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Proposal for Law Amendment: Streamlining and Modernizing Tax Sanctions in Various Laws

  • 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.

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