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?