Recently, Denmark approved the amending protocol, signed on 10 October 2013, to the Denmark – India Income and Capital Tax Treaty (1989).
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India expands scope of luxury products subject to tax collection at source
India’s Central Board of Direct Taxes (CBDT) has issued Notifications No. 35/2025 and 36/2025, on 22 April 2025, expanding the scope of the 1% Tax Collected at Source (TCS) on high-value luxury goods. The updated scope now includes
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India to impose safeguard duty on steel to curb imports from China, South Korea, Japan
India plans to introduce a temporary 12% safeguard duty on certain steel imports to address a rise in low-cost shipments; mainly from China, South Korea, and Japan; according to a government source. The measure, recommended by the Directorate
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US: VP Vance lands in India to negotiate trade deal amid Trump’s tariff tensions
US Vice President JD Vance arrived in New Delhi, India, on Monday, 21 April 2025, for a four-day visit. During the visit, Vance met Indian Prime Minister Narendra Modi, where the two leaders planned to build on the framework for stronger
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Denmark introduces bill for temporary green asset depreciation incentives
Denmark’s Ministry of Taxation has introduced Bill L 195 on 9 April 2025 to establish a temporary increase in the depreciation basis for certain new green assets, as part of the green investment window linked to the Agreement on Green Tax
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Denmark proposes tax reform to align with OECD guidelines and simplify transfer pricing rules
Denmark's Minister of Taxation introduced Bill L 194 to Parliament, aiming to align national legislation with OECD minimum tax standards and reduce administrative burdens related to transfer pricing (TP) documentation on 9 April 2025. The bill
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Denmark updates list of jurisdictions for automatic exchange of financial information
Denmark issued Executive Order No. 366 on 7 April 2025 , published in Official Gazette A on 9 April 2025. This order updates the list of jurisdictions that participate in the automatic exchange of financial account information, in line with
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