Timeline
-
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.
-
January 2024: The requirement for companies to use an approved system (accounting classes B, C and D).
-
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"
- Bill Proposal: Amend VAT Exemption Rules for Education of Youth Under 30 by Ministry of Taxation
- Danish Court Upholds VAT on Imported Electric Vehicle as New Means of Transport
- Court Upholds Tax Authority’s Assessment of VAT on Bank Deposits for Tattoo Services
- Denmark Launches Consultation on SAF-T 2.0 for Enhanced Digital Accounting and Reporting Integration
- Denmark Unveils SAF-T 2.0 Draft to Enhance Digital Bookkeeping and Tax Reporting Automation