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The fiscalization requirements in Denmark do not mandate any hardware or technical solutions that have to be implemented. Instead, software functionalities are the prime area of Danish fiscalization regulation. Signing transactions and storing transaction data are at the core of the system.
Denmark
Denmark introduced its first fiscal requirements in 2019. Mandatory POS functionalities have to be implemented by law, while the specifics of the digital signature, electronic journal, and SAF-T are given in the technical documents provided by the Danish Tax Authority.
Type of fiscalization: Software
Latest news for Denmark
See moreSAF-T requirement expanded to include entities using unregistered ERP systems in Denmark
Starting January 1, 2025, Denmark will expand its SAF-T requirement to include entities using unregistered digital ERP systems, ensuring these systems can generate compliant SAF-T files for secure data export. Read more
SAF-T requirement expanded to include en...
Starting January 1, 2025, Denmark will expand its SAF-T requirement to include entities using unregi... Read more
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
New document was uploaded: Recorded webi...
If you are struggling with complex e-invoicing implementations across multiple countries, and if you... Read more
Summary of E-Invoicing and E-Reporting in Denmark
E-invoicing is mandatory for B2G transactions in Denmark, with digital reporting regulations introduced in 2023, requiring entities to register systems by October 2023 for compliance starting January 2024. Upcoming deadlines include mandatory financial statement submissions by January 1, 2025, and compliance for personal ownership companies with turnover above 300,000 DKK from July 1, 2026. Denmar... Read more
Summary of E-Invoicing and E-Reporting i...
E-invoicing is mandatory for B2G transactions in Denmark, with digital reporting regulations introdu... Read more
The EU's Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Digital Age (ViDA) proposal, aiming to modernize VAT rules and combat tax fraud. ViDA introduces key measures like Digital Reporting Requirements (DRR), VAT collection for the platform economy, and expanded Single VAT Registration, with implementation planned from 2027 to 2035. Businesses must prepare... Read more
A proposal for VAT in the digital age (V...
The EU's Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Dig... Read more
The EU's New Template for Multinational Tax Reporting
The EU has introduced a standardized template for large multinationals to report taxes paid in each country of operation, aimed at improving transparency and combating tax evasion. Starting from financial statements post-June 22, 2024, companies with a turnover over €750 million must disclose financial metrics such as revenue, profit before tax, and taxes paid for each country, with the first repo... Read more
The EU's New Template for Multinational...
The EU has introduced a standardized template for large multinationals to report taxes paid in each... Read more
Deductibility of VAT on electricity for charging electric cars – refund – re-opening of tax periods
The Tax Council ruled that the questioner could not deduct VAT on electricity tax for charging customers' electric cars, as it did not qualify as a deductible business expense under the VAT Act. Read more
Deductibility of VAT on electricity for...
The Tax Council ruled that the questioner could not deduct VAT on electricity tax for charging custo... Read more
Latest document for Denmark
See moreRecorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
Recorded webinar: E-invoicing for Global...
If you are struggling with complex e-invoicing implementations across multiple countries, and if you... Read more
Overview of fiscalization in European countries
This document contains an overview of the presence of fiscalization and its types in all European countries. Read more
Overview of fiscalization in European co...
This document contains an overview of the presence of fiscalization and its types in all European co... Read more
Digital Product Passport
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
Digital Product Passport
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in th... Read more
Recorded webinar: It’s time to grow together
In this discussion, we have introduced our new partner program and what is essential for international growth, while dealing with topics such as - Success factors for POS applications - What does globalization mean? - How to grow globally? Furthermore, we presented benefits for our partners. Last but not least, we presented our fiscal cloud architecture and its important features. Read more
In this discussion, we have introduced our new partner program and what is essential for internation... Read more
The purpose of this document is to provide an overview of the fiscalization requirements by comparing and contrasting the rules and regulations in Norway and Denmark. The document itself will include all relevant information from the most important laws that regulate this matter and provide insight into the similarities and differences between these two fiscal systems. The reason for comparing these two fiscal systems is that the Danish system is based on the Norwegian fiscal system with few differences, which will be highlighted in the text. Read more
Fiscal law comparison between Norway and...
Legal Q&A – Denmark
Q&A is a crucial document containing answers to common questions when it comes to fiscalization. Its content spares you the precious time you would invest in researching this specific field. This document, prepared by our experienced fiscal experts, unveils answers to questions such as: What is the type of fiscalization in the country? When did it start, and what was the timeline? What does the history of changes look like? What is the law? Which are the other regulations? Where does fiscal law need to be implemented? These examples concern only some general questions, but there are also chapters describing journals, communication with authorities, taxes, VAT, etc., and therefore questions and answers concerning these topics. Read more
Legal Q&A – Denmark
Q&A is a crucial document containing answers to common questions when it comes to fiscalization. Its... Read more