Denmark implements defensive tax measures targeting EU’s non-cooperative jurisdictions

February 07, 2024

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

January 05, 2024

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

December 20, 2023

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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Denmark: Parliament passes pillar two global minimum tax law

December 11, 2023

On 7 December 2023, the Danish Parliament passed legislation to implement the Pillar 2 global minimum tax (GloBE) rules. This legislation closely adheres to the framework established by the Council Directive (EU) 2022/2523 of 14 December 2022. On 23

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Denmark: MoF issues draft bill to implement Pillar 2 global minimum tax

October 10, 2023

On 4 October 2023, the Danish Ministry of Finance (MoF) issued a draft bill for the implementation of the Pillar 2 global minimum tax rule in accordance with EU Council Directive 2022/2523 of 14 December 2022. The proposal seeks to establish a

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Denmark updates arbitration position profile for MLI

September 15, 2023

On 7 September 2023, the Organization for Economic Cooperation and Development (OECD) issued an updated arbitration position profile for Denmark within the context of Part VI of the Multilateral Convention for the Implementation of Measures to

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Denmark initiates public consultation process for draft bill on implementing pillar two global minimum tax

June 30, 2023

On 23 June 2023, the Danish Ministry of Taxation introduced a draft bill  for public review, with the objective of incorporating the EU minimum tax directive. The implementation process of the directive adheres to the guidelines set forth by the

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Denmark: DTA extends filing deadlines for corporate tax returns and transfer pricing documentation

June 28, 2023

On 21 June 2023, the Danish Tax Agency (DTA) declared an extension of the deadline for submitting annual corporate income tax returns. The original deadline of 30 June 2023, has been postponed by eight weeks to 25 August 2023. The extension is a

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Denmark implements temporary solidarity contribution on fossil fuel sector

June 02, 2023

Denmark has released Law No. 502 dated 16 May 2023 in the Official Gazette, which establishes the implementation of a temporary solidarity contribution targeting the fossil fuel sector, aligning with Council Regulation (EU) 2022/1854. The measure

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IMF Report Comments on Denmark’s Economy

May 14, 2023

On 12 May 2023 the IMF issued a report following consultations with Denmark under Article IV of the IMF’s articles of agreement. Denmark has made a strong recovery from the crisis caused by the pandemic, but growth is now more moderate due to

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Denmark proposes a temporary solidarity contribution to the fossil sector

April 20, 2023

On 22 March 2023, the government of Denmark has published a proposed bill introducing a solidarity contribution that purposes to tax on excess profits of companies in the crude oil, natural gas, coal and refinery sectors in line with the Council

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Denmark publishes updated tax rate tables

January 27, 2023

The Danish Ministry of Taxation has released a revised tax rate schedule for 2018-2023 which shows that the lowest and highest personal income tax rates for 2023 will maintain at 12.09% and 15.0% respectively, and the maximum tax rate, including

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Denmark issues guidance on DAC7 reporting requirements

November 09, 2022

On 2 November 2022, the Danish Customs and Tax Administration published guidance on DAC7 registration and reporting requirements for digital platform operators under Council Directive (EU) 2021/514. This directive has been published on 25 March

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IMF Report Considers Fiscal Policy in Denmark

May 10, 2022

On 9 May 2022 the IMF issued a report following discussions with Denmark under Article IV of the IMF’s articles of agreement. The economic recovery is likely to continue in Denmark, with the lifting of restrictions introduced during the

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Denmark introduces new filing requirements for TP documentation

May 03, 2022

Recently, the Danish Ministry of Finance introduced an obligation to file a transfer pricing documentation (TPD) with the Danish Tax Authorities on an annual basis. For the financial years beginning on or after 1 January 2021, the new law requires

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Denmark amends the transfer pricing documentation rules

February 16, 2022

On 31 January 2022, the Danish Ministry of Finance issued updated guidance regarding amendments to the transfer pricing rules requiring the submission of the transfer pricing documentation within 60 days of the due date for filing the tax return,

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Denmark approves the bill to relax rules on TP documentation

November 30, 2021

On 25 November 2021, the Danish Parliament passed Draft Law No. L7, which largely abolishes the obligation to include domestically, controlled transactions in the Transfer Pricing Documentation (TP). The draft law also specifies the requirement to

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Denmark: Parliament considers bill to relax rules on TP documentation

October 18, 2021

On 6 October 2021, the Danish parliament is taking into account draft bill L 7, which proposed an amendment to the Danish Tax Control Act in order to relax the documentation requirements for transfer pricing for purely Danish transactions. The

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