On 28 May 2020, the Ministry of Taxation issued a release where the Government and the economic group proposed to extend the payment deadlines for wage tax, labor market contributions, and VAT.
With the proposal, Danish companies can look forward to postponing payment deadlines for wage tax and labor market contributions for August, September, and October respectively. 4½, 5½, and 6½ months. On the other hand, the extended payment deadlines of VAT for large companies are deferred by 15 days for the July settlement and 7 days for the August settlement. In addition, for medium-sized companies, the VAT periods for the third and fourth quarters of the payment deadline is to be postponed until 1 March 2021.