- Public Consultation Launch: On July 1, 2025, Norway’s Ministry of Finance initiated a public consultation on proposed mandatory digital bookkeeping and e-invoicing for all businesses by 2030, aimed at modernizing financial recordkeeping and enhancing efficiency.
- Phased Implementation Timeline: The proposal suggests that from January 1, 2028, all businesses must send e-invoices, and by January 1, 2030, they must maintain digital records and be capable of receiving e-invoices, with certain exemptions for specific sectors and low-turnover sole proprietorships.
- Anticipated Benefits: The reform is expected to simplify reporting, improve workflows, enhance security against fraud, and support future digital innovations, with an estimated net societal benefit of NOK 9.7 billion over 20 years. Stakeholders can provide feedback until October 31, 2025.
Source: marosavat.com
Mandatory E-Invoicing and Digital Bookkeeping
- Norway’s E-Invoicing Initiative: To combat fraud and simplify tax reporting, Norway plans to implement mandatory e-invoicing and digital bookkeeping aligned with EU standards, starting with resident businesses required to keep accounts by January 1, 2028.
- Phased Implementation Timeline: The phased rollout includes mandatory digital bookkeeping and the ability to receive e-invoices by 2030, with a public consultation open for feedback until October 31, 2025.
- Proactive Business Preparation: Businesses are encouraged to evaluate their current invoicing systems and prepare for upcoming regulatory changes, even though full implementation is not expected until 2028.
Source Meridian
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
