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Draft Bill Submitted in Danish Parliament for First Phase of Green Tax Reforms

02 March 2021

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Proposed Changes

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Denmark

The Danish government has submitted in parliament draft bill L 178, which provides for the introduction of measures for the first phase of Denmark's green tax reform plans as part of efforts to reduce emissions by 70%. The measures of the draft bill include: An increase in the immediate (full) depreciation limit for SMEs from DKK 14,100 to DKK 30,000 in 2021 for investments in new and green operating assets; A 16% increase in the depreciation basis (116% of acquisition cost) for investments in new assets made by all companies between 23 November 2020 and 31 December 2022 (excludes passenger...