Transfer pricing – foreign private limited liability company
Foreign companies and other businesses have a duty to submit statements and reports concerning transactions and outstanding accounts between associated companies.
Who must submit this form?
Foreign companies and other businesses who have
- controlled transactions with a combined fair value of NOK 10 million or more in the taxation period, or
- receivables, debts and guarantees with a combined value of NOK 25 million or more at the end of the taxation period.
Who is obliged to provide this documentation?
As a general rule, the documentation rules apply to companies and other entities who submit a tax return. There is an exception from the documentation obligation for companies and other entities that, together with associates, have fewer than 250 employees and that have either
- total sales income that does not exceed NOK 400 million, or
- a balance sheet total not exceeding NOK 350 million.
This exception does not apply to companies and other entities that have transactions with companies domiciled in a state from which Norway cannot demand tax information.