Locking the speculative deposit did not trigger a taxable event. This was because the taxpayer could not withdraw the deposit during the agreed-upon period, terminate the period prematurely, retained ownership rights, and the deposit’s nature remained unchanged while locked.
The release of the deposit also did not result in a taxable event. This was because there was no change in ownership when the deposit was released, and the assets’ character remained consistent at that time.
Source: globalvatcompliance.com
Click on the logo to visit the website
Latest Posts in "Denmark"
- Denmark’s 2026 VAT Changes: Impact on Education, Fitness, and Mental Sports Activities
- Denmark’s Conservative Party Proposes Removing 25% VAT on Fruits and Vegetables to Lower Costs
- Denmark Finalizes SAF-T 2.0 Consultation, Prepares for Enhanced Digital Accounting Standards
- Denmark Launches Consultation on SAF-T 2.0
- Danish Tax Agency Revises VAT Refund Rules: New Flexibility and Safeguards for Businesses
