- Proposal for a law amending the VAT Act, the Collection Act, the Tax Administration Act, and various other laws
- Consultation deadline: August 22, 2024
- With the bill, it is proposed to carry out a restructuring of penalty provisions in the tax area.
- It is proposed to repeal the rules on confiscation of goods subject to excise duty in i.a. the Chocolate Tax Act.
- It is also proposed to repeal the rules on auditor orders.
- In addition, it is proposed to repeal the rules on abbreviated settlement for company tax and tax on account.
- Finally, it is proposed that the scope of the rules in the VAT Act on credit limitation be limited.
- It is proposed that the law enters into force on 1 January 2025. The bill is covered by the common entry into force dates.
Source: hoeringsportalen.dk
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.
Latest Posts in "Denmark"
- Change in VAT Practice: Definition of “Irrelevant Purpose” and Reassessment of Extraction VAT
- Deduction Denied for Subcontractor VAT and Expenses; Liability for Withheld Taxes Upheld
- Denmark Court Upholds Denial of Business Registration Over Misrepresentation and Tax Evasion Concerns
- Requirement for Financial Security for VAT, A-tax, and AM Contributions Registration Upheld by Tax Appeals Board
- Deductibility of Input VAT for Unregistered Company: No Fraud, Case Remitted for Reassessment


 
        		 
        	










