
Money and tax5 min read
VAT for sole proprietorships: the 50 000-kroner threshold
Sole proprietorships must register for VAT when turnover exceeds 50 000 kroner over twelve months. Learn the rates, the VAT return, and pitfalls to avoid.
Hlib Suslov
Topics: 2

Sole proprietorships must register for VAT when turnover exceeds 50 000 kroner over twelve months. Learn the rates, the VAT return, and pitfalls to avoid.

In Norway there are three legal forms for self-employed work: employee, freelancer and sole proprietor (ENK). Here explained are the tax differences, VAT obligations, and what social safety net coverage you lose.