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momsPartner AS, Norway
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Car repair / spare parts. Local purch. Marketing. Trade ... Car rental. Business training should be zero-rated. No VAT on road tolls. momsPartner AS, Norway ... – PowerPoint PPT presentation
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Title: momsPartner AS, Norway
1
News from Norway
- Presented to IVA
- October 2006, Budapest
2
Topics
- Norwegian VAT regime
- VAT on hotel accommodation
- Small receipts
- VAT registration
- Questions?
3
The Kingdom of Norway
- 4.5 million inhabitans
- NON-EU member (EEA agreement)
- 2 referendums
- 1972 51,8 NO
- 1994 52,3 NO
- VAT refund available for all non-domestic
corporations
4
VAT rates
- Standard rate 25
- Medium rate 13 (14 from 01.01.2007)
- Foodstuff
- Low rate 8
- Personell transport
- Postal services
- Accommodation
5
What can be recovered?
- Standard rate
- Diesel
- Car repair / spare parts
- Local purch.
- Marketing
- Trade fairs
- Consultancy
- Hired personnell
- Low rate
- Domestic personell travel
- Hotel accommodation
- Postal services
6
Exceptions
- Representation / entertainment
- Gazoline (private cars)
- Car rental
- Business training should be zero-rated
- No VAT on road tolls
7
Hotel accommodation
- Low rate introduced Sept 1, 2006
- VAT (low rate) will be recoverable
- VAT on meals not recoverable
- Documentation must show that the cost is business
related - Front page of travel proof (TE form)
- Employee list stamped and signed
8
Small receipts
- Receipts less value than NOK 1000 (120)
- VAT breakdown not needed
- Address of receiver not needed
9
VAT registration
- Needed when you have ongoing operations in Norway
- Tourist busses
- Business fairs
- Sales of accommodation
- Installing and repair activities
- Domestic transportation services
10
Questions?
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