Norway’s updated SAF-T Financial version 1.30 became mandatory on January 1, 2025, introducing better alignment with EU standards and requiring businesses to enable two-way communication with public sector entities. All companies with electronic bookkeeping obligations, including foreign entities with a permanent establishment, must ensure their systems can generate valid SAF-T XML files and be re... Read more

A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more

Norway has introduced new VAT exemption provisions for private firms exporting goods, requiring stricter documentation and digital signatures for compliance. The updated regulation mandates detailed transaction records, verified buyer identification, and proper export documentation, ensuring transparency and better VAT refund processing. To ensure better compliance with legal requirements and im... Read more

Norway and Denmark both use the Standard Audit File for Tax (SAF-T) but with different implementation approaches and requirements. Norway's SAF-T, mandatory since 2020, is submitted only upon request, while Denmark's SAF-T is part of ongoing digital bookkeeping obligations with set deadlines. Read more

Norway requires businesses with annual revenue exceeding 50,000 NOK to register for VAT, with rates ranging from 25% for most goods to 0% for select services like newspapers and international transport. VAT returns are typically submitted bi-monthly, with strict invoicing requirements and potential penalties for non-compliance. Read more

The Norwegian Ministry of Finance has launched an evaluation on implementing mandatory e-invoicing and digital bookkeeping, with initial proposals expected by June 2025. This initiative aims to enhance efficiency, align with EU standards, and potentially save businesses over NOK 5 billion annually by adopting a framework similar to Denmark’s system. The Norwegian Ministry of Finance has initiated... Read more

E-invoicing is a key element of Norway’s digital transformation, enhancing efficiency, transparency, and compliance across B2B, B2G, and B2C transactions. It is mandatory for all suppliers to public sector entities, requiring adherence to Norwegian standards and use of formats like EHF and Peppol BIS Billing 3.0. Read more