In Regulation 15 December 2009 No. 1540 to the Value Added Tax Act (the Value Added Tax Regulation) the following change is made:
Section 4-2-1 first paragraph shall read:
(1) In the case of credit purchases, credit costs according to the Financial Agreements Act § 1-7 seventh paragraph are not included in the basis of calculation if they are separately stated in the sales document. However, this only applies if credit is given for more than 30 days calculated from the end of the delivery month.
II
The change takes effect immediately.
Source: lovdata.no
