With the new changes to the VAT rules that came into force on 1 July 2024, the leasing and car rental industry in Norway has faced new challenges, but also new opportunities. One of the most interesting possibilities is the export of the cars after their use in Norway in order to avoid a refund of the deducted VAT.
Increased costs for fossil-fuel cars if the lease does not last for 8 years.
The new rules entail a significant increase in the VAT refund amount when selling cars used in rental or leasing activities. Previously, the refund was calculated according to a template, but now it is based on the car's actual resale value. In addition, the refund obligation now applies for a full eight years, calculated from the registration of the vehicle, instead of four years as before. This means that the VAT refund will be significantly higher than before. This may make leasing fossil-fuel cars less attractive and increase costs for both leasing and car rental companies and customers.
