Spotlight on Global Tax Assurance and Risk Management

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Due to further restrictions a political agreement has been entered into to reopen the general aid packages from Spring for all companies in Denmark.

This will not come as a newsflash, but IoT (Internet of things) is growing. It has been growing at an explosive rate the last couple of years, and it is not showing any signs of slowing down. Because of this, what is also not slowing down, are attacks against IoT. The first half of 2019...

The bill introduces defensive measures and sanctions against countries that do not live up to international tax standards and good tax practices. The Danish Ministry of Taxation submitted the new bill to public consultation on 12 November 2020.

The reintroduced draft of the proposed CFC bill still does not contain the exemption available in the ATAD Directive where CFC taxation is not applied if the CFC entity has a substantive economic activity (substance test).

Consequently, transfer pricing documentation must be submitted to the tax authorities along with the corporate income tax return in the future.

The Danish Government has reached a political agreement on a new pension reform, which is to be partly financed through an annual mark-to-market capital gains tax on certain real property assets.