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2024 Amendments to the Norwegian Value Added Tax Act

  • Law on changes to the value-added tax law effective as determined by the Finance Department
  • Amends the law from June 19, 2009, regarding value-added tax
  • Announced on December 20, 2024, at 11.10 am
  • Changes include
  • Section 5-1 second paragraph now states that sections 5-2 to 5-12 apply to the extent decided by the Parliament regarding reduced VAT rates
  • New Section 5-12 introduced concerning water from waterworks and sewage services, specifying reduced VAT rates for these services and allowing the department to issue regulations for implementation
  • The law will be enacted at a time decided by the department

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.

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