On 14 September 2020, the Tax Minister announced that Government has a plan to release a Bill in December 2020 regarding the exemption of on non-resident charitable organizations from Danish withholding tax (WHT) on portfolio dividends. At present, a 22% tax on portfolio dividends is imposed on resident charitable organizations. Also, nonresident charitable organizations are subject to 22% WHT on dividends received from Danish companies charitable which subsequently may be reduced to 15% through a refund process.
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