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The Norwegian Tax Administration (Skatteetaten) has issued a critical reminder to all businesses: submitting the annual tax return is mandatory, regardless of revenue status. This announcement comes as the deadline for the 2024 tax year approaches on Monday, June 2, 2025, extended from May 31 due to the weekend. Failure to comply may result in enforcement fines.
Key Points
- Mandatory Filing for All Businesses: Even if a company has had no income or has ceased operations, it is still required to file a tax return.
- Enforcement Fines: Non-compliance can lead to daily enforcement fines that accrue until the tax return is submitted.
- Extension Applications: Businesses could apply for a one-month extension until June 30, 2025, provided the application was submitted by the original deadline.
- Common Misconception: Some business owners mistakenly believe that no activity means no filing requirement, which is incorrect.
Implications
The enforcement of these regulations underscores the importance of understanding tax obligations in Norway. Businesses must ensure compliance to avoid unnecessary penalties.
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