- Denmark is implementing new regulations effective from January 1, 2024, requiring certain businesses such as cafes, restaurants, grocery stores, and takeaway services to upgrade their Point of Sale (POS) systems.
- The new mandate aims to enhance sales reporting accuracy and facilitate easier tax audits by ensuring that POS systems can digitally register and report sales transactions in the Standard Audit File for Tax (SAF-T) format.
- This move emphasizes digital compliance and transparency, signaling Denmark’s commitment to leveraging technology for financial and tax reporting.
- The transition represents a significant shift for businesses and underscores Denmark’s effort to modernize its approach to business regulation.
- Businesses are encouraged to review their current POS systems and prepare for the upcoming changes to meet the new requirements by the January 1, 2024 deadline.
Source RTCsuite
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