- Norway has announced new VAT rates effective from January 1, 2025
- The standard VAT rate will be 25% applicable to most taxable activities
- Reduced VAT rates include 15% for foodstuffs and waterworks, 12% for personal transport and cultural events, and 11.11% for wild marine resources
- The changes aim to support economic objectives and sector-specific needs
- The adjustments are part of efforts to manage economic conditions and ensure tax compliance
Source: fiscal-requirements.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.
