track of financial transactions. Most companies would have to create accounts payable and accounts receivable departments for bookkeeping, however, when using the services of an external accountant, both time and money can be saved.
Should you need accounting services in Norway, you can rely on our chartered accountant who is a member of the Institute of Public Accountants.
Drafting financial documents for your company
Our chartered accountant in Norway can handle the preparation of all important financial documents in your company. From accounting records to financial statements that need to be filed at the end of the financial year, all of them can be handled by our specialist who will also make sure to respect the submission deadlines.
As a general rule, financial statements must be completed 6 months after the end of the financial year and submitted within one month from being approved by the board of directors. Avoid penalties by using the services of our accountant in Norway.
Taxation in Norway
Natural persons are subject to the income tax that applies at progressive rates, which companies are subject to the corporate levy. For this purpose, businesses must consider the following:
- a standard rate of 22% applied for most activities;
- a rate of 25% for companies operating in the financial sector;
- the standard rate (22%) plus a 56% rate on income for petroleum offshore production and pipeline transportation.
Do not hesitate to contact us for details about the services provided by our accountant in Norway.