Last May, the Danish parliament passed a package of reforms affecting the Danish Bookkeeping Act (Act no. 700 of May 24, 2022), which replaces the previous act that had been in force since 1999. The main objective remains to strengthen the fight against tax fraud and increase the degree of digitalization of Danish companies’ accounting records.
The Danish Bookkeeping Act entered into force on the 1st of July 2022, becoming the Digital Bookkeeping as of the following dates:
- 1 October 2023 (TBC): Companies that have an obligation to submit annual reports to the Danish authority.
- 1 January 2026 (TBC): All other companies and associations with an annual net turnover of more than DKK 300,000 (approx. €40,000) for two consecutive years.
Source Edicom
