- Denmark has made changes to the Danish VAT Act to combat tax fraud
- The national reverse charge procedure now applies to telecommunications services
- A notification system has been set up to alert taxable persons who have purchased goods with unpaid VAT
- Taxable persons must declare VAT-exempt output transactions and state their input VAT ratio in an annual declaration
- Denmark has adjusted its rules for calculating interest on retrospective VAT payments
- Interest is calculated based on the additional VAT owed, with a minimum monthly interest rate of 0.7%
- The regular statute of limitations for VAT purposes is 36 months, with a potential interest surcharge of up to 25% for corrections in the oldest reporting period.
Source: kmlz.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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