Norway cuts 12% reduced VAT rate to 7%; delays returns on COVID-19 crisis
- Mar 29, 2020 | Richard Asquith
Update: Norway has cut its reduced VAT rate for a second time during the coronavirus crisis. This time on 27 March from 8% to 7%. This will still apply from 1 April until 31 October 2020.
On 20 Norway, the Norwegian government will cut its reduced VAT rate from 12% to 7% between 1 April and October 2020. The rate applies to cinema admission, public transport, hotel accommodation services, entrance to cinemas, museums and amusement parks.
The rate was set in 2018 following a rise from 10%.
The VAT payment for the first returns has now been deferred from the 10th April deadline until 10 June.
Follow Avalara’s live global coronavirus Covid-19 VAT measures tracker.
In other measures, Norway will offer companies at least 100 billion Norwegian crowns in funding in the form of guarantees for loans and bond issues to support the economy during the coronavirus outbreak, the government said earlier this week.