Advance Ruling: Invoicing Construction Work at Agreed Delivery Date and VAT Payment Timing

• The company will construct residential buildings for B on B’s land, with both companies being part of the same group owned by C.
• Ownership of the buildings and materials remains with the company until the agreed delivery and completion date, at which point B becomes the owner.
• The contract sum, including VAT, will be invoiced to B only at the time of delivery and completion, not before.
• VAT is to be paid to the state only after invoicing has occurred, in line with the agreed delivery schedule and not as advance payment.
• The arrangement is confirmed to comply with relevant VAT and bookkeeping regulations, provided the invoicing and ownership transfer occur as described.

Source: skatteetaten.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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