Danish Digital Bookkeeping Obligation by July 2024
Danish digital bookkeeping obligation moves forward. The obligation mainly impacts on established entities and permanent establishments of foreign companies.
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Summer Deadline Extensions for VAT Returns in 2024
Several countries have implemented summer deadline extensions for VAT returns, providing additional time to comply with tax obligations.
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Denmark introduces a new Reverse Charge scenario on telecommunication services
Denmark will introduce a new Reverse Charge scenario on the supplies of telecommunication services by January 2024.
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Denmark starts applying interest to VAT corrections from 1 July 2023
Denmark starts applying interest to VAT corrections from the day following the deadline. From 1 July 2023, the 14-day period of grace is not applicable anymore.
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VAT returns in Denmark and the new reconciliation functionality
VAT returns in Denmark include now a new functionality implementing a reconciliation of the EU transactions and other transactions. The aim is to reduce incorrect reporting.
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UK companies will not need a fiscal representative after Brexit in Denmark
The Danish tax authorities announced that there will be no need for a fiscal representative after Brexit, unless imports or exports are performed.
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Denmark increases control over foreign online sellers
Denmark will know the value of sales made by each online seller by looking at credit card statements.
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Triangulation is now simpler in Denmark
As from 1 July 2019, Denmark will allow triangulation even if the intermediary (Party B) is registered in destination country (Country C).
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Practical changes in the Danish tax authorities
The Danish tax authorities (´SKAT´) are divided in areas of work such as Customs, tax payments, Revenue, etc.
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Consignment stock reporting rules in Denmark
The Danish tax authorities have confirmed that a customer purchasing goods on consignment must deduct VAT at the time the invoice is issued
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Denmark increases control on distance sellers
As part of the initiatives to reduce VAT fraud in the online environment, the Danish tax authorities introduced a number of changes and additional controls on businesses selling goods and services over the internet