- The Norwegian Ministry of Finance opened a consultation on November 29 to discuss extending the VAT compensation claim deadline for certain taxpayers including some private enterprises
- The proposal suggests extending the claim deadline to three years post the relevant tax period
- It also proposes a five-year period for the Tax Authority to correct errors found by taxpayers after the initial three-year period
- Interest calculation would start three weeks following the original tax return filing date
- The proposal aims to repeal voluntary correction rules and introduce a tax exemption for amending errors
- Stakeholders are invited to submit their comments by March 3, 2025
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.
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