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The fourth issue of tax:watch 2020, a newsletter about Danish Tax and VAT
Companies subject to reporting class B of the Danish Financial Statements Act can avail of audit exemption. However, the companies continue to have to prepare and submit financial statements to the Danish Business Authority according to the rules of the Danish Financial Statements Act. Audit...
The OECD has 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 usual
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.
Self-employed, freelancers and other companies (corporate owner-managers) 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...
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.