On 19 May, the Danish Parliament passed a new Bookkeeping Act, aiming to mandate all Danish businesses to send and receive invoices electronically.
With the ambition to digitize the economy and reduce tax evasion, Denmark becomes yet another country to enforce e-invoicing. The new Bookkeeping Act, entering into force on 1 July 2022, requires all companies, regardless of size, to issue, receive, process and archive invoices electronically.
The timelines for the implementation of the new obligations are dependent on company turnover, with implementation deadlines from 1 January 2024 until 1 January 2026.
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