On 31 January 2024, the Danish Official Gazette published Law No. 107/2024, implementing defensive tax measures targeting non-cooperative tax jurisdictions on the EU list. The law targets tax evasion and avoidance by disallowing deductions for payments to recipients in blacklisted countries (Belize, Seychelles, Antigua and Barbuda). It also imposes a 44% dividend tax rate on shares owned by residents of those countries. The law comes into effect on 1 February 2024.
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