Norwegian VAT accounting in connection with import of goods and services to Norway
Norwegian companies are responsible for the Value Added Tax (VAT) accounting, calculation of the tax, and creation of the VAT return in connection with import of goods and services to Norway.
In addition to the general ledger (GL) in RamBase there is a separate sub-ledger called VAT Postings (VAP). This sub-ledger holds all the details about the VAT accounting. All VAT postings are loaded to the VAP application.
The VAP application is based on standard VAT codes (SAF-T codes) to ensure that the national requirements are met, even though the companies define their own VAT code numbering. There are SAF-T codes for high, medium and low VAT rates.