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 charging electric cars – refund – re-opening of tax periods
Denmark
Author: Ivana Picajkić
Category:
Fiscal subject related
Views:
62
Content accuracy validation date:
08.11.2024
Content accuracy validation time:
08:13h
Other news from Denmark
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
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
A proposal for VAT in the digital age (ViDA) has been approved.
Public
Author: Nikolina Basić
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
SAF-T requirement expanded to include entities using unregistered ERP systems in Denmark
Denmark
Author: Ivana Picajkić
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
Summary of E-Invoicing and E-Reporting in Denmark
Public
Denmark
Author: Ivana Picajkić
Denmark
Author: Ivana Picajkić
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
The EU's New Template for Multinational Tax Reporting
Public
Denmark
Author: Ivana Picajkić
Denmark
Author: Ivana Picajkić
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
Denmark's Cash Payment Limits: What You Need to Know
Denmark
Author: Stefan Ditrih
In Denmark, businesses are prohibited from accepting cash payments of 20,000 kroner (approximately 2,689 euros) or more in a single transaction to combat money laundering, while consumers must report large cash payments of 8,000 kroner or more to avoid tax liability. Read more