On 19 May 2022, the Danish Parliament passed a new accounting law that requires taxpayers to make their bookings electronically using a digital accounting system. This requirement will apply to all companies that are obliged to submit an annual report to the Danish Tax Authority and others that are not obliged to submit annual reports but exceed certain turnover thresholds. The mandate will take effect gradually between 2024 and 2026, depending on the company’s form and turnover.
Source Sovos
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