Denmark Tax Changes — Live Tracker

What changed

All Danish companies filing under reporting classes B, C, and D are now required to submit XBRL-tagged financial statements to Erhvervsstyrelsen (the Danish Business Authority). Micro companies (class A) remain exempt. The requirement strengthens machine-readability of financial data, and Erhvervsstyrelsen has increased scrutiny and penalties for late or incorrectly formatted filings.

Who it affects

• Limited companies (ApS and A/S) in reporting classes B, C, and D
• Branch offices of foreign companies required to file in Denmark
• Accountants and auditors preparing statutory accounts for Danish companies

What to do

Ensure your accounting software or auditor produces XBRL output that conforms to the Danish FSR taxonomy. Submit financial statements via Erhvervsstyrelsen's virk.dk portal within the legal deadline (typically 5 months after financial year-end). Contact your auditor if you are unsure of your reporting class or XBRL compliance.

What changed

The Bogføringsloven (Bookkeeping Act, 2022) mandates that businesses exceeding DKK 300,000 in annual net revenue use digital bookkeeping software that meets specific standards: automated recording of transactions, secure storage of records for five years, and compliance with DCSA-approved software standards. Manual or spreadsheet-only bookkeeping no longer satisfies the legal requirement. Erhvervsstyrelsen can impose fines for non-compliance.

Who it affects

• All businesses with annual net revenue above DKK 300,000
• Sole traders (enkeltmandsvirksomheder) and partnerships above the threshold
• Companies that previously relied on manual or spreadsheet bookkeeping

What to do

Confirm your annual net revenue against the DKK 300,000 threshold. If you are above it, migrate to an Erhvervsstyrelsen-approved digital bookkeeping system that supports automated transaction logging and compliant cloud storage. Ensure your system is set up before November 2024 to avoid penalty exposure, and retain all records for the mandatory five-year period.

What changed

Denmark transposed the EU Minimum Tax Directive via domestic legislation effective for fiscal years beginning on or after 1 January 2024. Groups with consolidated revenue of €750m or more in at least two of the previous four years must calculate effective tax rates per jurisdiction and pay a top-up tax (Income Inclusion Rule or QDMTT) where the rate falls below 15%. Danish entities in qualifying groups must file a GloBE information return.

Who it affects

• Multinational enterprise groups with consolidated revenue of €750m or more
• Danish parent companies of qualifying MNE groups
• Danish subsidiaries of foreign groups subject to top-up tax in their parent jurisdiction

What to do

Determine whether your group meets the €750m revenue threshold for two of the past four fiscal years. If so, engage a tax adviser to assess jurisdiction-by-jurisdiction effective tax rates, model any top-up tax liability, and prepare the required GloBE information return filings. Review existing structures and intercompany arrangements for potential effective rate impacts before year-end.

What changed

Under the Aktionærmodel, dividends and capital gains on shares for personal shareholders are taxed at 27% up to the annual threshold and 42% above it. The threshold is indexed annually — for 2025 it is set at DKK 61,000 per person (DKK 122,000 for couples). The Aktiesparekonto (ASK) annual deposit cap was also adjusted, allowing tax-advantaged investing up to the revised limit.

Who it affects

• Personal shareholders receiving dividends from Danish or foreign companies
• Company directors and founders receiving distributions from their own ApS or A/S
• Investors using the Aktiesparekonto (ASK) tax-advantaged account

What to do

Plan your dividend distributions to remain below the DKK 61,000 threshold where possible, as the 27% rate is materially lower than 42%. Married couples can each use the full threshold, effectively doubling the low-rate band. Check the updated ASK deposit limit for 2025 and ensure you maximise contributions to benefit from the flat 17% ASK rate on gains.

What changed

Under EU Directive 2017/2455 (effective July 2021), non-EU businesses supplying digital services (software, streaming, e-books, SaaS) to Danish consumers must charge Danish VAT at 25%. They can register via the One Stop Shop (OSS) scheme in any EU member state, removing the need for separate Danish registration. Marketplace platforms are liable for VAT on sales made through them. Denmark enforces these rules and cooperates with EU tax authorities to identify non-compliant overseas suppliers.

Who it affects

• Non-EU businesses selling digital services to Danish consumers
• Online marketplaces and platforms facilitating digital service sales to Danish buyers
• Danish businesses procuring digital services from non-EU suppliers (reverse charge applies for B2B)

What to do

If you are a non-EU business supplying digital services to Danish consumers, register for the EU OSS scheme in an EU member state of your choosing to account for Danish VAT at 25%. Danish B2B buyers of non-EU digital services should apply the reverse charge mechanism and self-assess VAT on their Danish VAT return. Ensure your invoicing software can handle OSS and reverse charge correctly.