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.

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 about 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.

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