Foreign businesses assessed as partnerships (USDF)
The company is set up as an ordinary company with participant determination (SDF) where you indicate the closest form of liability, which will either be ANS, DA, KS or internal company.
To indicate that the company is a USDF, this must be ticked under Information and tax - Information - Client information. Information on legal form (company form) and whether supporting material can be submitted is also given here.
When it comes to registering participants, this is done under Information and tax - Participants and select Participants in the left-hand menu. Here, participants who are liable to pay tax in Norway register by entering either their social security number or company number and filling in other information.
It is recommended to fill in the participants so that the total participants add up to 100%. This is done by creating a participant without tax liability who owns the remaining share owned by foreign participants without tax liability to Norway. This is done by creating an additional participant, where you do not enter either a social security number or an organization number, but indicate the participant as not liable to tax in Norway. This participant must technically contain the company share that is not owned by a person or company that is liable to tax in Norway.
When it is stated that the participant is not liable to tax in Norway, no information about this will be filled in the tax return, but validation messages are avoided in the internal validations such as, for example, that the ownership share is not stated as 100%, etc.
The company registration is submitted in the usual way as for Norwegian SDF.
Annual report is not available for this form of company
See Items, fields and topics in the new tax return for businesses for more information.