Organisations grapple with a rapidly evolving set of risks facing their companies.  Third party attestation has become an increasingly important tool for creating trust and efficiency across supply chains and vendor relationships. 

Basically, a foreign parent company has four different models for improving the financial basis of a Danish subsdiariy:Guarantee for the subsidiary’s debtLoan to the subsidiaryCapital contribution without issue of sharesCapital contribution against issue of shares. 

BDO deals from around the world.

The Danish tax rules require that affiliated companies transact with each other on the same terms and conditions that they apply to unrelated parties. This is known as the “arm’s-length principle”. In order to comply with this requirement, it is therefore necessary to have established internal...

It is easy to set up a business in Denmark. Low taxes for corporations and expatriates make Denmark an attractive location for foreign companies to set up a business. However, before starting a business in Denmark, there are a number of practical issues to consider, which we’ll outline below. 

Subsistence allowances are amounts paid to cover the cost of food, accommodation and minor necessities in connection with business travel. Subsistence allowances can be paid tax-exempt, provided certain conditions are met. If these conditions are not met, however, a tax is levied on the...

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. 

Danish employers must - like employers in other countries - pay social security contributions for their employees. However, compared to most other countries, the Danish contributions are quite modest with average contributions of approximately EUR 2,000 per year per full-time employee. 

The Danish Ministry of Taxation has finally agreed with France on a double taxation agreement.