What you need to know about MVA
We can help you!
- Expertise: We have years of experience guiding businesses safely through the VAT registration process, as well as a thorough knowledge of the Norwegian VAT rules.
- Efficiency: We make sure your VAT registration is handled quickly and correctly so you can focus on running your business without interruption.
- Personalized service: We tailor our solutions to the specific needs of your business, ensuring you are fully informed and comfortable with the process.
- Accuracy: We ensure your VAT returns are accurate and compliant, minimizing the risk of errors and penalties.
- Punctuality: We keep track of deadlines and make sure your reports are submitted on time to avoid fines and delays.
- Proactive advice: We continuously monitor your VAT obligations and give you advice to optimize your processes and avoid unnecessary costs.
Contact us today for a no-obligation conversation!
Worth knowing about VAT and Norwegian VAT
What is MVA?
MVA (Merverdiavgift) is the Norwegian term for VAT. It is a consumption tax imposed on goods and services sold in Norway. MVA is an indirect tax where the buyer pays the tax, while the seller reports and pays it to the tax authorities.
VAT rates in Norway
- 25%: Standard VAT rate that applies to most goods and services.
- 15%: Reduced rate applicable to food products.
- 12%: Special rate for transportation, accommodation, culture and leisure services.
- 0%: Zero VAT for certain export goods and international services.
Who should pay VAT?
All businesses selling goods or services in Norway are required to charge VAT if their turnover exceeds NOK 50,000 within a 12-month period. This means that you must register your business for VAT and start collecting and reporting VAT to the Norwegian tax authorities.
How is VAT calculated?
VAT is calculated as a percentage of the sales price of your goods or services. As a business, you can deduct the VAT you paid on your own purchases from the VAT you charge your customers. This difference is paid to the tax authorities. If you have paid more VAT than you have charged, you can request a refund.
