- Denmark will implement new regulations on local reverse charge VAT for wholesale supply of telecommunications services starting January 1, 2024.
- The regulations apply to various telecommunications services, including internet-based telephone services, paging services, and internet access services.
- The local reverse charge will be applicable when the primary intent of purchasing telecommunications services is for resale with minimal personal usage by the buyer.
- Businesses dealing in telecommunications services to another business must confirm if the buyer is a reseller, and the reverse charge procedure would apply in such cases.
- The regulations are limited to transactions between Danish entities that are both locally based and VAT-registered and universally applicable in situations where telecommunications services are resold and the buyer’s usage of these services is minimal, including internal transactions within a corporate group.
Source Taxually
Latest Posts in "Denmark"
- Partnership and owners not considered one taxable person for VAT purposes
- Updated DAC7 and DAC8 Reporting Rules for Digital Platforms and Crypto-Asset Service Providers
- 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
