Regulatory updates - Norway
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
E-invoicing in the business sector is on the horizon in Norway
To fuel competitiveness in the private sector and curb financial crime, the Norwegian Ministry of Finance has initiated an investigation of digital bookkeeping and electronic invoicing requirements for businesses.
Norway temporarily decreases the reduced VAT rate from 12% to 6% due to the Coronavirus outbreak
The coronavirus situation has caused the Norwegian government to lower the reduced VAT rate to 6%. Previously the reduced VAT rate was 12%.
Country Specifications
E-Invoicing/CTC Model:
– B2G: Peppol
– B2B: Post-Audit
Mandatory Infrastructure:
– B2G: Peppol
– B2B: N/A
Mandatory Format:
– B2G: Peppol BIS
– B2B: N/A
Mandatory for Issuing:
– B2G: Suppliers to all contracting Government authorities
– B2B: no explicit requirements
Mandatory for Receiving:
– B2G: All contracting authorities
– B2B: Buyer’s consent required
eSignature:
Not Required
Archiving Period:
– All primary bookkeeping materials: 5 years
– All secondary bookkeeping materials: 3.5 years
– Movable property: 5 years
– Immovable property: 10 years
– Petroleum recovery and pipelining industry: 15 years
– Other than regular invoices or invoices related to immovable property: 10years
Archiving Abroad:
Allowed under conditions
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