The Danish tax agency will launch a pilot scheme to support small- and medium-sized enterprises on value-added tax and direct tax compliance matters from 1 January 2018.
The Government said, the new “VAT and tax check” will allow companies to identify and correct errors before reporting information to the authorities, giving them greater certainty that they will pay the correct direct tax and value-added tax. According to the government report, of the 600,000 SMEs in Denmark, some 46% make unintentional mistakes in tax returns and 10% make intentional mistakes to mitigate or prevent taxes.
The Tax Minister stated that “It must be easier for companies to pay the correct tax. We have complicated tax rules and, especially for small businesses, it can be difficult to comply with all rules without the help of a professional accountant. Therefore, we have now prepared a VAT and tax check so those who want to follow the rules can be surer that they pay the right tax.”
