Annual Financial Statements Deadline: What Your Company Needs to Know

Entities with a reporting obligation must submit complete annual financial statements to the Regnskapsregisteret (Register of Company Accounts). For a standard calendar year, the deadline is normally 31 July. This deadline should not be confused with the deadline for skattemeldingen (tax return), which is a different reporting obligation.

Always check the current deadline with Brønnøysundregistrene (The Brønnøysund Register Centre), especially for non-standard financial years or regulatory changes.

Who is responsible?

The board of directors, or participants or the general manager, as applicable, are responsible for ensuring that the annual financial statements are submitted. This responsibility remains even if the task has been practically delegated to an accountant or auditor.

A complete set of annual financial statements may consist of an income statement, balance sheet, notes, and other documents, depending on the entity. The documents must be approved and signed according to the regulations.

What if the submission contains errors?

The Regnskapsregisteret reviews submissions. Altinn (a public sector portal for digital communication) states that entities submitting before the deadline may be given a short period to correct certain deficiencies without incurring a late fee. This does not apply in the same way to submissions made after the deadline.

Why do customers follow the deadline?

Missing or outdated financial statements reduce the quality of a credit assessment. Long-term failure to submit can result in fees and ultimately contribute to a compulsory liquidation process.

Deadline status on Proffi

Proffi should display the latest available financial year, receipt date, and whether expected financial statements are missing. Do not flag a company as delayed until the legal deadline and any special rules have been checked.