Norwegian VAT regulation
The Norwegian VAT regulations state that the VAT must be reported in the period when the invoicing takes place, and not when your clients make their payments or when you pay your suppliers.
Our VAT representation is based on routines governed by Norwegian Law and VAT regulations. We report the VAT on due dates, and transfer funds to the VAT cashier directly from your bank account. Together, we are responsible for VAT being calculated and paid. As collateral for this responsibility, a bank guarantee or bank deposit must be issued.
The handling in Norway is generally the same as in other European countries. However, since Norway is not an EU-member we are not governed by EU's regulations.