EU and Norway update their VAT cooperation agreement Norway and the European Union have taken a significant step towards enhancing cooperation on value-added tax (VAT) with the signing of a renegotiated VAT agreement on 2 October 2024. This updated agreement aims to strengthen administrative collaboration
Ministry of Finance launches 2025 evaluation into e-invoicing and digital bookkeeping Skatteetaten, the Norwegian Tax Administration, is to review the options for the introduction of mandatory e-invoicing and digital bookkeeping. The Ministry of Finance has asked for initial proposals by June 2025, is already favouring
2025 Budget seeks to help less well off On 7th October 2024, the Norwegian government published its 2025 Budget. This includes a range of measures to support the less well off as the economy recovers from the COVID-19 pandemic and inflation spike The Government is
New 2025 schema for SAF-T eVAT returns Norway is to update its schema to version 1.3 from 2025 for its version of the OECD’s Standard Audit File for Tax (SAF-T). This includes v1.3 SAF-T Financial. Norway replaced its bi-monthly Value Added Tax return with SAF-T
VAT and customs duties due on all B2C imported consignments 1 January 2024 From 1 January 2024, Norwegian VAT and customs duties is payable on all B2C import consignments. This ends the NOK 350 (approx. €31) exemption threshold which was introduced on 1 April 2020.
2024 launch of XML-listing of VAT transactions pushed back Long-standing plans for Norway to joining the list of countries requiring transactional digital reporting reports, Control Statements, to support VAT returns have been put off. The provisional plan had been for January 2024. This was originally
Remotely delivered non-digital services to come into VAT net 1 January 2023 The Norwegian VAT law has been updated to impose VAT on foreign providers of traditional services to consumers by non-resident providers. Such cross-border services include: Consulting Accounting and tax Architecture The Ministry of Finance
Norway operates a simplified Value Added Tax compliance regime for foreign sellers of electronic / digital services to its consumers. This is known as VAT on Electronic Services (VOES), introduced in 2011. For e-commerce goods, see VAT on E-Commerce VOEC regime which imposes Norwegian VAT
Home renters to provide more platform sales VAT info In last week’s Norwegian 2022 budget, the government is proposing obliging homeowners renting out their properties on digital platforms to share transaction details. This includes sundry services alongside any rental income details. This is to help
