Menu
  • Locations
  • About Us
  • Services
  • Experts
  • News
  • Knowledge
  • Culture & Career
  • Locations
  • Search
  • Press
  • Events & Webinars
  • CI Guide
  • Contact
  • Albania
  • Angola
  • Argentina
  • Armenia
  • Australia
  • Austria
  • Bangladesh
  • Belarus
  • Belgium
  • Benin
  • Bolivia
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Chile
  • China
  • Colombia
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Guatemala
  • Guinea
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Ivory Coast
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lithuania
  • Luxembourg
  • Macao
  • Macedonia
  • Madagascar
  • Malaysia
  • Mali
  • Malta
  • Mauritius
  • Mexico
  • Moldova
  • Mongolia
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Nepal
  • Netherlands
  • New Zealand
  • Niger
  • Nigeria
  • Norway
  • Pakistan
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Romania
  • Russia
  • Rwanda
  • Saudi Arabia
  • Senegal
  • Serbia
  • Seychelles
  • Singapore
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sri Lanka
  • Sweden
  • Switzerland
  • Taiwan
  • Tanzania
  • Thailand
  • Togo
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • USA
  • Uzbekistan
  • Venezuela
  • Vietnam
  • Zambia
  • About Us
  • Our CEO
  • Our Board
  • Our Global Executive Team
  • Quality, Process & Risk Management
  • Corporate Tax
  • Customs
  • Financial Services
  • Global Mobility
  • Indirect Tax
  • International Corporate Tax
  • Mergers & Acquisitions (M&A)
  • Private Clients & Family Office
  • Sustainability & ESG in Taxation
  • Tax Controversy
  • Tax Technology
  • Transfer Pricing & Valuation
  • Real Estate
  • Latest News
  • Pillar Two - Global Minimum Tax
  • Brochures
  • Newsletters
  • Newsletter Subscription
  • Surveys & Studies
  • The Digital Tax Law Center (DTLC)
  • The European Tax Law Center (ETLC)
  • Climate Protection, Green Tax & Energy
  • Sustainability & ESG in Taxation
  • Tax Loss Carryback
  • Real Estate Guide
  • Tax and Investment Facts CEE
  • Assignments to Europe & Asia Pacific
  • Assignments to the Americas
  • Culture and Leadership
  • Diversity
  • WTS Global Academy
  • Career
  • Your Development
  • Jobs
  • Pillar Two Team
  • Press
  • Events & Webinars
  • CI Guide
  • Contact
WTS worldwide
  • Albania
  • Angola
  • Argentina
  • Armenia
  • Australia
  • Austria
  • Bangladesh
  • Belarus
  • Belgium
  • Benin
  • Bolivia
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Chile
  • China
  • Colombia
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Guatemala
  • Guinea
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Ivory Coast
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lithuania
  • Luxembourg
  • Macao
  • Macedonia
  • Madagascar
  • Malaysia
  • Mali
  • Malta
  • Mauritius
  • Mexico
  • Moldova
  • Mongolia
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Nepal
  • Netherlands
  • New Zealand
  • Niger
  • Nigeria
  • Norway
  • Pakistan
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Romania
  • Russia
  • Rwanda
  • Saudi Arabia
  • Senegal
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sri Lanka
  • Sweden
  • Switzerland
  • Taiwan
  • Tanzania
  • Thailand
  • Togo
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • USA
  • Uzbekistan
  • Venezuela
  • Vietnam
  • Zambia
  • About Us
    About Us

    Here you will find more information on our organization’s structure, experts and global reach.

    Read more
    About Us Our CEO Our Board Our Global Executive Team Quality, Process & Risk Management
  • Services
    Services
    Read more
    Corporate Tax Customs Financial Services Global Mobility Indirect Tax
    International Corporate Tax Mergers & Acquisitions (M&A) Private Clients & Family Office Sustainability & ESG in Taxation Tax Controversy
    Tax Technology Transfer Pricing & Valuation Real Estate
  • Experts
    Experts

    With a representation in over 100 countries, our team offers local expertise on a global scale. Learn more about our experts.

    Read more
  • News
    News

    Find here the latest news 

    Read more
    Latest News
  • Knowledge
    Knowledge
    Read more
    Pillar Two - Global Minimum Tax Brochures Newsletters Newsletter Subscription Surveys & Studies
    The Digital Tax Law Center (DTLC) The European Tax Law Center (ETLC) Climate Protection, Green Tax & Energy Sustainability & ESG in Taxation Tax Loss Carryback
    Real Estate Guide Tax and Investment Facts CEE Assignments to Europe & Asia Pacific Assignments to the Americas
  • Culture & Career
    Culture & Career

    The WTS Global Academy - Bringing value to the whole

    Read more
    Culture and Leadership Diversity WTS Global Academy Career Your Development
    Jobs
  • Locations
    Locations
    Read more
  • Search
04.06.2021

Requirements for foreign businesses registered for VAT in Denmark

Foreign businesses registered for VAT in Denmark are confronted with subsequent obligations from different agencies depending on the activities carried out. We have summarised the typical compliance footprint a foreign business has towards the Danish authorities.

