Regulation Amending the Value Added Tax Regulations

• A new section, § 15-9-4, is added to the VAT Regulations, creating an alternative method for reporting VAT-liable amounts for remotely provided services received outside the VAT area.
• If this alternative is used, it must cover all relevant taxable amounts and be based on a budget for up to 12 months, distributed evenly across filing periods or according to a periodized budget.
• If budget assumptions change, the business may adjust the reporting basis; if the change is substantial, it must either adjust the basis or report the amounts under the main rule in the VAT Act.
• Within six months after the budget period ends, the reported amounts must be reconciled with actual taxable amounts, and any difference must be reported in the final filing period.
• Budget documents, change records, reconciliation, and purchase documentation must be retained as accounting evidence; the amendment takes effect on 1 July 2026.

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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