VAT in Norway operates under the name Mervediavgift (abbreviated as MVA). It is an important source of income in the Norwegian budget and therefore the public administration attaches great importance to its collection. These funds are used to finance, inter alia, health service, and above all the social system. What should you know about this tax?
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VAT tax - basic rules
From the entrepreneur's point of view, the most important issue is the obligation to register in the Norwegian VAT register. It is created when a given company exceeds 50. NOK turnover within 12 months. The limit "zeroes" every settlement period and if the company's revenues are still low, you may not be a VAT payer in the Kingdom. In practice, however, this very rarely happens because running your own business always has one primary goal - to earn more than in a full-time job.
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Basic billing issues for companies
An entrepreneur entered in the MVA records is obliged to settle the receivables that have arisen towards The tax authorities. The basis for such a settlement is a VAT declaration in which the entrepreneur shows all the revenues he has achieved and the costs he has incurred. Such a document must be submitted electronically every two months via Altinn.no.
Declaration submission dates:
- until April 10 (for January, February),
- until June 10 (for March, April),
- until August 30 (for May and June),
- until October 10 (for July, August),
- until December 10 (for September, October),
- until February 10 (for November to December).
Zero VAT for imports from Poland
What will be most interesting for the Polish diaspora in Norway is the possibility of importing products from Poland with zero VAT. It is possible thanks to the mutual agreement on trade in goods, which results directly from the fact that both countries belong to the European Economic Area. In order to receive the 0% VAT rate, you must have the appropriate documents confirming the export of goods outside the European Union - i.e. SAD with the necessary stamps obtained from the Customs Office.
No double taxation
This possibility exists thanks to agreements on the absence of double taxation. In practice, the buyer of the imported goods will pay VAT only in Norway, avoiding this obligation in Poland. From January 1, 2017, natural persons and companies not listed in the MVA records pay this fee at the border. In other cases, the entrepreneur will be obliged to: settlement of this tax based on a declaration submitted every two months.
VAT exemptions
Importantly, we do not always have to pay VAT. There are numerous exemptions in Norway, including in particular:
- electric cars;
- health services (also in the field of alternative medicine);
- education;
- financial services;
- guide services;
- books;
- daily press;
- sale of goods abroad;
- goods for use in the oil industry;
- part of the goods and services related to transport;
- cargo and passenger ships with a minimum length of 15 meters.
