Norway avoids financial services VAT

Thu 13th Oct 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 comes into force on 1 January 2017.

Click for free Norweigan VAT info