VATupdate

Share this post on

Norway Plans Mandatory Digital Bookkeeping and E-Invoicing for Businesses by 2030: Public Consultation Open

  • Norway plans mandatory digital bookkeeping and e-invoicing for all businesses by 2030
  • Public consultation launched on 1 July 2025 by the Norwegian Ministry of Finance
  • Proposal aims to modernize financial records and transactions, offering savings, efficiency, and reduced financial crime
  • Businesses must use electronic accounting systems and send/receive e-invoices
  • Phased implementation: e-invoices required by 2028, digital records by 2030
  • Exemptions for sole proprietorships with low turnover, bankrupt estates, certain sectors, B2C supplies, and cash sales
  • Benefits include simplification, efficiency, security, and innovation
  • Socio-economic analysis estimates NOK 9.7 billion in net benefits over 20 years
  • Consultation period open until 31 October 2025, feedback submitted via Ministry of Finance website
  • Mandating e-invoicing enhances network effects and potential for further digital initiatives

Source: marosavat.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.

Sponsors:

Pincvision
VATIT Compliance

Advertisements:

  • Exchange Summit
  • Pincvision