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Report from Tax Commission published – corporate tax implications

16 March 2009

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Proposed Changes

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Denmark

On 2 February 2009, the Tax Commission, whose members were appointed by the government in early 2008, published its long-awaited report for a tax reform proposal. The report is expected to give rise to much political debate and subsequently lead to new bills. Below are the most important proposals regarding corporate taxation. Further details will be reported subsequently. Deductibility of lawyers' and auditors' fees Currently, expenses related to fees paid to lawyers and auditors in connection with expansion of business activities (e.g. acquisition of shares) are deductible. The Tax Commission proposes that the deductibility of lawyers' and auditors' fees should...