Floating wind turbine installations are considered real property according to the Value Added Tax Act § 9-1 second paragraph letter b. Value added tax on costs for planning and designing the floating wind turbine installations is included in the capital goods when it is established, cf. Value Added Tax Act § 9-1 second paragraph letter b, cf. VAT regulations § 9-1-1. There are no time restrictions for when costs for planning and designing the floating wind turbine installations have been incurred in order to claim retroactive tax settlement, cf. the Value Added Tax Act § 8-6, first paragraph, last sentence.
Source: skatteetaten.no
Latest Posts in "Norway"
- Norway Clarifies VAT Rules for Transferring Development Projects to SPVs Not VAT-Exempt
- Norway VAT: Rates, Registration, Compliance, Digitalization, and Special Schemes for Foreign Sellers
- Norway’s EV Revolution: What Happens When Electric Cars Dominate and Incentives Fade
- Norway: Comprehensive VAT Country Guide (2026)
- Norway Adopts New VAT Rules for Cross-Border Services in Multi-Location Entities from July 2026
