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Denmark publishes draft bill introducing tax liability for activities carried out in Denmark's Exclusive Economic Zone

07 July 2022

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Tax Alerts, Legislation & Policy

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Denmark

On 24 June 2022, the Danish Minister of Taxation published a draft bill expanding the scope of tax liability for nonresident companies and individuals engaged in activities outside of Denmark’s sea territory (12 nautical miles) but within Denmark's Exclusive Economic Zone (EEZ). The draft bill will be subject to public consultation until 18 August 2022, after which it will be presented in Parliament.Currently, Denmark only levies tax on nonresidents activities in the EEZ related to hydrocarbon activities. The draft bill will expand the scope of tax liability to nonresident companies meeting all of the following conditions: (i) activities are carried...