From the 1st July 2023, the Danish tax authorities will charge interest of 0.7% per month (8.4% per annum) on VAT corrections; underpayment of VAT or over claim of input VAT. The interest accrues from the day after the submission deadline of the relevant VAT return.
Source: meridianglobalservices.com
Latest Posts in "Denmark"
- Denmark to Implement VAT on Leisure and Teaching Courses with New Tax Deduction
- Denmark to Abolish 25% VAT on Books to Combat Reading Crisis and Boost Literacy
- Director Sentenced for VAT Fraud: 1-Year Suspended Sentence and 650,000 DKK Fine
- Municipalities Denied Electricity Tax Reimbursement for Street Lighting Due to Lack of VAT Deduction Rights
- Bill Proposal: Amend VAT Exemption Rules for Education of Youth Under 30 by Ministry of Taxation
