31 August 2016
In our previous article from June 2016 we stated that the Norwegian tax authorities were planning to change the rules on accounting for VAT when importing goods into the country. These changes have now been confirmed and mean that from 1 January 2017 companies registered for VAT in Norway will need to report and deduct import VAT in their VAT returns.
This will in effect remove the requirement to pay import VAT on goods at the time they are imported, which should result in savings on shipping costs. It should also improve cash flow for businesses importing into the country, as they will no longer need to wait for the VAT to be refunded from the Norwegian tax authorities.
These new requirements will apply to all businesses importing into Norway and a new Norwegian VAT return form will be introduced to allow VAT registered businesses to account for this deferment.
LATEST NEWS
EU council struggles to agree on the removal of the...
The EU is struggling to finalise changes to its Import One Stop Shop (IOSS) system as part of the 2028 Customs Reforms, with member states divided over plans...
SEE MORE
LATEST NEWS
Austria proposes a €2 customs charge on a per parcel...
Austria is proposing to impose a €2 charge on e-commerce low-value imports (under €150) entering Austria from outside the European Union from October...
SEE MORE
LATEST NEWS
Grenada to introduce VAT on foreign digital services
At the end of April 2026, Grenada introduced its new Value Added Tax (Amendment) Bill 2026, which will extend its VAT system to include digital services...
SEE MORE