- The Norwegian Tax Directorate is seeking comments on proposed amendments to VAT timing rules for cross-border remotely deliverable services.
- The changes aim to align VAT regulations with recent VAT Act amendments effective July 1.
- Businesses may report VAT on such services based on budgeted amounts for periods up to 12 months.
- VAT must be distributed and reported in equal amounts across each tax period within the chosen budget period.
- Businesses will be required to reconcile the reported VAT.
Source: news.bloombergtax.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.
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