STRENGTHENING EU TAX COOPERATION WITH NORWAY
The European Commission has published a Recommendation to step up cooperation between the EU and Norway in the fight against VAT fraud and recovery of claims. The Recommendation seeks the green light from the Member States to re-open negotiations with Norway to strengthen cooperation going beyond the currently in force EU-Norway Agreement on administrative cooperation, in particular through new information exchange tools and joint enquiries.
The EU-Norway Agreement on administrative cooperation, fight against fraud and assistance on recovery of claims in the field of VAT originally entered into force in 2018 and is the first of its kind with a non-EU country. Estimates show that the already successful relationship in this area alerted Member States to potential VAT fraud losses of around €5 billion since 2020. The Agreement enables the tax authorities of the EU and Norway to exchange information and to carry out joint activities to fight VAT fraud similar to those in place within the EU.
More information on the EU-Norway Agreement is available here.
Source: European Commission