Information page about Corona measures
We have created this special information page, where we provide updates and relevant professional information regarding COVID-19 and measures put in place to support Danish companies on an ongoing basis. This will include information and relevant professional knowledge regarding the government’s accelerated legislation, support packages, etc.
We remain at the full disposal of our customers and Danish businesses, and we will do our utmost to maintain a close dialogue, to be available and to ensure stable operations in spite of the special circumstances.
For the time being, all our advisors will be working from home, and we would encourage you and our other customers to follow the three guidelines below, which will ensure the advancing of our task handling and protect everyone’s health as we move forwards:
- All in-person meetings will be converted to telephone meetings or online video meetings.
- We encourage you to submit the materials that we need for our task handling as soon as possible. For example, this could be interim materials for annual accounts.
- Contact your advisor directly to make a plan for the submission/delivery of physical delivery.
If you have any questions regarding specific tasks, meetings or the like, please contact your advisor directly. You are also welcome to contact us on our main number, +45 89 30 78 36, or you can find contact information for our offices and employees at bdo.dk.
Latest news about COVID-19
The rules on tax residence and tax exemption are relaxed as a result of the corona pandemic
25 june 2020
The corona pandemic has caused restrictions on where people can stay and perform their work. Consequently, new Danish tax rules have been adopted to mitigate a number of unintended consequences for certain individuals.
Temporary relief for special groups due to the corona pandemic
29 may 2020
Non-resident individuals, expatriates and employees taxed according to the Danish tax scheme for inbound expatriates are considered in a temporary relief effort by the government due to the corona pandemic.
COVID-19: Subsidy to cover fixed costs
6 May 2020
Companies losing more than 40% of their turnover as a result of COVID-19 - also known as coronavirus - can apply for a subsidy in the shape of a support package from the state to cover their fixed costs for the period 9 March - 8 June 2020.
The impact of COVID-19 on your transfer pricing arrangements
28 april 2020
Join BDO’s international Transfer Pricing Partners at our complimentary global webinar on Tuesday 5 may from 2 pm to 3 pm. They will share practical insights on key transfer pricing considerations during the COVID-19 crisis.
Employers can now apply for wage compensation
28 April 2020
The specific rules for payment of wage compensation for employees who have been asked to stay home have now been published. The state will cover 75% of the wages for white-collar employees and 90% for employees on hourly wages if the employer continues to pay the usual wages during the stay-at-home period and does not lay employees off.
COVID-19: Compensation scheme for the self-employed
24 April 2020
Owners of companies with not more than 10 full-time employees can receive compensation of DKK 23,000 per month for three months if their turnover decreases by at least 30% as a consequence of COVID-19, also known as coronavirus. The access to submitting applications opened 1 April 2020.
COVID-19: Organisers of cancelled events can now apply for compensation
23 April 2020
It is going to be rather complicated for many sport clubs and for concert and exhibition organisers, among others, to work out whether they are entitled to compensation for their cancelled events as a consequence of the coronavirus. Here, we give you a quick overview of the regulations involved.
Covid-19 And The International Double Tax Conventions
16 April 2020
The OECD Secretariat issued a guiding statement on the ways in which the double tax conventions are influenced by the fact that employees and managers of companies are working from home and perhaps even perform their jobs in another country than where they would normally do it.
New crisis hub from the global BDO network
31 March 2020
We are living through an unprecedented time that almost no business has had a ready-to-use plan for. But like all other businesses, we are doing our utmost to manage the many challenges arising from the COVID-19 pandemic. The health and safety of our people, our clients and stakeholders are very important to us.
Covid-19: Tax issues for individuals who will be working in a country other than they usually do
27 March 2020
In light of the imposed travel restrictions and other measures aimed at limiting the spread of Covid-19, we offer the following FAQ for employers and their employees. The FAQ provides answers to the tax and social security queries following from some employees working in another country than they normally do.
Cashflow savings? Tax registration is a solution
20 March 2020
Many companies are currently experiencing increased cashflow pressure, but consumer registration or accelerated tax refund registration can help to improve cashflow.
Provisional wage compensation for wage-earners in the private sector labour market
18 March 2020
The Danish government and the labour market parties have entered into a tripartite agreement concerning a wage-earner package to aid Danish workplaces and ensure that wage-earners receive their wage as usual.
The Danish Parliament’s business support package
17 March 2020
As an attempt at providing companies with a liquidity buffer to mitigate the financial consequences of the coronavirus, the Danish Parliament has decided to extend certain payment deadlines for tax and VAT and to raise the ceiling for tax account deposits.
The significance of the Corona pandemic for the 2019 annual accounts
17 March 2020
Based on current information, there is no doubt that the coronavirus will be of significant financial importance to many companies. For most companies with calendar year accounts, however, it will only have limited effect on the submission of accounts for 2019.
Information for employers concerning Covid-19
16 March 2020
Due to the current situation in Denmark regarding Covid-19, there are some measures that you as an employer can take in case that you are experiencing a decrease in your sales or your employees are falling ill.
Precautionary measures regarding COVID-19
12 March 2020
The development and spread of Coronavirus/COVID-19 means that we – along with many other organizations – are implementing a number of precautionary measures and are preparing for possible scenarios that will ensure that we remain operational throughout these special circumstances. We do this to keep each other safe and to support the actions taken by the Danish government.