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Danish Parliament Approves Tax Law Changes to Benefit Small Businesses and Artists

  • Danish Parliament accepted Bill No. L 119 to amend tax laws
  • Measures include exempting VAT on small business turnover up to 50,000 Danish kroner
  • First sale of a taxable person’s artwork exempt up to 300,000 kroner
  • Effective Jan. 1, 2025

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.

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