The EU has published the Council Decision (EU) 2024/2888 of 5 November 2024 in the Official Journal of the European Union on 19 November 2024, ratifying the agreement modifying the existing arrangement with Norway for administrative cooperation in VAT matters, signed on 2 October 2024.
This follows after Norway’s ambassador to the EU, Anders H. Eide announced he signed a renegotiated agreement with the EU to enhance administrative cooperation on VAT issues.
The challenges involve combating international VAT fraud by ensuring effective information exchange, cooperative controls, and assistance in collecting VAT claims.
The amending agreement will take effect on the first day of the second month after both parties confirm that they have completed the necessary legal procedures.