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Denmark goes digital in accounting & taxation

Denmark has some interesting VAT regulations in place. For example, it is allowed to treat selected environmental and energy taxes similarly, to input VAT and decrease business liability to tax authorities.

Danish VAT reporting obligations may be considered straightforward. In particular, there is no specific Digital Reporting Requirement (DRR) imposed in Denmark yet. However, this status will change in the near future because of the introduction of digital bookkeeping requirements also covering mandatory e-invoicing. It is expected that the new obligations will come into force in January 2024.

Source SNI – Ridvan Yigit

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