Deadline for filing the tax return for 2016 for companies

31 March 2017

After a few years of extended tax return deadline, a return to the ordinary rules is now a fact. This means that the tax return for corporations must once again be filed within six months after year-end.

For companies with a fiscal year ending on 30 September 2016, the tax return deadline expires at the end of March 2017.

Companies with a fiscal year identical to the calendar year have time up to and including 30 June 2017 for filing the tax return for the fiscal year 2016.

Companies that do not file the tax return in a timely manner must pay a tax surcharge of DKK 200 for each day of delay. However, the surcharge is limited to DKK 5,000.

For jointly taxed companies, the surcharge is due for each company. The total amount is charged on the administrative company's annual statement of taxable income.

The extended tax return deadline for the tax years 2014 and 2015 was due to the transition to digital tax returns for companies and implementation of the new tax losses carry forward register.

The obligation to file tax returns digitally takes effect from the fiscal year 2016 and is expanded to include companies and associations taxed as co-operatives.

The above article is taken from tax:watch, our electronic English newsletter on Danish Tax and VAT matters. tax:watch is issued on the last Friday of each month and is free of charge. Please sign up here.