- The decision on value-added tax for 2025 takes effect on July 1, 2025.
- From January 1, 2025, VAT is calculated according to the rates in this decision and the VAT law.
- General VAT rate is 25 percent on taxable sales, withdrawals, and imports unless a reduced rate applies.
- Reduced VAT rate of 15 percent applies to foodstuffs.
- Reduced VAT rate of 12 percent applies to services such as passenger transport, vehicle transport on vessels, hotel room rental, cinema admissions, broadcasting services, museum exhibitions, amusement parks, and sports events.
- Reduced VAT rate of 11.11 percent applies to wild marine resources.
- From July 1, 2025, a 15 percent VAT rate applies to water supply and sewage services.
Source: lovdata.no
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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