Fiscal subject related
Other news from Denmark
Denmark’s Digital Invoice Regulation
Greenland’s Self-Government has issued a new executive order mandating digital invoicing for transactions with public authorities, effective March 1, 2025. The regulation defines digital invoices as structured electronic documents that allow automatic processing, aiming to enhance financial efficiency and transparency. Read more
Reminder - cash register system for restaurants and cafés in Denmark
Restaurants and cafés in Denmark must ensure their cash register systems are efficient, user-friendly, and compliant with new 2024 bookkeeping regulations. Non-compliance with these standards could result in penalties. 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
A proposal for VAT in the digital age (ViDA) has been approved.
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
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
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