Denmark recently introduced a requirement to pro-actively submit transfer pricing documentation (TPD) annually to the Danish tax authorities. Failure to submit within the applicable deadline will likely result in automatic financial penalties. Most companies within scope will need to submit their financial year (FY) 2021 TPD by 29 August 2022.Summary of LegislationFor financial years starting on or after 1 January 2021, new legislation requires TPD to be submitted annually. The deadline for submitting compliant documentation is 60 days after the due date for the filing of the annual corporate income tax return. Therefore, for financial years ended on 31 December...