Starting January 1, 2024, Denmark has implemented a cultural levy affecting on-demand audiovisual media services. It includes a 2% base rate on Danish revenues for all on-demand streaming companies, with an additional 3% surcharge for those investing less than 5% in local content. The levy applies to various business models but excludes audio-only services. Smaller providers and those involved in public service activities are exempt. The funds from the levy will support the production of Danish media, and the specific implementation details are yet to be finalized. This move is in line with EU directives and OECD rules on digital economy taxation (BEPS).
Source GlobalVATcompliance
Click on the logo to visit the website
Join the Linkedin Group on VAT/GST and E-Commerce HERE
Latest Posts in "Denmark"
- Denmark Cancels OIOUBL 3.0, Shifts to Unified E-Invoicing Standard Aligned with European Norms
- Denmark Cancels OIOUBL 3.0 and Unveils New Unified E-Invoicing Strategy
- Denmark Plans to Cut Food VAT From 2028, Debates Scope Amid Rising Prices
- Denmark Mandates Digital Accounting for VAT Businesses Over DKK 300,000 Turnover from 2026
- Denmark: Comprehensive VAT Country Guide (2026)
