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Denmark’s Accounting Digitalization: Phase One Implementation Begins

  • Denmark’s new Bookkeeping Act mandates digitization of accounting processes from July 1, 2024
  • Businesses must use certified digital bookkeeping software or develop custom solutions
  • B2B e-invoicing is mandatory, using NemHandel platform or Peppol network
  • Invoices must comply with Peppol BIS 3.0 or local OIOUBL format
  • First phase affects medium and large enterprises from July 1, 2024
  • Subsequent phases target companies with self-developed software and specific turnover criteria
  • No further phases planned for very small companies

Source: fiscal-requirements.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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