Timeline
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January 2023: By that time, the detailed requirements will have to be published by the Danish Business Authority. System suppliers must then adapt their products to the new regulations and apply to the Agency for approval of their systems.
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January 2024: The requirement for companies to use an approved system (accounting classes B, C and D).
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January 2026: This requirement will also apply to personally owned accounting class A companies with a turnover of more than DKK 300,000.
Source Comarch
Latest Posts in "Denmark"
- Danish Court Rules Tattoo Studios Not Eligible for VAT Exemption on Artistic Activity
- Denmark Clarifies VAT Treatment for LLC-to-Partnership Restructuring and Bonus Payments
- Court upholds tax authority’s VAT assessment for tattoo business lacking proper documentation
- Partnership and owners not considered one taxable person for VAT purposes
- Updated DAC7 and DAC8 Reporting Rules for Digital Platforms and Crypto-Asset Service Providers
