Denmark
Denmark is one of the 27 Member States of the European Union.
Basic VAcTs
Latest update | 01.06.2024 |
Country ISO Code | DK |
EU Member State | Yes |
VAT Rates | |
Standard VAT Rate | 25% |
Reduced VAT Rate | n.a. |
Special Reduced VAT Rate |
n.a. |
VAT Compliance | |
Standard VAT Return filing period | Monthly, calendar quarter or half year (6 months) |
Standard VAT Return filing deadline | 25th day of the month following the filing period or last day of second month following filing period |
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses, except Norway, Iceland, Greenland and Faroe Islands |
Record retention period | 5 years |
Electronic invoicing | Not mandatory for B2B transactions |
Real-time reporting | n.a. * |
Special Rules | |
General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
No |
Other domestic reverse charge mechanisms? | Yes, e.g. (sub-)contracting work, supplies of specific goods (e.g. scrap, waste materials, IT-products) |
Postponed Accounting on Import | Yes |
VAT Grouping possible? | Yes |
VAT Refunds for non-EU businesses? | Yes (no reciprocity) |
Remarks | |
Link to VAT Law | HERE |
Remarks | * There are real-time reporting requirements for 'cash transactions' |
Here's an overview of the latest VAT news for this country.