VATupdate

The Norwegian Tax Administration is modernising its VAT systems

The work started in 2019 and plans to finalize by the end of 2023.

Key aims for modernising

  • Increase compliance with rules relating to taxes and duties
  • Reduce the extent of  the hidden economy
  • Making it easier for business in duties regarding VAT.

Why we are modernising

  • Rules and regulations are becoming more complex
  • Lack of compliance with VAT laws results in some businesses gaining an unlawful competitive advantage over others, and revenue losses for the government
  • Systems and solutions of VAT support and services have remained more or less unchanged since 1970 and being based on manual work processes.

Source: skatteetaten.no

(see also this update from WTS > open in incognito mode)

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