- The Ministry of Finance proposes changes to several laws to modernize and digitalize Norwegian business and financial market regulation.
- Mandatory digital bookkeeping and electronic invoicing (e-invoice) will be required for all relevant businesses, phasing out spreadsheets and paper solutions; e-invoice sending required from January 1, 2027, and digital bookkeeping and e-invoice receiving from January 1, 2030.
- Estimated net societal benefit is NOK 9.7 billion over 20 years, with business costs at NOK 2.3 billion; most stakeholders support the proposals and even prefer faster implementation.
- Additional changes include allowing passive consent for electronic communication with shareholders, clarifying qualification requirements for accountants from outside the EEA, and technical/legal clarifications in financial supervision and DORA regulations.
- Consumer sales and cash sales are exempt from e-invoice requirements; laws will take effect as determined by the King, with possible phased implementation.
Source: regjeringen.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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