Norway indirect tax has been amended in the revised budget which will be effective from 1st July 2014.

Amendments regarding VAT:

The process of deciding for taxation of the letting of immovable property has been simplified and the decision time whether to opt for taxation has been extended.

Amendments regarding Customs duties:

The duty free quota with flexible tax-free scheme of wine and beer, liquor by exchanging part of, or the total amount of, their duty-free quota of tobacco into wine or beer in addition to the ordinary applicable duty-free quotas. This will applicable for private importation from other countries and shops on ferries and airports.

Other Indirect Taxes:

The marine engine duty has been abolished in the amendments.