- Denmark’s new Bookkeeping Act mandates digitization of accounting processes from July 1, 2024
- Businesses must use certified digital bookkeeping software or develop custom solutions
- B2B e-invoicing is mandatory, using NemHandel platform or Peppol network
- Invoices must comply with Peppol BIS 3.0 or local OIOUBL format
- First phase affects medium and large enterprises from July 1, 2024
- Subsequent phases target companies with self-developed software and specific turnover criteria
- No further phases planned for very small companies
Source: fiscal-requirements.com
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"
- Danish Tax Agency Revises VAT Refund Rules: New Flexibility and Safeguards for Businesses
- Denmark Updates VAT Refund Guidance for Suppliers and Customers
- Conservatives Propose Removing VAT on Fruits and Vegetables to Reduce Shopping Costs
- CJEU to Rule on Danish VAT Group Ownership Law Compatibility with EU Directive
- National Tax Court Denies Input VAT Deductions for Pre-Formation Advisory Services in Denmark
