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Denmark Legislative program for 2024-2025 Includes Several Tax Amendments

16 October 2024

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Proposed Changes

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Denmark

The Danish government recently published the Legislative program for the parliamentary year 2024-2025], including legislation for various tax amendments. Some of the main amendments include: Abolishing the immediate deprecation of computer software, know-how, and patent rights; Increasing the deduction for R&D expenses to 114% in 2026, 116% in 2027, and 120% from 2028; Abolishing the taxation of dividends received by companies on tax-free portfolio shares; Introducing a VAT zero-rate for domestic airlines' domestic flights, corresponding to the VAT zero-rate that applies to international airlines' domestic flights; Adjusting the implementation of the EU small business scheme for cross-border supplies, which will...