Many Danish businesses hire foreign labour, but Danish tax is rarely withheld from the payment. The reason is that labour in most cases is hired through foreign businesses who often also receive the payment. 

The Danish traffic law states that people resident in Denmark may only drive in this country in a car registered in Denmark.

On 19 May 2022, the Danish Parliament passed the bill to a new Danish Bookkeeping Act. It is a new act, which replaces the current Danish Bookkeeping Act.

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. 

Welcome to our 2022 edition of Snapshots. After a COVID induced pause, we are happy to be back sharing with you a selection of deals that out Corporate Finance teams across the globe have worked on over the recent months.We have a growing team on 2,500 corporate finance specialists in over 100...

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...