The Ministry of Taxation announced, on 3 February 2015, a new schedule relating to the digitalization of corporate tax filing. A new schedule was required as the necessary adjustments to the IT systems will be more time-consuming and complicated than previously expected.
In respect of income year 2014, companies are obliged to file their tax returns digitally by using an online filing program provided by the tax authorities. Filing a paper form is no longer possible. The Minister proposes that the deadline for filing be postponed to 1 September 2015.
Reporting on losses carried forward:
The tax administration published a decision on 26 September 2014 imposing an obligation to report on unused losses that have been carried forward to subsequent tax years. The Minister proposes that a company failing to report the losses carried forward on time, using the electronic portal, would be charged a fine of DKK 5,000 instead of losing its right to use the losses.
