- Danish Ministry of Taxation opened consultation on Draft Bill No. 2024-3678
- Proposed amendments to VAT Act and Payroll Tax Act
- Measures include introducing zero percent VAT for passenger air transport
- Extending VAT exemption for first sales of artworks
- Increasing VAT exemption threshold for first sales of artworks
- Creating legal basis for Minister of Taxation to establish timing rules for VAT deductions
- Authorizing Minister of Taxation to determine VAT account posting timing
- Measures to generally enter into force on Jan. 1, 2025
- Comments due by Sept. 23
- Measures not applicable to Faroe Islands or Greenland.
Source: news.bloombergtax.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.
