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Norway MOF Announces Further Extension of Temporary Tax Payment Deferral Regime Due to Coronavirus

Feb. 3, 2021, 5:00 AM

The Norwegian Ministry of Finance Jan. 29 issued Press Release No. 3/2021, announcing a further extension to June 30 from Feb. 28 of the temporary tax payment deferral regime due to the coronavirus pandemic. The announcement also clarified that: 1) taxpayers under the regime must make installment payments from July 30, 2021, to Jan. 31, 2022, as prescribed; 2) the regime doesn’t apply to VAT payments from April 12, but taxpayers are eligible for a deferral under the general VAT rules; and 3) an 8 percent interest rate applies during the deferral period. [Norway, Government Portal, 01/29/21]

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