Norway currently has a low value VAT and customs relief for consignments not exceeding a value of NOK 350 (appr. 35 EUR). The majority in the Norwegian Parliament has decided to remove this relief from 1. January 2020.
Per Kirknes
From 1 January 2017 the reporting procedure for import VAT in Norway changes. Following our neighbours in Sweden and Denmark, Norway is introducing a reverse charge procedure. But are the importers prepared for the change?
Areas of interest: VAT
Non-established suppliers of services are often not aware of their VAT obligations in Norway. In the EU, such services are to a large extent subject to a reverse charge procedure, whereby VAT is calculated by the customer. This is not the same in Norway.
Areas of interest: VAT
Norwegian customs authorities has developed an aggressive approach to transfer pricing adjustments, and importers are adviced to examine the customs treatment of such adjustments closely. Attention should also be paid to other intra-group charges, such as management fees and allocation of central costs.
Areas of interest: Customs and duties