Norway Gazettes Decision Announcing VAT Rates for 2025

The Norwegian Official Gazette Dec. 19 published Decision No. FOR-2024-12-13-3208, announcing VAT rates for 2025. The decision includes measures providing a: 1) 25 percent general VAT rate, calculated on taxable turnover, withdrawals, and imports when a reduced rate is not applicable; 2) 15 percent reduced VAT rate, calculated on sales, withdrawals, and imports of foodstuffs; 3) 12 percent reduced VAT rate, calculated on turnover and the withdrawal of specified services; 4) 11.11 percent reduced VAT rate, calculated on sales regarding wild marine resources; and 5) 15 percent VAT rate, calculated on sales and withdrawals of water from waterworks and sewage ...