- Study Commissioned: Norway’s Ministry of Finance has commissioned a study to explore the implementation of digital bookkeeping and mandatory electronic invoicing for business-to-business transactions, aiming to simplify processes and enhance reporting accuracy.
- Current Regulations: Since 2019, public sector entities have been required to use electronic invoicing for transactions with private companies, but there are currently no such requirements for transactions between businesses.
- Expected Benefits: The Norwegian Tax Directorate will assess the potential introduction of these requirements, with findings expected by mid-June 2025. The Ministry anticipates that implementing electronic invoicing could save Norwegian companies approximately NOK 5.5 billion (USD 486.5 million) annually in administrative costs.
Source: answerconnect.cch.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.
