Norway to remove low-value import from 2020

7 January 2019

From 1 January 2020, the Norwegian government have voted to remove the low-value import VAT exemption threshold on goods imported into the country.

Currently, this threshold allows companies to import goods into Norway at a value of less than NOK 350 (approx. €35), VAT free.

However, in an effort to remove the unfair advantage that this gives non-resident providers over resident providers of the same goods, the Norwegian government will remove the low-value threshold. This will mean that non-resident providers will have an obligation to register and account for VAT on the sale of the low-value goods when their annual sales exceed the NOK 100,000 (approx. £13,500) VAT registration threshold in the country.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UK cuts hospitality and tourism VAT to 5% until...

From 15 July 2020 to 12 January 2021, the UK will cut the VAT rate applicable on hospitality services from the standard rate of 20% to the reduced rate of...

SEE MORE
LATEST NEWS

Portugal extends VAT return deadlines

The May and June monthly VAT returns due on 12 July and 12 August respectively are now due on 17 July and the 17 August. The deadline for the March to June...

SEE MORE

Gated Content

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