- Norwegian Tax Administration is modernizing its VAT reporting and compensation processes
- Main aims include increased compliance, equal competitive conditions, simplification for reporting businesses, and more effective administration of the VAT system
- Norway VAT Return report helps users generate and submit information to the Norwegian Tax Administration
- Report can be submitted online or exported in PDF, XLS, or XML format for manual submission
- Up to ten files can be attached to the report
- Mandatory for VAT submissions starting January 1, 2022 for all customers
- Known limitations include availability for OneWorld accounts only and differences in supported features for accounts with and without SuiteTax
- Features supported in the report vary for accounts with SuiteTax and without SuiteTax
- Transaction line level discounts with no tax code assigned are not supported
- Transactions using Tax Groups are not supported, must be replaced with a Tax Code before generating the report
- Supported features for accounts with and without SuiteTax include Multi-Book, Multi-Currency, Discounts, Deductible and Partially Non-Deductible Items, and various transaction types
- Export, validation, and submission features are available for both account types
- 2022 Norway Standard Tax Codes are listed for accounts with and without SuiteTax
Source: docs.oracle.com
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.
