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Interest on VAT corrections from 1st July 2023

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

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