The Norwegian Tax Administration clarified VAT treatment of construction of additional residences in a cooperative property.
Taxpayer sought clarification on taxation for unit owners and VAT-taxable activity for unit holders. Tax office found taxpayer should calculate VAT on sale and construction of buildings to housing association. Tax Appeals Board agreed due to construction being done as a third party for the cooperative, agreement with cooperative before construction, and taxable turnover from contractor services and building construction by third parties.
Source: news.bloombergtax.com
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