In Norway, the Government announced new VAT measures to support businesses struggling in the face of the Covid-19 pandemic.
The first measure is to assist businesses with their VAT payments by delaying the deadline for payment of the first VAT return due from 14 April 2020 to 10 June 2020. Please note businesses must submit all VAT returns on time.
The second measure being taken is to reduce the low VAT rate from 12% to 8% for those businesses that are being hit hard by draconian measures being taken by many governments around the world and include passenger transport, overnight lodging, public broadcasting and admission to cinema’s, museums, amusement parks and major sporting events. The new low rate will be in place from 20 March 2020 to 31 October 2020.
Do you need further information on the Norway Covid-19 VAT measures? Then please contact one of our VAT experts.
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