The Danish Ministry of Taxation June 26 opened a consultation on Draft Bill No. 2022-13809, to amend the law on the taxation of share savings accounts, and on other laws. The bill includes measures to: 1) permanently extend the tax payment deadline applicable to share savings accounts; 2) reintroduce the reporting requirement for hybrid core capital, and introduce a reporting requirement for distributions of liquidation proceeds; 3) adjust special rules on the right to deduct business salary expenses to allow deductions of payments for non-jointly taxed foreign group companies’ salary expenses; 4) repeal rules waiving Danish tax on dividends for …
Denmark Tax Ministry Seeks Comments on Draft Bill to Amend Share Profits Taxation, Other Taxation
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The Danish Ministry of Taxation June 26 opened a consultation on Draft Bill No. 2022-13809, to amend the law on the taxation of share savings accounts, and on other laws. The bill includes measures to: 1) permanently extend the tax payment deadline applicable to share savings accounts; 2) reintroduce the reporting requirement for hybrid core capital, and introduce a reporting requirement for distributions of liquidation proceeds; 3) adjust special rules on the right to deduct business salary expenses to allow deductions of payments for non-jointly taxed foreign group companies’ salary expenses; 4) repeal rules waiving Danish tax on dividends for …
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