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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.
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.
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 greater the turnover loss, the greater the subsidy...
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...
FAQ about tax issues etc. for employees and employers in response to Covid-19.
The third issue of tax:watch 2020, a newsletter about Danish Tax and VAT
Considering the travel restrictions implemented and other measures taken to limit the spread of COVID-19, we address some of the Danish tax implications for employees, who will be working in a different country than usual
The financial year 2018/19 was a good and strong year for BDO. We continue to be among the market leaders within advisory and audit, we have developed our tax and VAT business further, taken an even higher market share in the public market, activities in our Business Services & Outsourcing have...
Many companies are currently experiencing increased cashflow pressure, but consumer registration or accelerated tax refund registration can help to improve cashflow.