Denmark: Various tax amendments enacted

Including elimination of dividend taxation on tax-exempt portfolio shares, increase in loss carry-forward limit and R&D tax credit cap

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March 18, 2025

Law No. 1691, issued on December 30, 2024, enacted the following tax amendments:

  • Elimination of dividend taxation on tax-exempt portfolio shares—effective January 1, 2025
  • Increase in the loss carry-forward limit to around €2.8 million—effective January 1, 2025
  • Increase in the research and development (R&D) tax credit cap to €4.7 million per group—effective January 1, 2027


For more information, contact a KPMG tax professional in Denmark:

Lars Terkilsen | lars.terkilsen@kpmg.com

Caroline Thomsen | caroline.b.thomsen@kpmg.com

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