VAT News

Norway-new VAT return format

Currently, where goods are imported into Norway, import VAT must be paid at the time of importation. However, from 2017, import VAT will be declared upon the VAT return, and recovered on the same declaration, minimising the impact on cashflow.

As a result of this, an additional 8 boxes will be added to the Norwegian VAT return for this information to be declared.

Businesses currently submitting VAT returns in Norway should ensure that systems are updated to accurately record the relevant details for completion of the new VAT return document.

Related articles

UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

Read more
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

Read more
Romania postponing VAT cut

Romania is considering postponing cutting the19% VAT rate to 18% for 2019.

Read more