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Proposed Interest Charge on VAT, Tax Corrections from 1 July 2023

The Danish tax agency issued a consultation proposal on charging interest (at an annual rate of 8.4%) on value added tax (VAT) and tax corrections from 1 July 2023.

The tax agency has increased its focus on VAT compliance, with a particular emphasis on:

  • Transport documentation for VAT-free EU sales…

Source: KPMG

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