Norway has implemented a scheme where the amount of input VAT deducted on the acquisition of certain capital assets may be adjusted over several years.
The items subject to the scheme are defined as capital goods, including any industrial building or structure, machinery and working tools acquired, constructed, altered, extended or refurbished, which are owned by the VAT-liable person and are being used on a long-term basis for the purpose of that VAT-liable person's economic activity.
Note: Leasing and letting of property is exempt without the right to deduct, but
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Web page updated on 17 Mar 2025 15:00