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Summary of E-Invoicing and E-Reporting in Denmark

Regulatory Framework

  • E-invoicing is mandatory for B2G (business-to-government) transactions. Both parties must be capable of handling electronic invoices.
  • While B2B (business-to-business) invoicing is not yet mandatory, it is expected to be implemented soon due to the “Bookkeeping Act.”

Adoption Timeline

  • 2005: E-invoicing became mandatory for B2G transactions.
  • February 1, 2023: New regulations for digital reporting came into effect. Entities needed to notify the Danish Authority by October 31, 2023, to register their systems for digital reporting, effective from January 2024.
  • Upcoming deadlines:
    • January 1, 2025: Companies required to submit annual financial statements using unregistered accounting systems.
    • No earlier than July 1, 2026: Personal ownership companies with a net turnover exceeding 300,000 DKK in the last two fiscal years.

Scope

  • B2G Transactions: The Danish government and public institutions require invoices to be sent electronically in a standardized format.

 Involved Parties

  • Reception and Processing: Central, regional, and local authorities.
  • Transmission: Economic operators and suppliers to public entities.

Model

  • Denmark employs a Centralized CTC Model with a national infrastructure called NemHandel, which aligns with Peppol’s structure and principles.
  • The Danish government aims to gradually phase out the NemHandel infrastructure in favor of Peppol.

Formats and Requirements

  • Formats: Electronic invoices can be in OIOUBL (based on UBL 2.0) or Peppol BIS 3.
  • Invoices must be archived for 5 to 10 years from the date of receipt.
  • Digital signatures are not mandatory.

Source Digtechs


See also

  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

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