OSLO: Norway’s tax administration has published guidance on reforms to the import value-added tax (VAT) reporting process for fiscal years beginning in 2017.
With the tax administration newly responsible for the collection of VAT on imports, a new VAT return (mva-meldingen) replaced the previous form (omsetningsoppgave for merverdiavgift) for supplies after January 1, 2017.
As a result of the changes, businesses are required to report import VAT on goods in their VAT returns rather than in customs declarations. Guidance from the tax authority says that taxpayers will no longer receive VAT invoices from a shipping agent or from customs authorities. Therefore, businesses are responsible for calculating VAT liable on the basis of the goods described in customs declarations.
The change will not affect individuals or non-VAT-registered businesses.
