| Update: | Compliance Alert – Reduced VAT rate for wild marine resources |
| Date: | 2023-01-20 |
On 15 December 2022, the Norwegian Law Gazette published the VAT rates for 2023.
A reduced rate was introduced for wild marine resources as per Value Added Tax Act § 5-8.
Starting 1 January 2023, the reduced rate will be taxed at 11,11%.