A Norwegian Court of Appeals ruled that a nonresident online fashion retailer qualifies for simplified VAT registration under the VOEC scheme for B2C sales of small consignments, with the Supreme Court declining to hear an appeal, making the decision final.
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Norway court's VAT registration decision for foreign online fashion company is now final
Norway
Author: Ivana Picajkić
Category:
Fiscal subject related
Views:
49
Content accuracy validation date:
15.11.2024
Content accuracy validation time:
07:21h
Other news from Norway
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
Norway's payment system incorporates responsible innovation.
Public
Norway
Author: Ivana Picajkić
Norway
Author: Ivana Picajkić
Norges Bank emphasized the importance of responsible innovation in Norway's payment system, balancing efficiency, security, and inclusivity to maintain trust in monetary systems. Key initiatives include exploring instant payments through the Eurosystem’s TIPS service, researching Central Bank Digital Currency (CBDC), and adopting the ISO 20022 messaging standard for improved financial infrastructu... Read more
New cash payment rules in Norway
Public
Norway
Author: Ivana Picajkić
Norway
Author: Ivana Picajkić
Despite only three percent of Norwegian customers using cash, new legislation mandates that businesses must offer cash payment options for amounts up to 20,000 kroner (about 1,670 EUR) from October 1, 2024. The government has reinforced this right by committing to fine businesses that neglect to comply, underscoring cash's role in accessibility and emergency preparedness. According to a survey by... Read more
Norway Introduces New SAF-T Financial Version 1.3
Public
Norway
Author: Stefan Ditrih
Norway
Author: Stefan Ditrih
The Norwegian Tax Administration will require businesses to use SAF-T Financial Version 1.3 for submitting accounting data starting January 1, 2025, with significant updates including revised balance account structures, VAT details, and mandatory fields. This version is not backward compatible, so businesses must be prepared by the start of their first accounting period in 2025. The changes aim to... Read more
Can two companies use the same POS in Norway?
Norway
Author: Stefan Ditrih
Businesses subject to fiscalization obligations can indeed share a common POS system, provided it allows for separate registration of transactions for each entity and keeps payment methods distinct. Read more
EU to protect domestic e-commerce sellers with a cross-border tax reform
Public
Author: Stefan Ditrih
As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more