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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...
Considering the travel restrictions implemented and other measures taken to limit the spread of COVID-19, we address some of the Danish tax implications for employees, who will be working in a different country than usual
Many companies are currently experiencing increased cashflow pressure, but consumer registration or accelerated tax refund registration can help to improve cashflow.
The Danish government and the labour market parties have entered into a tripartite agreement concerning a wage-earner package to aid Danish workplaces and ensure that wage-earners receive their wage as usual.
For companies with calendar year accounts, the virus outbreak will only in specialcases have any significance for the 2019 accounts since the outbreak in accounting terms is a non-adjusting subsequent event.
The self-employed are exempt from paying B-tax in April and May. Employers are exempt from paying in A-tax for three months. And both large and small companies get extended VAT credit. Some more than others.
A new urgent legislation from the Danish government helps the liquidity of companies by temporarily postponing the payment deadlines for VAT, AM-contribution and A-tax.
Danish businesses importing goods from or exporting goods to countries, which have concluded free trade agreements with the EU can avoid customs, if the documentation is secured