An offering from BDO’s cybersecurity practice

The first issue of tax:watch 2019, a newsletter about Danish Tax and VAT

A new political agreement ensures tax-exempt transfer of businesses to commercial funds

The Danish parliament has adopted changes to the Danish tax scheme for inbound expatriates to better help Danish businesses attract highly skilled employees from abroad

Basically, a foreign parent company has four different models for improving the financial basis of a Danish subsdiariy:1. Guarantee for the subsidiary’s debt2. Loan to the subsidiary3. Capital contribution without issue of shares4. Capital contribution against issue of shares. 

Denmark levies withholding taxes on the following outbound payments: 

When employees drive their own cars for business purposes, they take on costs. Employers can only cover these costs tax-free for the employees by paying fixed-rate mileage allowances and adhering to certain conditions. 

Targeted strategy gives high growth – revenue tops one billion