Norway Proposes VAT Increase For 2016
Recently, the Norwegian government has indicated that the lowest rate of VAT is to be increased from 8 to 10% from the 1st of January 2016, the budget has been proposed and confirmed.
Contact eBiz Answers to help you with these changes or if you are one of our clients who have our maintenance contract then expect a call form us shortly to make these changes free of charge for you.
Hotel and holiday accommodation customers will be affected and also those using forms of public transport may see an increase in costs, excluding some electronically supplied publications that will have the 0% VAT rate applied. This will all be effective from January 2016.
For Business to Customer suppliers the increase in VAT should be beneficial to them as it is a requirement of Norway for non- resident digital(online) suppliers to VAT register when making business to customer sales.