author_orbitax
Orbitax

Share This Article

Denmark Temporarily Suspends Dividend Withholding Tax Refunds amid Fraud

01 September 2015

|

Approved Changes

|

Denmark

Due to suspected tax fraud involving dividend withholding tax refund claims amounting to nearly DKK 6.2 billion (~USD 0.9 billion), the Danish tax authorities (SKAT) have temporarily suspended the processing of refund claims. Although processing is currently suspended, SKAT still expects to complete processing of pending claims within the statutory 6-month period, although the process will likely include greater scrutiny. A suspected tax fraud report was filed with the Danish Public Prosecutor for Serious Economic Crime on 24 August 2015, involving more than 100 non-resident companies during the tax years 2012 to 2015. The fraudulently claimed refunds primarily concerned Danish...