European VAT

The EU and Norway sign cooperation agreement on VAT Compliance

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An agreement boosting VAT cooperation and providing a legal framework for the prevention of VAT fraud between the EU and Norway was signed in Sofia, Bulgaria on 6 February 2018. Following the same structure that is currently used between the 28 member states, with the same instruments, this agreement marks the first of its kind with a non-member state that forms part of the European Economic Area.

Norway has a similar VAT system to the EU and this agreement seeks to eliminate weaknesses in the way VAT transaction chains are controlled that can be exploited by fraud schemes.

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