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Denmark Publishes Law Extending Interest-Free Loans for VAT and Payroll Tax

12 May 2021

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Approved Changes

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Denmark

Denmark has published Law No. 779 of 4 May 2021 in the Official Gazette, which provides for the further extension of the interest-free loan (credit) scheme introduced for COVID-19 in relation to VAT and payroll tax payments for SMEs. The extension includes that qualifying taxpayers may request an interest-free loan for payroll tax payments due in April 2021 and deferred payments due in May 2021, with the loans to be repaid by 1 February 2023 and 1 May 2023, respectively. The extension also includes that qualifying taxpayers may request an interest-free loan for VAT payments due 1 June 2021 in...