The Norwegian Ministry of Finance has launched an evaluation on implementing mandatory e-invoicing and digital bookkeeping, with initial proposals expected by June 2025. This initiative aims to enhance efficiency, align with EU standards, and potentially save businesses over NOK 5 billion annually by adopting a framework similar to Denmark’s system. The Norwegian Ministry of Finance has initiated... Read more

Norway has announced updated VAT rates effective January 1, 2025, including a standard rate of 25% and reduced rates of 15%, 12%, and 11.11% for specific goods and services. These changes aim to align tax policy with economic objectives and sector-specific support. The Norwegian Official Gazette announced the VAT rates for 2025, which will take effect on January 1, 2025. The standard VAT rate is... Read more

Norway plans to extend its VAT exemption for electric cars priced up to NOK 500,000 until 2026, aiming to boost sustainable transportation. Let's find out more on this! Read more

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

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

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. Read more