- Denmark will enforce new digital bookkeeping rules starting January 1, 2025
- All companies must use digital systems for electronic invoices, document management, and SAF-T data format
- Electronic invoicing is not immediately mandatory but systems must support it
- Non-compliance could result in fines up to DKK 1.5 million and negative audit reports
- The Danish Business Authority is informing businesses about the changes
- Companies with standard bookkeeping systems will have compliance managed by their providers
- Businesses with custom systems like SAP need to ensure their systems comply with new standards
- The initiative aims to modernize accounting practices, reduce tax fraud, and improve financial reporting efficiency
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.
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