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2025 State Budget: VAT Reduction, Trivial Value Limit Increase, and Stencil Tax Reintroduction

  • State budget for 2025 presented on 7 October 2024
  • Proposal to reduce VAT rate for water and sewage services from 25% to 15%
  • Expected tax relief of NOK 500 to 1,500 for households
  • Proposal for consultation in 2024, reduced VAT rate to come into force from 1 May 2025
  • Proposal to adjust limit for goods with negligible value in VAT regulations from NOK 100 to NOK 200
  • Implications for tax-exempt sales of goods from charities, cultural events, and distribution of gifts
  • Proposal sent for consultation, change to enter into force from 1 January 2025
  • Reintroduction of stencil tax for sale of taxis, changing rules back to old scheme with template calculation for taxi industry

Source: pkf.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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