Norway Introduces UBO Registration Obligation
Norway introduces UBO registration obligation by January 2025, with a grace period without penalties until July 31, 2025
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Norway introduces UBO registration obligation by January 2025, with a grace period without penalties until July 31, 2025
SAF-T requirement in Norway started by January 2020. A new SAF-T format must be used for the accounting period starting in January 2025.
A more detailed digital VAT return will be introduced in Norway in 2022. The authorities are also considering the obligation to report transaction level of data. We still need confirmation on how this will be adjusted to foreign businesses registered for VAT.
The Ministry of Finance announced that after Brexit, UK companies VAT registered in Norway will not be obligated to re-register.
In January 2020, Norway will introduce a simplified VAT registration application for online sellers.
As from January 2017, import VAT amounts must be reported in your Norwegian VAT return.
Norway has recently decided to cancel plans on the implementation of Financial Transaction Taxes (FTT).
Following the implementation of postponed import VAT accounting in Norway, the periodic VAT return form has been amended.
The Norwegian government is planning to waive the obligation to register for VAT with a fiscal representative.
The Norwegian tax authorities have taken over a number of tasks from the customs authorities.