Due to the corona situation, the low VAT rate was reduced from 12% to 6% on 1 April 2020. The reason for the reduction was the special challenges some industries had in connection with the government’s corona measures.
Now that the situation is about to normalize, the VAT rate must also return to normal. This means that the low rate of 6% will be adjusted upwards to 12% from 1 October.
Source BDO
For more newsitems on VAT rate developments in Norway, click HERE
Latest Posts in "Norway"
- Norway to Mandate B2B E-Invoicing by 2027 and Digital Bookkeeping by 2030
- Norway Clarifies VAT Rules for Data-Center Services Provided to Nonresident Customers
- Norway Clarifies VAT Rules for Data-Center Services Provided to Nonresident Customers
- Norway Accelerates E-Invoicing and Digital Bookkeeping Mandates for Businesses by One Year
- Government Proposes Mandatory E-Invoicing and Digital Bookkeeping for Businesses to Boost Efficiency and Security
