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Norway Consulting on 12-Month Time Limit for Claims of Uncollectable Receivables from Related Parties — Orbitax

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Norway Consulting on 12-Month Time Limit for Claims of Uncollectable Receivables from Related Parties

|Proposed Changes|Norway
Norway

Norway's Ministry of Finance has launched a public consultation on the proposed introduction of a 12-month time limit for companies to claim a tax deduction on uncollectible trade receivables from a related party. A corresponding time limit is also proposed for how long trade receivables between related parties can remain unpaid without losing the right to deduct VAT, as well as a time limit f…

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