As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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National Currency: Norwegian Krone (NOK).
Limited liability companies registered in Norway are considered to be residents of Norway. The same are considered companies with existing management and management located within the country.
Norwegian residents are taxed on worldwide income. Non-residents are taxed only on the Norwegian source of income. Branches are taxed in the same way as limited liability companies, but only on income from Norwegian sources.
Corporate income tax is levied on the profits of the company, which consists of business / trade income, passive income and capital gains (subject to broad exemption from capital gains on shares). Ordinary business expenses can be deducted in calculating taxable income.
The standard corporate income tax rate for enterprises is 22%. Enterprises engaged in financial activities are usually subject to corporate tax at a rate of 25%.
VAT is applied at every stage of the production and distribution of most goods and services, including royalties, advertising and hotel services.
The standard rate for value added tax is 25%; a lower rate of 15% applies to food and drinks, and a rate of 12% applies to passenger transport, hospitality, museums and cinemas, amusement parks, etc. Some activities have a zero rate or are exempt from VAT.
Companies with an annual turnover of more than NOK 50,000 must register as a VAT payer.
In the country, the mandatory submission of annual reports only in electronic form. Taxes are paid according to the advance payment system, which is made twice a year.
Tax authorities estimate the amount of the first two payments based on previous year’s revenue. The final payment is based on a tax return, which companies must file electronically by May 31.
Persons who live and work in Norway are mandatory participants in the National Insurance System. This system is funded by contributions from its participants: individuals, employers and the Norwegian state.
Parliament sets contribution rates annually. The employee contribution is 8.2% of the gross income earned from work. The employer’s contribution is differentiated by region and ranges from 0% to 14.1%.
The contribution for other types of personal income (for example, pensions) is 5.1%.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.