Visma Advokater har byttet navn til Magnus Legal etter at Visma solgte BPO-divisjonen i 2016.

In 2017 Visma Advokater changed name to Magnus Legal, as a result of the sale of the BPO Division from Visma in 2016.

VAT_in_Norway

Value added tax (VAT) in Norway

Carrying out business activities in Norway entails certain minimum requirements with regards to compling with Norwegian law.  All entities must register with the Central Coordinating Register for Legal Entities in order to obtain a Norwegian organization number. If the activities are VAT liable, the entity must also register with the VAT Register.

VAT returns

VAT is payable on all sales of goods and services, except those that have been specifically exempted. Foreign businesses that start up business activities liable to VAT in Norway must calculate and pay VAT in the same way as Norwegian businesses.

Enterprises selling goods or services exceeding NOK 50 000 over a twelve-month period are obliged to register for VAT in Norway and add VAT on the invoices. On the other hand, a VAT registered entity is entitled to a refund of the input VAT on its own purchases of goods and services used in the business. The VAT is reported on VAT returns that normally are filed every other month.

 

VAT in Norway - our services:

  • VAT compliance
  • Registration in the VAT register
  • Import VAT assistance and customs credit application
  • VAT representation
  • Norwegian accounting legislation
  • Guidance on the appropriate treatment of VAT

VAT representative in Norway

Foreign businesses that sell goods and services in Norway without having a place of business or a place of residence in Norway, must be registered through a VAT representative.

The business will have the rights and obligations that follow from ordinary registration in the VAT Register. The representative must have a place of residence or a place of business in Norway. Both the foreign business and the representative must sign the Coordinated Registration Notification to have the business registered. The VAT representative is obliged to control that the VAT handling is correct and is responsible for filing the VAT return.

Magnus Legal acts as a VAT representative for foreign companies with VAT liable activity in Norway.

 

VAT and customs

Magnus Legal holds considerable knowledge of Norwegian and foreign VAT/ sales tax legislation. Foreign companies in Norway may be obligated to fulfil numerous requirements related to VAT on their activities in Norway. Furthermore, foreign companies doing business in Norway and Norwegian companies doing business abroad both face issues related to customs and VAT on cross border activities.

 

 

VAT rates in Norway

The standard VAT rate is 25%. A VAT rate of 15% is levied on the sale of food. The rate is 8% for passenger transport, letting of rooms by hotels or camping businesses etc., and commercial letting of holiday homes.

 

For assistance with VAT in Norway, please contact us.

Contact me for more information

By filling out this form you agree that Magnus Legal may use the contact information provided to send you invitations to seminars and other events in addition to newsletters and for other marketing purposes in accordance with our privacy and cookie policy