Denmark: Draft legislation proposing additional reporting for VAT-exempt taxpayers
Draft legislation proposing additional reporting for taxpayers that have activities that are exempt from VAT
Draft legislation proposing additional reporting for VAT-exempt taxpayers
The Minister of Taxation published draft legislation (L 75) proposing additional reporting for taxpayers that have activities that are exempt from value added tax (VAT) under section 13 of the VAT Act.
Under the draft legislation, a taxpayer must state whether it has VAT-exempt activities and, if so, specify the amount of the taxpayer's partial right to deduct.
The possible effective date of the draft legislation is not yet known.
Read an April 2023 report (Danish) prepared by the KPMG member firm in Denmark
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.