Friday , November 15 2019
Home / Innenriks / The limit of 350 kroons for e-commerce without VAT is removed from January 1, 2020

The limit of 350 kroons for e-commerce without VAT is removed from January 1, 2020



According to KrF's own budget, removing the border can provide more revenue for the country of NOK 750 million.

In addition to VAT of 25 per cent of items that cost less than 350 kroner, the recipient must pay a customs clearance fee. For low value goods, this may be more than the actual cost of the product.

The 350 crown limit was introduced in 2015. Last year, the post received 15 million packages from China, almost all with a value below 100 crowns.

Cheerful joy

"Everything we asked was to compete on equal terms and we are pleased that KrF and other parties in the budget negotiations understood this," says Ivar Horland Christensen, CEO of Virke.

He believes that the impact means that the Norwegian trade company can compete on equal terms with Alibaba, Wish and other foreign online companies.

– The removal of the border of 350 crores did not happen soon, Christensen strikes.

"Equal competition is absolutely necessary to avoid a race of lost jobs in the retail industry, where 380,000 people work," Virke said in a press release.


Source link