- Stortinget has made a decision regarding value added tax (VAT) for 2024
- The decision will come into effect in the budget year of 2024
- The decision is based on the Constitution of the Kingdom of Norway and the VAT Act of 2009
- The VAT rates for 2024 are as follows:
- General rate: 25% of taxable turnover, withdrawals, and imports
- Reduced rate of 15% for certain food products
- Reduced rate of 12% for various services, including transportation, hotel accommodations, cinema tickets, broadcasting services, museum exhibitions, amusement parks, and sports events
- Reduced rate of 11.11% for the sale of wild marine resources
- The VAT rates will be applied in accordance with the VAT Act of 2009.
Source: lovdata.no
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
