- Digital Bookkeeping Mandate: Beginning January 1, 2025, Denmark’s Bookkeeping Act requires most companies to adopt digital bookkeeping and e-invoicing, either through certified solutions or compliant self-developed systems.
- Compliance Timeline: Medium and large companies using certified solutions must comply by July 1, 2024, and this obligation will extend to those using self-developed systems starting January 1, 2025.
- Future Requirements: By July 1, 2026, all businesses, including sole proprietors with annual turnover exceeding 300,000 DKK (~40,000 €), will be required to maintain digital records, issue structured e-invoices, and provide SAF-T data upon tax authority request.
Source The Invoicing Hub
Latest Posts in "Denmark"
- Change in VAT Practice: Definition of “Irrelevant Purpose” and Reassessment of Extraction VAT
- Deduction Denied for Subcontractor VAT and Expenses; Liability for Withheld Taxes Upheld
- Denmark Court Upholds Denial of Business Registration Over Misrepresentation and Tax Evasion Concerns
- Requirement for Financial Security for VAT, A-tax, and AM Contributions Registration Upheld by Tax Appeals Board
- Deductibility of Input VAT for Unregistered Company: No Fraud, Case Remitted for Reassessment