Businesses are VAT registered with the Danish Tax Agency. Foreign businesses without a business address in Denmark may appoint a local non-liable representative, e.g. a lawyer, to be the main point of contact in view of Danish authorities.

The business has obtained a VAT registration – what next?

VAT returns – how often and how do you do it?

When a business registers for VAT, it must report VAT returns on a regular basis. Usually, the business files its VAT returns on a quarterly basis, however if the business expects an annual turnover exceeding DKK 55 million (about EUR 7 million), VAT returns must be filed monthly.

After 1.5 years, the Danish Tax Agency may change the frequency of the VAT reporting to monthly, quarterly or semi-annually, depending on the actual turnover.

VAT returns are filed only on www.skat.dk, which is the Danish Tax Agency’s online portal. The easiest way to access is to obtain an e-tax password.

Make sure to have a NemKonto assigned.

All businesses operating in Denmark are required to register a NemKonto. A NemKonto is the business’s existing bank account, which is assigned as the account into which payments from Danish Authorities are transferred.

If the business is in a receivable VAT position, VAT will be returned to the NemKonto. As a result, no payments can be made prior to registering NemKonto. Furthermore, even if the business will only be in a payable position and will not receive payments from Danish authorities, it is still a requirement to obtain a NemKonto.

If the business has a Danish bank account, obtaining a NemKonto is easy. The Danish bank will assist with defining the bank account as the NemKonto.

Obtaining a NemKonto with a foreign bank account is generally a KYC-application process requiring various documentation as well as involving the authorised signatories of the business.

The processing time is currently up to 10 weeks, so we recommend starting the process as soon as the VAT registration has been completed.

Businesses with an address in Denmark must obtain a NemID.

All businesses with a business address in Denmark must obtain a NemID – specifically an employee certificate. NemID is a common digital secure solution, which is primarily used to access online banking or information from public authorities, which is sent to the business’s digital mailbox.

The business is responsible for monitoring the digital mailbox, which may contain important letters and deadlines.

Be aware of the Intrastat thresholds

All businesses in Denmark trading with other EU countries are liable to submit Intrastat declarations when certain thresholds are exceeded.

Intrastat is a statistical report on the trade of goods between Denmark and the Intrastat area, which consists of the EU and Northern Ireland.

Businesses are liable to report on Intrastat export in 2021 if:

  • The business’s total export of goods to other EU countries in 2020 exceeded DKK 5.2 million (about EUR 0.7 million), or
  • The business’s export of goods from other EU countries and Northern Ireland exceeds 12 million (about EUR 1.6 million) during 2021.

 

Businesses are liable to report to Intrastat import in 2021 if:

  • The business’s total import of goods from other EU countries in 2020 exceeded DKK 7.2 million (about EUR 0.9 million), or
  • The business’s import of goods from other EU countries and Northern Ireland exceeds DKK 14 million (about EUR 1.9 million) during 2021.

Other VAT compliance updates

As of 1 April 2021, it is possible for businesses to register in the One Stop Shop scheme in Denmark. As of 1 July 2021, the businesses are able to report and pay VAT in the One Stop Shop scheme.

Conclusion

In summary, a VAT registration in Denmark requires more than just the actual VAT registration. There are important requirements and expectations which must be followed so as to ensure compliance with Danish law.

Read the WTS Global VAT Newsletter here.

Article published in WTS Global VAT Newsletter #2/2021
Recent or expected changes in VAT and GST regulations and compliance duties in various EU and third countries
View publication
Newsletter Global VAT

The Global VAT Newsletter focuses on changes in compliance duties in various EU and non-EU countries.

Subscribe now
Articles you might be interested in

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

Denmark: Consequences of change of intention as to the use of real estate
Read more

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.

New model for dividend taxation in Denmark
Read more

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

Denmark: The export VAT system – cash optimisation
Read more

Get in contact

If you have any questions about WTS Global or our global services, please get in touch.
We will respond to you as soon as possible.

Contact
About Us
  • About Us
  • Our CEO
  • Our Board
  • Our Global Executive Team
  • Quality, Process & Risk Management
Services
  • Corporate Tax
  • Customs
  • Financial Services
  • Global Mobility
  • Indirect Tax
  • International Corporate Tax
  • Mergers & Acquisitions (M&A)
  • Private Clients & Family Office
  • Sustainability & ESG in Taxation
  • Tax Controversy
  • Tax Technology
  • Transfer Pricing & Valuation
News
Knowledge
  • Pillar Two - Global Minimum Tax
  • Brochures
  • Newsletters
  • Surveys & Studies
  • The Digital Tax Law Center (DTLC)
  • VAT Update for the Digital Economy
  • The European Tax Law Center (ETLC)
  • Tax Loss Carryback
  • Real Estate Guide
Culture & Career
  • Culture and Leadership
  • Diversity
  • WTS Global Academy
  • Career
  • Your Development
  • Jobs
Exclusive Cooperation With
© 2023 WTS Company Information Data Protection Disclaimer