All enterprises with an accounting obligation shall submit their accounts to the Register of Company Accounts in Brønnøysund. The only exception to this rule is Norwegian-registered foreign enterprises with a turnover of less than NOK 5 million that are engaged in activity on the Norwegian continental shelf or in temporary onshore activity in Norway. For Norwegian-registered foreign enterprises (NUFs) with a reporting duty in Norway, both the branch accounts and the accounts of the foreign enterprise must be submitted.
The duty to prepare and submit annual accounts apply even if the entity is inactive. This obligation also applies to entities being wound up until their registration is finally deleted.
The following documents must be submitted:
More requirements apply if the entity is the parent company in a group and obligated to submit group accounts.
The submission of annual accounts shall as a rule be made electronically via Altinn. The documents shall be submitted together and be legible.
Because of technical limitations, so called inner companies (and a few others) may not use Altinn. These should instead submit the annual accounts in a non-editable pdf format by e-mail to the Register of Company Accounts. The accompanying letter 'Enclosure with the annual accounts" must be attached.
The board has a duty to ensure that the accounts are submitted by the deadline. If the entity has no board, the partners/members or general manager is responsible for this.
The annual accounts shall be submitted within a month after they have been approved by the competent body (the annual general meeting in limited companies).
In order to avoid a penalty charge, the complete annual accounts must be submitted no later than 31 July for electronic submission via Altinn. For entities with completion date during the period from 1 January to 30 June, the corresponding deadline is before 1 March.
If the submission lacks any information, a notification will be sent by a message in Altinn and to the e-mail address registered on the entity.
If the accounts are not submitted in time, a penalty charge will be incurred. Once the penalty charge starts to run, it will accrue until the Register of Company Accounts has received the complete annual accounts or for a maximum of 26 weeks. The Register of Company Accounts cannot grant extension of the deadline.