Norway: CbC reporting pursuant to BEPS Action 13 | KPMG | GLOBAL
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Norway: Country-by-country reporting pursuant to BEPS Action 13

Norway: CbC reporting pursuant to BEPS Action 13

The Norwegian rules on country-by-country (CbC) reporting have been approved by the Norwegian parliament. Norway’s CbC reporting rules will be effective beginning from the fiscal year 2016, with the first reporting to be made before 31 December 2017.


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Elements of CbC reporting rules in Norway

  • The CbC reporting rules require Norwegian multinational corporations with an annual income of NOK 6,500,000,000 or more (approximately €723 million as of 5 December 2016) to file a CbC report. 
  • The CbC report is to be provided in English. 

When a foreign parent company in the group has an obligation to file a CbC report in its country of residence, the Norwegian entity must notify the Norwegian tax authorities within the same time period as that for tax reporting—i.e., by 31 May. The duty to notify will be in effect from fiscal year 2016 and will be part of the annual tax reporting from the company (i.e., the first time by end of May 2017). The notification must include the name of the filing entity and in what country the CbC report was submitted.

A secondary reporting obligation may apply for a Norwegian subsidiary when a parent company within the group does not have an obligation to file the CbC report in its country of residence. The secondary reporting will be in effect from the fiscal year 2017, with the reporting to be made before 31 December 2018.


For more information, contact a tax professional with the KPMG member firm in Norway:

Fredrik Gule | +47 40 63 68 27 |

Per Daniel Nyberg | + 47 40 63 92 65 |

Svein Gunnar Andresen | + 47 40 63 90 22 |

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