Denmark launches consultation on extending tax liability on interest from controlled debt
The Ministry of Taxation in Denmark has opened a consultation on a proposed bill to amend the rules regarding limited tax liability on interest from controlled debt on 12 March 2025. The bill targets interest payments made by foreign entities
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Denmark introduces new tax reporting rules to align with EU minimum tax
The Danish Tax Agency has introduced new reporting requirements for corporate income tax returns in 2024, following the implementation of the Minimum Taxation Act. This act brings Denmark in line with the EU’s Pillar Two directive, which enforces
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Denmark reviews draft bill on crypto-asset reporting
Denmark's parliament is reviewing draft bill L 151, submitted on 26 February 2025, to implement the EU's DAC8 directive. The bill introduces new reporting and due diligence requirements for crypto-asset service providers, aligning with the
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Denmark introduces tax refunds for CO2 capture
Denmark’s minister of taxation has signed a new Executive Order No. 1504/2024 on 10 December 2024, offering tax refunds for CO2 capture and storage facilities. The order aims to simplify the refund process and promote carbon capture
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Denmark introduces Green Investment Window, allows more than 100% expense deductions for eligible investments
Denmark's newly agreed framework for the Green Investment Window is a step toward strengthening Danish businesses in their shift toward a more sustainable economy. Under this agreement, companies investing in climate-friendly production between 1
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Danmark: Ministry of Taxation launches public consultation on draft tax legislation amendments
The Danish Ministry of Taxation has initiated a public consultation on the draft legislation to amend the Minimum Taxation Act, the Tax Assessment Act, the Corporate Tax Act, the Tax Administration Act, and the Tax Control Act on 3 February
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Denmark proposes lowering gift tax rates, introducing succession measures
Denmark’s Minister of Taxation introduced a bill L 123 to reduce inheritance and gift taxes for family-owned businesses and simplify business transfers on 22 January 2025. The key proposal is a reduction in the inheritance and gift tax from 15% to
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Denmark gazettes law amending VAT Act, exempts taxation of services provided by authors and artists
Denmark’s Official Gazette published Law No. 1695 on 30 December 2024 which amends the country's Value Added Tax (VAT) Act to address the taxation of services provided by authors and artists, including performing artists, related to their
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Denmark outlines tax measures for 2025
The Danish Official Gazette published Law No. 1691 on 30 December 2024, introducing several amendments to tax laws, including changes to the Corporation Tax Act, the Share Savings Account Act, the Share Profits Taxation Act, and the Personal Income
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Denmark, Greenland: Amending protocol to tax treaty enters into force
The amending protocol to the 1979 income and capital tax treaty between Denmark and Greenland came into force on 19 December 2024. The new protocol incorporates the DBO of the OECD’s BEPS minimum standards (Base Erosion and Profit Shifting),
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Denmark updates dividend taxation rules for resident, non-resident companies
Denmark’s Parliament passed Bill No. L 28 on 19 December 2024, introducing changes to the country’s tax laws, including updates to the taxation of dividends paid to resident and non-resident companies, effective from 1 January 2025. The new
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Denmark: Bookkeeping Act effective from January 2025
The Danish Business Authority is notifying companies about new digital bookkeeping rules effective 1 January 2025, as per the Danish Bookkeeping Act. These rules mandate that companies use a digital bookkeeping system capable of receiving and
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Denmark consults draft bill for crypto-asset reporting
The Danish Ministry of Taxation has opened a public consultation on a draft bill to implement Council Directive (EU) 2023/2226 (DAC8) and the Crypto-Asset Reporting Framework (CARF). The consultation is set to conclude on 13 December 2024. The
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Denmark: 2024-25 legislative plan proposes updates to minimum tax, transfer pricing to match OECD rules
Denmark's government announced the legislative programme for the parliamentary year 2024-25 on 1 October 2024. The bill follows up on the government platform "Responsibility for Denmark" from December 2022 and the agreement on "A Stronger Business
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Denmark launches consultation on zero VAT rate for domestic air travel
The Danish government has commenced a consultation on a draft legislation that includes amendments to the VAT Act and other related changes. A key amendment is the introduction of VAT zero-rating for domestic air travel services in Denmark. The
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Denmark, Greenland sign amending protocol to tax treaty
Denmark and Greenland have signed an amending protocol to update the Denmark-Greenland Income Tax and Mutual Assistance Treaty (1979) on 19 August 2024. The announcement was made by the Danish Ministry of Taxation on 20 August 2024 The new
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Denmark to introduce agricultural carbon tax
Denmark unveiled a long-term plan, on 24 June 2024, to restructure its agricultural industry and land use. This plan tackles greenhouse gas emissions with a new tax on livestock emissions. “We will be the first country in the world with a
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Denmark enacts law aligning tax rules with OECD standards
Denmark has enacted Law No. 684, published on 11 June, 2024, introducing amendments to align the Minimum Taxation Act with the OECD's model rules and guidelines for the Pillar Two global minimum tax. The law includes protection rules to prevent
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