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Denmark plans new interest rules for late tax payments and corrections

|Tax Alerts, Legislation & Policy, Na ...|Denmark
Denmark

  • Under new legislation, amounts that are not paid on time to the tax account, such as in the case of corrections and late submissions, will be subject a new interest calculation method.
  • In addition, the monthly fixed interest rate will increase from 0.7% to 0.85%.
  • The final consequences are still uncertain, as the difference in the effective interest rate varies depending on the age of the debt, and …

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