- In Denmark, companies will soon be required to do their bookkeeping digitally using software that meets the government’s standards. This includes using Digital Bookkeeping Systems (DBS) that can issue, receive, and store e-invoices, as well as connect to Peppol and Nemhandel.
- There are two types of DBS: standard and customized. Standard DBS must be registered by January 1, 2024, while customized DBS requirements will be released in 2023.
- The timeline for implementation is as follows: companies using standard DBS must book digitally from the next accounting period starting July 1, 2024, and companies using customized DBS must do the same starting January 1, 2025. Personally owned companies with a net business turnover of more than DKK 300,000 will also need to book digitally starting in 2026.
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