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VAT and Excise Duties on Import and Sale of Investment Wine Stored in Customs Warehouse

  • Investment wine imported from England was stored directly in a customs warehouse upon arrival in Denmark.
  • The Danish Tax Council confirmed no import VAT or excise duties were due when the wine was placed in the customs warehouse.
  • No sales VAT or excise duties were due on subsequent sales of wine stored in the customs warehouse.

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.



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