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Overview (Norwegian VAT and Investment Tax)

You must define VAT codes before you enter any data. You can make investment tax calculations during data entry. Posting adds the investment tax lines to the invoice before they are posted to General Ledger.

Entries created with the posting process must be reported to the Norwegian authorities in accordance with the defined VAT codes.

Oracle Financials lets you define controls. Valid controls fall between the following combinations:

nor90000.gif VAT codes and specific Accounting flexfield Segment values

nor90000.gif Combinations of VAT codes and other Accounting flexfield Segment values (such as department or project)

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