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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Denmark to strengthen entrepreneurs with tax breaks
The Danish government announced a fresh approach to strengthen entrepreneurship and start-ups by implementing tax cuts and other beneficial measures on 12 June, 2024. The government will, among other things, provide tax breaks for entrepreneurs
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Denmark to implement green tax reforms
The Danish Ministry of Taxation has announced the approval of two legislative proposals, L 182 and L 183, on 4 June, 2024. These legislations centre around the implementation of the green tax reforms. These legislations will be gradually
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Denmark proposes extensive green tax reforms
The Danish parliament proposed draft bills L 182 and L 183, outlining a comprehensive green tax reform package. Key Provisions Phased CO2 Tax Implementation: A CO2 tax will be phased in starting from 2025 and reaching its final structure by
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Denmark proposes tax reform to align with global standards
Denmark's parliament is considering a draft law L 186 in order to strengthen the country's minimum tax regime and align it with international standards. The proposal, submitted by the Tax Ministry on 30 April, 2024, aims to ensure full compliance
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Denmark implements defensive tax measures targeting EU’s non-cooperative jurisdictions
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
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Denmark: Government propose amendments to the list of jurisdictions subject to defensive tax measures
On 19 December 2023, the Danish government introduced draft bill L 92 with the goal of synchronizing the roster of jurisdictions affected by Danish defensive tax measures with the EU list of non-cooperative jurisdictions, updated on 17 October 2023.
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Denmark gazettes law implementing Pillar 2 global minimum tax
On 13 December 2023, the Denmark Official Gazette published Law No.1535 enacting EU Council Directive 2022/2523 into domestic law, which aims to establish a global minimum level of taxation for multinational enterprise (MNE) groups and large
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