Denmark - vatcalc.com

Denmark digital certified invoicing & bookkeeping July 2024 launch

1 July 2024 in

Continuous Transaction Controls

July 2024: implementation of digital invoice and record keeping phased launch The implementation of the Danish Bookkeeping Act main digital requirements is now underway. Under the 2022 Danish Bookkeeping Act, Danish resident businesses are mandated to record and store their accounting records on approved accounting

Denmark increases 2024 Intrastat thresholds

25 January 2024 in

Denmark

Raised thresholds for declarations for EU intra-community dispatches and arrivals to Denmark Denmark has raised its Intrastat reporting thresholds to the following levels from 1 January 2024: Arrivals DKK 22m (approx €3m) from DKK 13m ; and Dispatches DKK 11m (approx €1.5m) from DKK 10m.

Denmark VAT guide 2024

20 January 2024 in

Country VAT guide

VAT compliance and reporting rules in Denmark 2024 Country VAT guides Below is summary of the major rules provided under Danish VAT rules (Momsloven, 'VAT law'), plus adoption of EU VAT Directive provisions. Check our country VAT guides for other jurisdictions. Our VAT Calculator & VAT Filer products on a

Denmark imposes 2% streaming TV levy January 2024

28 December 2023 in

Latest country to impose tax on foreign streamers to support local TV production; will not contravene OECD BEPS Pillar 1 Denmark is joining Switzerland, Portugal and Spain with a 2% turnover tax on non-resident providers of streaming TV and films. This will rise to 5%

Denmark B2B domestic reverse charge telephony services

24 November 2023 in

Denmark

Anti-VAT fraud measure from January 2024 Denmark is to be the latest EU member state to introduce the domestic reverse charge on business-to-business supplies of telephony services. The anti-VAT fraud measure will come into effect from 1 January 2024. The measure applies to B2B wholesale

Denmark SAF-T

27 July 2023 in

Denmark

Denmark’s Standard Audit File for Tax introduced as part of wider certified digital bookkeeping requirements The Danish Business Authority, Erhvervsstyrelsen, has developed a proposed version of SAF-T reporting for resident businesses to adopt. This is part of the Danish digital bookkeeping requirements being phased in,

Denmark reverse charge on telecoms and other fraud measures

6 July 2023 in

Denmark

EU VAT Directive Art 194 domestic reverse charge to combat fraud Denmark’s Tax Administration has made a range of changes to its VAT laws to tackle VAT fraud. These include: Imposition of domestic reverse charge for wholesale sales of telecommunications services to tackle carousel fraud.

Denmark increases 2023 Intrastat thresholds

25 January 2023 in

Denmark

Raised thresholds for declarations for EU intra-community dispatches and arrivals to Denmark Denmark has raised its Intrastat reporting thresholds to the following levels: Arrivals DKK 22m (previously 13m); and Dispatches DKK 11m (previously 10m). The Intrastat electronic reporting form requires data including: goods description; commodity code;

Denmark digital certified invoicing and bookkeeping 2024

8 June 2022 in

Continuous Transaction Controls

Digital invoice and record keeping in phased launch 2024-25 Denmark is to require digital record keeping for businesses from 1 January 2024. This includes using only certified accounting software and ERS. This is similar to the UK Making Tax Digital plan, seeking to ensure the

Denmark imposes 6% streaming TV levy

27 May 2022 in

Latest country to impose tax on foreign streamers to support local TV production Denmark is joining Switzerland, Portugal and Spain with a 6%turnover tax on non-resident providers of streaming TV and films. France has a long-standing charge, too. This includes Netflix, Amazon Prime and Disney+.

Category: Denmark