According to recent reports, the collaborating majority in Norway's parliament has agreed on certain provisions of the country's 2015 Budget concerning value added tax (VAT):
- The VAT registration threshold will be kept at NOK 50,000 instead of the previously proposed increase to NOK 150,000
- The low-value exemption threshold for imported goods will be increased from NOK 200 to NOK 350 instead of NOK 500 as previously proposed
In addition, they have agreed on a 26% weight-based reduction in …