Norway VAT registration and VAT import thresholds raised

Mon 13th Oct 2014

As part of the 2015 budget, Norway is to make a number of changes to VAT registrations and other compliance matters.

Import VAT threshold

The low value consignment stock relief for Norway is to rise. The enables consumer or businesses to import small value items bought over the internet without any Norwegian VAT – currently 25% VAT. The current Norwegian limit will rise from Kroner 200 to 500 per individual parcel. This is about Euro 50.

Many countries around this world operate such limits to simplify administration. In the European Union, the import VAT threshold is generally Euro 22 or lower.

Norwegian VAT registration threshold increased

The annual VAT registration threshold above which companies must register for Norwegian VAT will increase from Kroner 50,000 to 150,000. Any companies with a turnover above this amount must register and charge VAT on any taxable supplies.