The seventh issue of tax:watch 2021, a newsletter about Danish Tax and VAT.

If you are buying services from subcontractors – especially in case of cleaning, transportation, or construction – you need to pay attention to, if the invoices fulfil the invoice requirements to achieve VAT deductions.

A law enacted in Denmark (L28/2020) on 3 December 2020 requires Danish companies to submit a master file and local file to the Danish Tax Agency within 60 days after the deadline for filing the annual corporate income tax return.

The sixt issue of tax:watch 2021, a newsletter about Danish Tax and VAT.

Holding companies that also provide management to their subsidiaries can deduct VAT on expenses to legal assistance relating to the acquisition of those subsidiaries – but not relating to divestment of these.

If you have acquired stocks in 2020 via a foreign broker, you must report your acquisition to the Danish Tax Agency no later than 1 September 2021 irrespective of whether the stock has been sold or not. If you do not comply with this, any loss will not be deductible.

The fifth issue of tax:watch 2021, a newsletter about Danish Tax and VAT.