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Norway takes additional measures in connection with COVID-19

  • Postponement of the deadlines for payment of the second installment for 2019 corporate income tax liability (extended from 15 April 2020 until 1 September 2020), the first Value-Added Tax (VAT) installment for 2020 (extended from 14 April 2020 until 10 June 2020) and the employers’ social security contribution due on 15 May (extended from 15 May to 15 August 2020). This proposal has also been approved by the Norwegian Parliament.
  • The Government initially proposed to temporarily reduce the VAT rate of 12% (applicable on passenger transport, cultural events etc.) to 8%. This proposal was amended to provide for a further reduction to 6%. The application of the 6% rate has now been approved by the Parliament with effect from 1 April until 31 October 2020.

Source: EY

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