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 supply of goods / services from a VAT perspective.

Consequently, output VAT will need to be accounted for in relation to the private use of the asset.

By |October 3rd, 2017|