no 18/10 Changes in Norwegian VAT legislation applicable to emission allowances


Lysaker, 30 March 2010

According to information provided by the Norwegian Tax Authorities (No. Skatteetaten), the Norwegian VAT Act has been changed on 26 March 2010. The changes concern the tax treatment of domestically traded emission allowances.
For further information, reference is made to: 
http://www.skatteetaten.no/en/Artikler/2010/Emission-allowances--Changes-in-the-Norwegian-VAT-Act--Reverse-charge-mechanism-applied-to-domestically-traded-emission-allowances/" The Norwegian Tax Authorities' information 
http://www.regjeringen.no/nb/dep/fin/pressesenter/pressemeldinger/2010/Omvendt-avgiftsplikt-ved-omsetning-av-klimakvoter.html?id=599440" 
The Norwegian Ministry of Finance's press release
GlobeNewswire