Question 1

What does Norway's VOEC scheme mean?

Accepted Answer

Norway is essentially following in the footsteps of Australia and New Zealand, who have both made similar changes. With this new law, foreign sellers and online marketplaces (not established in Norway) must register with the Norwegian Tax Authority once their VAT liable sales reach 50,000 NOK (approximately 5,500 USD or 5,000 EUR) during a 12-month period. They are also required to collect VAT at the point of sale on low-value goods (valued at less than 3,000 NOK) and remitted back to the Norwegian Tax Authority on a quarterly basis.

Question 2

Who is impacted by the Norway VOEC?

Accepted Answer

This simplified scheme affects B2C businesses if they meet the following thresholds for selling goods into Norway: More than NOK 50,000 (~$5,500 USD or €5,000 EUR), Low-value goods valued under NOK 3,000 (~$313 USD or €273 EUR). The Norway VOEC scheme does NOT apply to the following types of goods: Foodstuffs (goods meant for human consumption), such as nutritional/dietary supplements, Goods subject to excise duties, such as tobacco and alcohol that are subject to import control, Restricted imports or illegal goods according to Norwegian law.

Question 3

Actions needed, if any

Accepted Answer

If you will not be over the 50,000 NOK threshold in a 12-month period and will not sell low-value goods below NOK 3,000 directly to Norwegian consumers, then there's nothing you will need to do! For those that are over the 50,000 NOK threshold (or expect to meet this amount in a 12-month period) for low-value goods under 3,000 NOK, you will need to register with the Norwegian Tax Authority. VAT also needs to be collected at the point of sale. Ensure you maintain report information of VAT collection and remit back to the Norwegian Tax Authority on a quarterly basis.

Question 4

How Zonos can help

Accepted Answer

We're here ready to assist with managing the Norway VOEC scheme and any similar law that may go into effect, including New Zealand's GST and Australia's GST taxation laws. We will let Zonos customers know if they are getting close to the Norway VOEC threshold. We can register any affected business for Norway's VOEC scheme on their behalf. Zonos Hello can help inform Norwegian customers when they won't pay any duty or VAT. We can also collect tax at checkout for Norwegian customers. We will continue to keep our customers informed of the latest updates to Norway's VOEC scheme along with any other country taxation updates.

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