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 2025: Arrivals DKK 42m from DKK 22m ; and Dispatches DKK 11.3m from DKK 11m. The Intrastat electronic reporting
Jan 2026 next phase Bookkeeping Act: digital booking; e-invoicing; and SAF-T The implementation of the Danish Bookkeeping Act main digital requirements is now underway. The next major phase is January 2026 for private businesses with a turnover exceeding DKK 300,000. Under the 2022 Danish Bookkeeping
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’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,
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.
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;
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
Ending of VAT liabilities deferral Denmark is the latest European country to start the withdrawal of coronavirus-related Value Added Tax support measures. The repayment period for VAT liabilities due by 1 November 2021 or 1 February 2022 has now been moved to 1 April 2022.
