The Danish tax authorities have been granted the right to request that payment providers, such as credit card issuers, provide them with information related to the payments they process. This will apply to providers that issue cards to private customers and those cards were used to make payments made within [...]
As of 1st July 2019, Denmark is expanding the scope of its simplified triangulation mechanism. Triangulation is an EU scheme advantageous to companies making supplies of cross-border goods. It applies when there is a supply chain of goods made up of three businesses from different Member States (A,B & C), [...]
Denmark has updated its guidance on the VAT treatment applied to private use of business assets by staff. The Danish Tax Authorities have essentially stated that should a taxable person acquire assets for both private and personal use, then the private use by an employee should be treated as a [...]
We understand that the Danish tax authority have been granted new powers to help them ensure that non-established traders pay their share of VAT due on sales in Denmark. The e-commerce industry is going to be specifically targeted and to this end, payment solution providers and credit card suppliers will [...]
Currently Denmark allows a 75% VAT deduction on hotel accommodation for business travel. As part of a growth plan for the economy, Denmark has increased the deduction to 100% effective from 1 January 2015. This follows a similar move in 2014 when the deduction on hotel accommodation had increased from [...]
From the 1 July 2014, Denmark will apply the extended reverse charge to domestic supplies of consumer electronic goods such as mobile devices, laptops and computers and games consoles. The reverse charge operates by the customer accounting for the applicable VAT instead of the supplier. However, the rules will only [...]
In January the Danish tax authorities extended the reporting period for smaller businesses with turnover between DKK 1 million (EUR 135,000) and DKK 5 million (EUR 670,000). Under the new rules businesses will now only need to file a VAT return every six months – January to June, July to [...]
Currently Denmark allows a 50% VAT deduction on hotel accommodation for business travel. As part of a growth plan for the economy, Denmark has proposed to increase the deduction to 75% from 1 January 2014.