Browse by year:


Internal Market

Internal Market: Norway's accounting and auditing rules in breach of EEA law

11.7.2013

PR(13)67

The Norwegian rules on accounting and auditing breach the EEA rules on freedom of establishement. That is the conclusion of a reasoned opinion delivered by the EFTA Surveillance Authority.

Companies that have their primary establishment in another EEA State and that operate throught a permanent establishment in Norway (so called “NUFs”) have to prepare and submit additional annual accounts in relation to the activity of their branches in Norway.

The Authority considers that when the documentation already prepared in the home State contains sufficient details about the NUFs'activities in Norway, the Norwegian legislation is an unnecessary restriction. It hinders the freedom of establishement, as it makes it less attractive for companies to establish themselves in Norway.

A reasoned opinion is the second stage in infringement proceedings. The Authority may bring the matter before the EFTA Court if the States fail to take the measures necessary to comply within two months of receiving the reasoned opinion. 

For further information, please contact:

Mr Ólafur Einarsson
Director, Department of Internal Market Affairs
tel. (+32)(0)2 286 18 73




Other EEA Institutions


imgbanner5
This website is built with Eplica CMS