Worldwide

VAT Reporting update 17.12.1

January 13th, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in Reports The following countries have been released for 2018: CY, LV, NL, SI, CZ, GR (GREZ), FI, AT, DE, EE, HU, LU, …


Norway

Norway SAF-T delayed to 2020

December 31st, 2017

Norway is to introduce an on-demand mandatory Standard Audit File for Tax (‘SAF-T’) requirement for tax payers from 1 January 2020. The introduction of the electronic tax transaction data reporting had been scheduled for 2018. SAF-T has been a voluntary format for providing the Norwegian tax authorities with details of tax transactions since 2017. Norwegian …


Norway

Norwegian VAT on digital services

November 8th, 2017

Norway introduced VAT on electronic services (VOES) for non-resident companies in July 2011. This requires foreign providers of digital content and related services to VAT register in Norway as well as charge, collect and remit local VAT to the tax authorities. The Norwegian VAT regime on e-services follows the same principles as the EU VAT …


Norway

Norway SAF-T 2019 delay

November 6th, 2017

Norway looks likely to delay the January 2018 introduction of mandatory Standard Audit Files for Tax (SAF-T) until at least 2019. Currently, the production of Norwegian SAF-T files has been a voluntary obligation since January 2017. The plans were to make this mandatory from 1 January 2018.  Files would not be required with each VAT …


Norway

Norway SAF-T Jan 2018

October 25th, 2017

Norway is on course to introduce Standard Audit File for Tax (SAF-T) reporting obligations from 1 January 2018.  The detailed, electronic transaction reporting requirement, adopted across many European countries, will provide the tax authorities with details of VAT transactions for audit purposes.  Initially, companies will only be required to present SAF-T submissions to the tax authorities …


Norway

Norway raises reduced VAT rate

October 12th, 2017

Norway has proposed an increase in its reduced VAT rate from 10% to 12% from 1 January 2018. The reduced VAT rate applies to cinema admission, public transport, hotel accommodation services, entrance to cinemas, museums and amusement parks. The standard VAT rate (25%) and other reduced VAT rate (15%) will remain unchanged.


Norway

Norway bitcoin VAT exempt

February 12th, 2017

Norway’s Tax Administration has reversed its position on taxing bitcoin sales by making it VAT exempt.  The move brings it into line with the European Union which made the trading of digital currencies exempt from Value Added Tax last year following a European Court of Justice ruling. In 2013, Norway had made crypto-currency trading subject …


Norway

Norway 2017 VAT changes

December 23rd, 2016

A number of VAT changes are to be introduced from 1 January 2017 in Norway. These include: Importers will be able to defer payment of import VAT by reporting the input and output VAT simultaneously in the following VAT return A new VAT return is to be introduced with a range of extra disclosures


Norway

Norway avoids financial services VAT

October 13th, 2016

Norway has decided not to charge VAT or a Financial Transaction Tax (FTT) on financial services, mirroring the European Union. Instead, it will impose a payroll tax of 5% on banks, insurance companies and other companies whose financial services activities are over 30% of their sales. The measure is included within its 2017 budget which …