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Protocol to treaty between Denmark and US

17 December 2006

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Treaty Development

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Denmark-US

On 4 October 2006, the Danish Minister of Taxation submitted Bill No. 30 to the parliament. It is proposed to adopt a protocol amending the Denmark–United States income tax treaty. The protocol, among other things, provides for a zero withholding tax in respect of inter-company dividends for a company resident in a contracting state, which owns, directly or indirectly through one or more residents of either contracting states, shares representing 80% or more of the voting power in the company paying the dividends. The protocol will enter into force as from the first day in the second month after exchange...