- The Tax Agency’s practice of correcting previously made deductions has been rejected by the Danish Court
- The Tax Agency is changing practice so that total repayment of deductions for changes in the use of immovable property no longer has to be made
- The change applies to immovable property covered by the regulatory rules in §§ 43-44 of the VAT Act
- In the event of a change in use from sale to VAT-free rental, withdrawal taxation must be applied going forward
Source: info.skat.dk
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.
Latest Posts in "Denmark"
- Denmark Clarifies VAT Liability for Subcontractor Agreements and Employee Income in Court Ruling
- Denmark accelerates e-invoicing and bookkeeping plans
- Denmark Confirms VAT Liability for Virtual Gold Sales in Online Gaming Transactions
- Danish Court Rules VAT Applies to Frequent Virtual Gold Sales by Individual Gamer
- Court Ruling: Multiple Defendants Convicted of Serious Tax, VAT, and Withholding Tax Fraud with Fake Invoices
