- Denmark’s Bookkeeping Act introduces mandatory digital accounting rules from January 1, 2026 to reduce tax fraud and support digitalization.
- VAT-registered businesses, including foreign companies active in Denmark, must use a compliant digital accounting system if their net turnover exceeds DKK 300,000 for two consecutive years.
- Manual or paper records will no longer be allowed; transactions must be recorded, stored, and managed electronically, including e-invoicing and SAF-T capability.
- VAT returns must be reconciled with bookkeeping by the reporting day, and data must be retained securely for at least five years with backups in the EU/EEA.
- Non-compliance may lead to enforcement by Danish authorities and fines of up to DKK 1.5 million.
Source: p2pnetwork.org
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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