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The Danish tax rules require that affiliated companies transact with each other on the same terms and conditions that they apply to unrelated parties. This is known as the “arm’s-length principle”. In order to comply with this requirement, it is therefore necessary to have established internal...
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
FAQ about tax issues etc. for employees and employers in response to Covid-19.
When employees drive their own cars for business purposes, they take on costs. Employers can only cover these costs tax-free for the employees by paying fixed-rate mileage allowances and adhering to certain conditions.
BDO’s latest Cyber Threats Quarterly Report analyses the impact of cyber threats on critical infrastructure.
In 2018 the Danish Parliament, Folketinget, adopted a new Holiday Act. The new Act introduces the concept of ”concurrent holiday”, changes the holiday year and introduces a transitional arrangement that will apply for a number of years. These changes are significant and will impact the liquidity...