Amendments to the Norwegian VAT act

Norway’s VAT Act has been amended, with changes to Section 4-12 regarding the conversion of foreign currency into Norwegian kroner for imported services,
Section 9-1 defining capital goods as machinery, fixtures, and
other operating assets with VAT included in the cost price of at least NOK 50,000 (excluding exempt vehicles),
Section 10-7 outlining conditions for reimbursement of VAT paid on re-exported or incorrectly declared goods, and
Section 14-1 specifying the conditions for joint and voluntary registration in the VAT register.
The amendments also include requirements for electronic approval and receipt confirmation.