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Denmark introduced a new bookkeeping system on January 1, 2025, mandating electronic storage and SAF-T data exchange, and announced future changes to digital bookkeeping requirements for foreign VAT-registered entities.
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From January 1, 2026, non-resident VAT-registered businesses with turnover over DKK 300,000 (EUR 40,000) for two consecutive years must comply with Danish digital bookkeeping rules.
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Violations of digital bookkeeping rules can result in penalties of up to DKK 1.5 million (EUR 200,000), with potential audits and qualified opinions issued if systems don’t meet compliance criteria.
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VAT-registered foreign entities should prepare systems to handle e-invoices using OIOUBL and Peppol BIS formats and generate SAF-T files containing all necessary data before the new rules take effect.
Source: vatabout.com
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