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Sales tax on Electric Veichles for Norway
There is a specific VAT calculation requirement in Norway for certain products, such as electric vehicles. As per Norwegian regulations, VAT neeeds to be calculated based on an interval, with a threshold value.
As per Norwegian regulations, the current requirement is as following:
Sale up to NOK 500,000 are VAT-exempt (0%, VAT Code 5).
Sale exceeding NOK 500,000 are VAT-liable (25% VAT code 3)
Current D365FO standard setup does not have the possibility to have a threshold value that post to different VAT codes.
This is a legal requirement to be compliant to Norwegian tax regulation.
, VAT Code 3).
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