- Stortingsvedtak om merverdiavgift for 2025 was decided on December 13, 2024
- The decision is based on the Norwegian Constitution of May 17, 1814 and the VAT Act of June 19, 2009
- The new VAT rates will be effective from January 1, 2025
- General VAT rate is set at 25 percent of taxable sales, withdrawals, and imports
- A reduced VAT rate of 15 percent applies to food items as specified in the VAT law
- A further reduced VAT rate of 12 percent applies to services including personal transport, vehicle ferry transport, hotel room rentals, cinema tickets, broadcasting services, museum exhibitions, amusement parks, and sports events
- An additional reduced VAT rate of 11.11 percent applies to wild marine resources
- Future adjustments will include a 15 percent VAT on water supply and sewage services as specified in the VAT law
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.
