Invoicing in Norway
Invoice in Norway - step by step
There are two methods of issuing an invoice in Norway:
-Using an invoicing program, where the invoice number is assigned automatically.
-Using invoice printers with numbers pre-printed by the printer. In this case, it is necessary to provide the company name and tax identification number (organisasjonsnummer).
Information That Must Be Included on the Invoice
The invoice should contain the following information:
-Date of sale.
-The seller’s name and tax identification number.
-The word “MVA” (VAT) placed after the tax identification number, if the company is registered for VAT.
-The name and address of the buyer or his tax identification number.
-A detailed description of the product or service.
-The time and place of delivery of the product or service.
-The price with VAT expressed in NOK.
-The total price.
-The date of payment.
In the case of invoices containing items that are subject to VAT and non-VAT, or subject to different VAT rates, the relevant items should be presented on separate lines.
Who can issue an invoice in Norway?
In order to be able to issue invoices, it is necessary to have a company registered with Brønnøysundregistrene, which allows you to obtain an organizational number, and to have a company bank account. Individuals are not authorized to issue invoices.
Invoice Requirements for Companies Selling Materials in Norway
Any company engaged in selling materials to its customers must be registered with the trade register, known as Foretaksregisteret. To avoid double taxation, the invoice must clearly indicate separate amounts: one for the service (net) and the other for the materials supplied.
Invoice with 0% VAT in Norway
A company whose turnover does not exceed NOK 50,000 in twelve consecutive months is entitled to invoice. When the turnover exceeds the designated threshold, it is necessary to apply for VAT registration.
Is there a difference in issuing invoices by a VAT-registered company?
Companies registered as VAT payers are required to mark their invoices slightly modified. Now, in addition to the company’s organizational number, it is necessary to include the abbreviation “MVA”. In addition, the company must add the appropriate VAT to each product sold or service provided. It is worth noting that VAT should be clearly shown on each invoice, regardless of whether the recipient is an individual or another company.
What VAT rates should you include on your invoice in Norway?
The current VAT rates in Norway are as follows:
-The standard rate is 25%,
-Food products and beverages are subject to a 15% rate,
-The 10% rate applies to cinema tickets and passenger transportation services, among others.
Correcting Invoices (Credit Notes, Kredittnota).
If an erroneous invoice has been issued or there is a need to change an already issued invoice for other reasons, a credit note can be generated. These notes must contain the same information as standard invoices.
Electronic invoices are sent by the issuer as a data file and must be able to be imported and automatically processed by the recipient’s accounting system.
A document in PDF format does not qualify as an electronic invoice.
State-owned companies accept invoices, credit notes and reminders only in electronic form that conforms to the Elektronisk handelsformat (EHF).
If you sell products or services and do not have an invoicing system that supports the EHF standard, contact us. Our company, using modern electronic accounting solutions, allows customers to issue invoices in EHF format, with the ability to automatically receive and post them if the recipient uses the same format.