Norway: Guidance for reporting of financial accounts | KPMG | GLOBAL

Norway: Guidance for reporting of financial accounts

Norway: Guidance for reporting of financial accounts

Norwegian Tax Administration’s updated version of the guidance for both FATCA and the common reporting standard (CRS) include the following changes:


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  • The addition of a new section on holding companies and international banks, as well as companies and entities that are exempt from reporting. 
  • A timetable for reporting of information related to different financial products.
  • Detailed descriptions of what constitutes a “changes in circumstance,” unreliable documentation, and information regarding review of pre-existing individual accounts.


Read an August 2016 report [PDF 53 KB] prepared by the KPMG member firm in Norway

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