From June 2023, the Danish authorities have introduced a new VAT functionality to automatically reconcile the intra EU transactions (sales and acquisitions) included in the VAT return against the amount reported in the European Sales Listing and the information reported in VIES (VAT Information Exchange System) by suppliers in other Member States. It will also reconcile on a yearly basis the amount of VAT-exempt transactions against the amount reported in previous years, to check if there is a significant difference.
Source: meridianglobalservices.com
Latest Posts in "Denmark"
- Danish Court Declares RuneScape Gold Sales Subject to VAT in Landmark Digital Gaming Ruling
- Denmark’s New E-Invoicing, SAF-T 2.0, and ViDA Rules: What Businesses Need to Know
- Municipality’s Development Agreements Not Subject to VAT as Public Authority, Tax Council Rules
- Conditional Prison Sentence for VAT Fraud Using Straw Man and Preliminary Assessments, Eastern High Court 2025
- Denmark Updates VAT Refund Rules: New Flexibility and Safeguards for Businesses and Customers
