- Denmark has passed a new bookkeeping act in May 2022 to increase digitalization in companies and prevent tax fraud.
- The act mandates companies to maintain digital records and create a detailed description of their bookkeeping process.
- The new digital bookkeeping system includes provisions such as registration of transactions, safe storage, cyber security measures, and automation of administrative processes.
- The implementation timeline for the new system is set for February 2023, and it will be mandatory for companies liable for accounting according to the Annual Accounts Act.
- The Danish Business Authority (ERST) is responsible for the registration of companies that wish to become PEPPOL access points or service metadata publisher.
- The NemHandel portal is a national service that enables companies to submit secure electronic invoices over the internet.
Source SNI
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