- The Norwegian Tax Administration has clarified the VAT treatment of building and construction services.
- Registration is required if turnover and withdrawals exceed 50,000 Norwegian kroner in a 12-month period.
- If a trader provides multiple services, the calculation of output VAT and the deduction of input VAT are extended accordingly.
- Under a turnkey contract, the contractor must calculate VAT based on the entire consideration for assignments under foreign auspices.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
