According to the amended Danish Tax Control Act, companies are required to prepare their 2019 transfer pricing documentation and then submit this no later than 30 June 2020 with a financial year that follows the calendar year. On the other hand, penalties up to DKK 250,000 per income year can be imposed or a discretionary assessment can be made in the situation when the tax authorities request the transfer pricing documentation from taxpayer and the taxpayer fails to submit it.
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