Norway has introduced new VAT exemption provisions for private firms exporting goods, requiring stricter documentation and digital signatures for compliance. The updated regulation mandates detailed transaction records, verified buyer identification, and proper export documentation, ensuring transparency and better VAT refund processing. To ensure better compliance with legal requirements and im... Read more

Norway and Denmark both use the Standard Audit File for Tax (SAF-T) but with different implementation approaches and requirements. Norway's SAF-T, mandatory since 2020, is submitted only upon request, while Denmark's SAF-T is part of ongoing digital bookkeeping obligations with set deadlines. Read more

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

E-invoicing is a key element of Norway’s digital transformation, enhancing efficiency, transparency, and compliance across B2B, B2G, and B2C transactions. It is mandatory for all suppliers to public sector entities, requiring adherence to Norwegian standards and use of formats like EHF and Peppol BIS Billing 3.0. 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