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
Nova Scotia to decrease its standard Harmonised Sales...
From 1 April 2025, the Canadian province of Nova Scotia will reduce the HST rate applied in the province from 15% to 14%. There are no other HST rate changes...
SEE MORE
LATEST NEWS
Sri Lanka to apply VAT on B2C e-services from...
The Inland Revenue Department of Sri Lanka will implement VAT on electronic services supplied by non-resident companies to consumers from April...
SEE MORE
LATEST NEWS
Burkina Faso introduced 10% VAT on electronic services...
As of 1 January 2025, Burkina Faso has introduced VAT on digital services sold to consumers. Previously, foreign businesses providing digital services to...
SEE MORE