- The new Bookkeeping Act in Denmark requires the digitization of all accounting processes, including invoicing, with the first phase taking effect on July 1, 2024.
- The Act mandates the use of certified digital bookkeeping software or custom-developed solutions compliant with the law. B2B e-invoicing will also become mandatory, formatted as Peppol BIS 3.0 or the local OIOUBL format.
- The subsequent phases will apply to different types of companies in the following years. Small companies are not included in the scope of the Act.
Source The Invoicing Hub
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Denmark"
- Denmark to Implement VAT on Leisure and Teaching Courses with New Tax Deduction
- Denmark to Abolish 25% VAT on Books to Combat Reading Crisis and Boost Literacy
- Director Sentenced for VAT Fraud: 1-Year Suspended Sentence and 650,000 DKK Fine
- Municipalities Denied Electricity Tax Reimbursement for Street Lighting Due to Lack of VAT Deduction Rights
- Bill Proposal: Amend VAT Exemption Rules for Education of Youth Under 30 by Ministry of Taxation