- Investigation into Digital Bookkeeping and e-Invoicing: The Norwegian Ministry of Finance is investigating digital bookkeeping and e-Invoicing requirements to enhance competitiveness, improve tax compliance, and streamline reporting obligations for businesses, potentially adopting a model similar to Denmark’s mandatory e-Invoicing system.
- Existing Framework and Future Expansion: Norway has mandated e-Invoicing for Business-to-Government (B2G) transactions since 2012 and is considering extending this requirement to Business-to-Business (B2B) transactions to improve tax reporting efficiency and reduce fraud.
- Timelines and Business Preparedness: The Ministry plans to complete its investigation by mid-June 2025, but a timeline for implementing mandatory e-Invoicing has not been established. Businesses are advised to monitor updates, assess their systems for compatibility, and prepare for potential compliance requirements in the near future.
Source RTCsuite
Click on the logo to visit the website
