Norway avoids financial services VAT

2 November 2016

Norway has recently announced that they will not introduce a separate financial transaction tax or charge VAT on financial services undertaken in the country. Instead they will impose a payroll tax of 5% on companies whose financial service activities are over 30% of their sales.

This means that the VAT treatment of financial services in Norway will mirror that of the European Union.

LATEST NEWS

Separate EORI number for Northern Ireland required

HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...

SEE MORE
LATEST NEWS

Belgium force UK companies to engage a fiscal...

The Belgium tax authorities are contacting UK traders who hold a Belgium VAT account to inform them that they have a requirement to appoint a fiscal...

SEE MORE
LATEST NEWS

Fiscal representation not required in France for UK...

The French tax authorities have confirmed that UK businesses will not have a requirement to engage a fiscal representative when the Brexit transition period...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.