Norway Tax Codes

Note:

This topic is for VAT reports generated from the Tax Reports (International) page. If you are using the Country Tax Report page, see Norway Tax Reports SuiteApp.

Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Norway are set up correctly.

For more information on tax codes, see Tax Code Properties and Creating Tax Codes.

Tax Code Table for Norway

The following table shows the tax properties required to correctly generate the Norway VAT reports provided by the International Tax Reports SuiteApp or Norway Tax Reports SuiteApp. The tax code names or letters used in the following table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.

On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.

Important:

These tax codes are valid until December 31, 2021. Starting Jan 1, 2022, use the tax codes listed in the 2022 tax code table in your transactions. See 2022 Tax Code Table for Norway.

Tax Code

Description

Property

Rate

Notional Rate

Available On

S-NO

Standard rate

-

25%

-

Both (Sales and Purchases)

R1–NO

Reduced rate

Reduced Rate

15%

-

Both (Sales and Purchases)

R2–NO

Super reduced rate

Special Reduced Rate

12%

-

Both (Sales and Purchases)

O-NO

Outside of scope

Non Taxable

0%

-

Both (Sales and Purchases)

E-NO

Exempt

Exempt

0%

-

Both (Sales and Purchases)

I-NO

Imports

Import

25%

-

Both (Sales and Purchases)

IS-NO

Import of service items

Import

Applies to Service Items

25%

-

Both (Sales and Purchases)

IV-NO

Import VAT – goods

Import

Reverse Charge Code

0%

I-NO

Purchases

IVS-NO

Import VAT – services

Import

Reverse Charge Code

Applies to Service Items

0%

IS-NO

Purchases

X-NO

Export

Export

0%

-

Sales

Z-NO

Zero rated supplies

-

0%

-

Sales

RC-NO

Reverse charge – domestic

Reverse charge

-

S-NO

Both (Sales and Purchases)

IZ-NO

Import of goods – zero rate

Import

0%

-

Purchases

IVR1–NO

Import of goods – reduced rate

Reverse charge

Import

Reduced rate

0%

R1–NO

Purchases

2022 Tax Code Table for Norway

Effective January 1, 2022, all transactions for the new Norway digital VAT report will use the following tax codes and properties. Any changes in the tax code properties may cause incorrect reporting in your VAT report.

Note:

The International Tax Reports SuiteApp maintains the tax code provisioning for Norway whereas the Norway Tax Reports SuiteApp supports the new Norway eVAT reporting beginning year 2022. For more information, see Norway Tax Reports SuiteApp.

Tax Code

Description

Property

Rate

Notional Rate

Available On

0_NO

No VAT treatment (acquisitions)

Exempt

Exclude in VAT report

0%

-

Purchases

1_NO

Input VAT deductible (domestic) Regular rate

-

25%

-

Purchases

11_NO

Input VAT deductible (domestic) Reduced rate, middle

Reduced Rate

15%

-

Purchases

12_NO

Input VAT deductible (domestic) Reduced rate, raw fish

Special Reduced Rate

11.11%

-

Purchases

13_NO

Input VAT deductible (domestic) Reduced rate, low

Special Reduced Rate

12%

-

Purchases

14_NO

Input VAT deductible (payed on import) Regular rate

Import

25%

-

Purchases

15_NO

Input VAT deductible (payed on import) Reduced rate, middle

Import

Reduced Rate

15%

-

Purchases

3_NO

Output VAT Regular rate

-

25%

-

Sales

31_NO

Output VAT Reduced rate, middle  

Reduced Rate

15%

-

Sales

32_NO

Output VAT Reduced rate, raw fish

Special Reduced Rate

11.11%

-

Sales

33_NO

Output VAT Reduced rate, low

Special Reduced Rate

12%

-

Sales

5_NO

No output VAT Zero rate

-

0%

-

Sales

51_NO

Domestic sales of reverse charge /VAT obligation Zero rate

Reverse Charge Code

0%

3_NO (25%)

Sales

52_NO

Export of goods and services Zero rate

Export

0%

-

Sales

6_NO

Not liable to VAT treatment, turnover outside the scope of the VAT legislation

Non Taxable

0%

-

Sales

7_NO

No VAT treatment - no turnover according to the VAT legislation (sales) 

Exempt

Exclude in VAT report

0%

-

Sales

81_NO

Importation of goods, VAT deductible Regular rate

Reverse Charge Code

Import

0%

1_NO (25%)

Purchases

82_NO

Importation of goods, without deduction of VAT Regular rate

Reverse Charge Code

Import

Effective From: January 1, 2022

0%

1_NO (25%)

Purchases

83_NO

Importation of goods, VAT deductible Reduced rate, middle

Reverse Charge Code

Import

Reduced Rate

0%

15_NO (15%)

Purchases

84_NO

Importation of goods, without deduction of VAT Reduced rate, middle

Reverse Charge Code

Import

Reduced Rate

Effective From: January 1, 2022

0%

15_NO (15%)

Purchases

85_NO

Importation of goods, not applicable for VAT-Zero rate

Import

0%

-

Purchases

86_NO

Services purchased from abroad, VAT deductible Regular rate

Reverse Charge Code

Applies To Services

Import

0%

1_NO (25%)

Purchases

87_NO

Services purchased from abroad, without deduction of VAT Regular rate

Reverse Charge Code

Applies To Services

Import

Effective From: January 1, 2022

0%

1_NO (25%)

Purchases

88_NO

Services purchased from abroad, VAT deductible Reduced rate, low

Reverse Charge Code

Applies To Services

Import

Special Reduced Rate

0%

13_NO (12%)

Purchases

89_NO

Services purchased from abroad, without deduction of VAT Reduced rate, low

Reverse Charge Code

Applies To Services

Import

Special Reduced Rate

Effective From: January 1, 2022

0%

13_NO (12%)

Purchases

91_NO

Purchase of emissions trading or gold, VAT deductible Regular rate

Reverse Charge Code

0%

1_NO (25%)

Purchases

92_NO

Purchase of emissions trading or gold, without deduction of VAT Regular rate

Reverse Charge Code

Effective From: January 1, 2022

0%

1_NO (25%)

Purchases

Related Topics

Tax Accounting Overview
Enabling and Setting Up Taxation Features
Managing Tax Codes
Norway VAT Report
VAT and GST Reporting Overview
International Tax Reports
Norway Standard Audit File for Tax (SAF-T) Financial

General Notices