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AAB / Blog / Norwegian VAT Claims – Deadline approaching
BLOG17th May 2017
Businesses operating within Norway will pay Norwegian VAT on in-country costs. With the standard VAT rate in Norway at 25%, even relatively small amounts can result in a significant VAT cost accruing over a year. There is a mechanism which enables non-Norwegian businesses to reclaim this VAT thereby delivering a boost to profits.
Who can make a reclaim?
Any businesses incurring VAT in Norway.
How much VAT can be reclaimed?
Claims are subject to the VAT rules in Norway. Some examples of costs for which claims can be made are as follows:
What is the deadline for making the claim?
Claims must be submitted no later than 30 June for VAT incurred in the previous claim year which runs from 1 January to 31 December. So claims for VAT paid in the 12 months to 31 December 2016 must be with the Norwegian tax authority by 30 June 2017. It should be noted that this deadline is applied strictly; therefore, if you incurred Norwegian VAT during 2016, action should be taken now.
How can we help?
AAB’s Indirect Tax team will ensure that your claim is accurate and complete at the outset, avoiding time-consuming queries from the tax authority. We will manage the process from start to finish, leaving you more time to manage your business while we secure the refund on your behalf.
Next steps?
If you require further information or support with the submission of a Norwegian VAT claim, please contact Debbie Smith, Indirect Tax Assistant Manager or contact us here.
How AAB can help you with
VAT is increasingly complex and impacts all aspects of your business. We can provide VAT advice to unravel complexity, help ensure compliance and make sure you pay no more VAT, Customs Duty, Excise Duties and various environmental taxes than necessary. Our team’s specialist skills have been acquired through supporting numerous clients, and working in HMRC and private industry. We provide comprehensive VAT advice and indirect tax services and, whether it’s compliance matters or complex restructuring, we’ll support you with practical, tailored solutions.
Corporate Tax covers a broad and complex area of tax legislation, so we provide a suitably broad and comprehensively experienced team to support your business with pragmatic, commercial advice. Businesses of all sizes and types, and across a wide range of sectors, benefit from our comprehensive corporate tax compliance and advisory service. We have exceptionally knowledgeable tax teams distributed across our offices, ready to support you with their wealth of experience and expertise. We can manage your global tax exposure with a coordinated response that saves you having to seek advice from separate advisors.
If you’re facing multi-jurisdictional challenges around global mobility, tax, employer responsibilities, accounting or other issues, we’ll save you the hassle of searching for international advice – the right people are already available in our expert teams and across our Reach Network. AAB works with multinational clients across the globe, so it’s only logical that we have a comprehensive and highly effective support network that work alongside our International teams to serve them, wherever in the world they operate.
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