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From 1 January 2017, the conditions for utilising the Danish 26 pct. tax scheme will be relaxed slightly, allowing individuals taxed according to the scheme to adopt a more flexible work pattern.
Joint taxation with foreign subsidiaries, etc. is usually applicable for periods of 10 years at a time. A number of practical issues must be observed when international joint taxation are either to be terminated or re-elected.
The Danish tax authorities are often eager to point out the very large raises of taxable income implemented in transfer pricing cases. However, not all of them are upheld, and the National Tax Tribunal has just reversed a decision.
Reporting to the EU sales list of sales to companies in other EU countries is still causing problems in many Danish companies, and it is not without risks. The problem seems greatest in service-providing companies.
If a foreign group contribution is considered having passed an intermediate Danish company, the question arise how this distribution should be treated tax wise.
The Danish tax authorities expect that about 100 companies have not completed the tax return correctly regarding documentation on transfer pricing and inter-company transactions.
Regardless of whether a political agreement concerning the government’s “2025 plan” is reached, tax cuts are due in 2017. This is ensured by the annual adjustment of the various thresholds in the Danish tax code.
An initiative recently launched by the Minister of Taxation seeks to strengthen the rule of law by implementing rules for reimbursement of litigation costs for companies.
Not everyone is aware that owning a home located abroad will have tax implications in Denmark - regardless of the individual circumstances.