Norwegian Tax Agency Seeks Comments on VAT Timing Rules for Cross-Border Remotely Deliverable Services

The Norwegian Tax Directorate Feb. 25 opened a consultation to amend VAT regulations concerning timing rules for cross-border remotely deliverable services, to reflect recently adopted VAT Act changes that are effective July 1. The proposal includes measures to: 1) allow businesses responsible for calculating and paying VAT on the purchase of remotely deliverable services, to report VAT based on budgeted amounts for a period that not exceeding 12 months; 2) require that the VAT be distributed and reported continuously in equal amounts in each of the tax periods within the selected budget period; 3) require the businesses to reconcile the ...