WTS in Denmark

Our summary of R&D Incentives provides guidance where such incentives are provided, and who in WTS Global can support you to gain from these incentives for your business or individually the most.

The two judgments issued by the Danish High Court on 3 May 2021, which are known as the TDC case and the NetApp case, concern the beneficial ownership of dividend payments.

From Denmark we learn that foreign businesses may need more than a VAT number to be properly registered.

The Danish Ministry of Taxation has worked on preparing a new model for dividend taxation in Denmark. A draft bill was presented during 2020, which is currently subject to public hearing. If passed, the bill is intended to enter into force on 1 July 2021.

Denmark is modifying its rules for the reconciliation of input VAT deduction in case the actual use differs from the initial intentions. 

The Danish Parliament has implemented extensive relief packages for businesses operating in Denmark.