Denmark
Denmark is one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | DK |
| EU Member State | Yes |
| Local name | Merværdiafgift (Moms) |
| VAT number format | DK 12345678 |
| VAT Rates | |
| Standard VAT Rate | 25% |
| Reduced VAT Rate | n.a. |
| Special Reduced VAT Rate | n.a. |
| VAT Compliance | |
| Standard VAT Return filing period | Monthly, calendar quarter or half year (6 months) |
| Standard VAT Return filing deadline | 25th day of the month following the filing period or last day of second month following filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses, except Norway, Iceland, Greenland and Faroe Islands |
| Record retention period | 5 years |
| Electronic invoicing | Not mandatory for B2B transactions Click HERE for more info |
| Real-time reporting | n.a. * |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
No |
| Other domestic reverse charge mechanisms? | Yes, e.g. (sub-)contracting work, supplies of specific goods (e.g. scrap, waste materials, IT-products) |
| Postponed Accounting on Import | Yes |
| VAT Grouping possible? | Yes |
| VAT Refunds for non-EU businesses? | Yes (no reciprocity) |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks | * There are real-time reporting requirements for 'cash transactions' |
Below is an overview of the latest VAT news for this country.
Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.
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