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
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
LATEST NEWS
UK Intrastat still required after Brexit
The UK tax authorities have confirmed that English, Welsh and Scottish businesses importing goods into the UK from the EU will still be required to prepare and...
SEE MORE