- Expansion of Digital Bookkeeping Regulations: Denmark has broadened its digital bookkeeping regulations to include companies that previously had no obligation to submit financial reports, effective January 1, 2026, impacting approximately 118,000 additional businesses.
- New Compliance Requirements: The executive orders mandate that personally owned businesses and associations with annual turnovers exceeding 300,000 DKK (approximately 40,000 EUR) for two consecutive years, as well as subsidiaries of financial companies previously exempt, must comply with the digital bookkeeping act.
- Benefits and Implementation: The Danish Business Authority’s evaluation indicated that the costs of implementing digital bookkeeping systems are lower than expected, with significant potential savings. Businesses must adapt their systems to meet the new requirements by the 2026 deadline, enhancing financial reporting and transparency through capabilities like electronic invoicing.
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
