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.

SMEs and large enterprises can now apply for interest free withholding tax loans. The application period is from May 10 to June 7, 2021.

New rules of reckless driving have been implemented in the Danish Road Traffic Act as of March 31, 2021.