What goes into each box – Norway VAT Report
This topic is for VAT reports generated from the Tax Reports (International) page. If you are using the Country Tax Report page, see Norway Tax Reports. The International Tax Reports SuiteApp maintains the tax code provisioning for Norway and supports historical reports. The Norway Tax Reports SuiteApp supports the new Norway eVAT reporting. For more information, see Norway Tax Reports.
Nondeductible tax codes created by checking the 100% Non-deductible box on the Tax Code page is not supported. If you want to create nondeductible tax codes that will work with International Tax Reports SuiteApp, see Setting Up Nondeductible Input Tax.
The following table shows how NetSuite uses the tax codes to get the values for the Norway VAT Report.
Field |
Basis |
VAT |
|
---|---|---|---|
A. Total t |
|||
1 |
Total turnover not covered by the VAT Act |
Net amount of sales O-NO, E-NO |
|
2 |
Total turnover and withdrawal covered by the VAT Act and import |
Net amount of sales S-NO, R1-NO, R2-NO, Z-NO, RC-NO, X-NO Net amount of purchases I-NO, IV-NO, IVR1-NO, IZ-NO, IS-NO, IVS-NO |
|
B. D |
|||
3 |
Domestic turnover and withdrawal, and calculated VAT, 25 % |
Net amount of sales S-NO |
Tax amount of sales S-NO |
4 |
Domestic turnover and withdrawal, and calculated VAT, 15% |
Net amount of sales R1-NO |
Tax amount of sales R1-NO |
5 |
Domestic turnover and withdrawal, and calculated VAT, 12% |
Net amount of sales R2-NO |
Tax amount of sales R2-NO |
6 |
Zero rated domestic turnover and withdrawal |
Net amount of sales Z-NO |
|
7 |
Domestic turnover subject to reverse charge (emission trading and gold) |
Net amount of sales RC-NO |
|
C. Export |
|||
8 |
Total zero rated turnover due to export of goods and services |
Net amount of sales X-NO |
|
D. Import of goods |
|||
9 |
Import of goods, and calculated VAT, 25% |
Net amount of purchases I-NO, IV-NO |
Tax amount of purchases I-NO Notional tax amount of purchases IV-NO |
10 |
Import of goods, and calculated VAT, 15% |
Net amount of purchases IVR1-NO |
Notional amount of purchases IVR1-NO |
11 |
Import of goods not subject to VAT |
Net amount of purchases IZ-NO |
|
E. Purchase subject to reverse charge |
|||
12 |
Purchase of intangible services from abroad, and calculated VAT, 25% |
Net amount of purchases IS-NO, IVS-NO |
Tax amount of purchases IS-NO Notional tax amount of purchases IVS-NO |
13 |
Domestic purchases subject to reverse charge, and calculated VAT, 25% |
Net amount of purchases RC-NO |
Notional tax amount of purchases RC-NO |
F. Deduction of domestic input VAT |
|||
14 |
Deductible domestic input VAT, 25% |
|
Tax amount of purchases S-NO + Notional tax amount of purchases RC-NO – Non-deductible tax amount of purchases S-NO |
15 |
Deductible domestic input VAT, 15% |
|
Tax amount of purchases R1-NO – Non-deductible tax amount of purchases R1-NO |
16 |
Deductible domestic input VAT, 12% |
|
Tax amount of purchases R2-NO – Non-deductible tax amount of purchases R2-NO |
G. Deduction of import VAT |
|||
17 |
Deductible import VAT, 25% |
|
Tax amount of purchases I-NO, IS-NO Notional tax amount of purchases IV-NO, IVS-NO |
18 |
Deductible import VAT, 15% |
|
Notional tax amount of purchases IVR1-NO |
H. Total |
|||
19 |
VAT payable / VAT receivable |
|
3 + 4 + 5 + 9 + 10 + 12 + 13 – 14 – 15 – 16 – 17 – 18 |