- The Norwegian Official Gazette announced VAT rates for 2025 on December 19
- The general VAT rate is set at 25 percent applicable to taxable turnover, withdrawals, and imports unless a reduced rate applies
- A reduced VAT rate of 15 percent applies to sales, withdrawals, and imports of foodstuffs
- Another reduced VAT rate of 12 percent applies to turnover and withdrawal of specified services
- An 11.11 percent VAT rate is specified for sales related to wild marine resources
- A 15 percent VAT rate applies to sales and withdrawals of water from waterworks and sewage services
- All new VAT measures will be effective from January 1, 2025
Source: news.bloombergtax.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.
