Norway Tax Agency Clarifies Post-Merger VAT Compensation Procedures

The Norwegian Tax Administration April 4 posted online a statement clarifying whether it’s possible for an acquiring company in a merger between two limited liability companies entitled to compensation, to claim compensation on invoices issued to the transferring company that was from the Register of Entities due to the merger. The statement clarifies that: 1) if the invoices are received in the transferring company’s name in the transitional period after the merger has been completed, the acquiring company has the right to claim compensation on the invoices; 2) a transitional phase means up to one ordinary tax due date after ...