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Confirmation of reduction in lower VAT rate to 6% from 1 April

  • NO
  • April 09th 2020
  • By Espen Qvist

As expected, the decision to reduce the lower VAT rate from 12% to 6% from 1 April 2020 to 31 October 2020 in response to the COVID-19 pandemic, has been ratified by Parliament. The lower VAT rate applies to passenger transportation, accommodation, public broadcasting and entry to cinemas, sports events, amusement parks and adventure centres. In addition, the obligation to prepare the SAF-T file for accounting documentation purposes by the 10 April 2020 deadline is postponed if the business is in a position to verify that the delay to prepare such documentation is due to the current COVID-19 situation.

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