On 28 and 29 May 2009, the parliament passed the law proposals regarding the tax reform, which will generally enter into force on 1 January 2010. The new rules regarding dividends are effective for dividends which are distributed from 1 January 2010. The main amendments are summarized below: Taxation of dividends and capital gains on shares harmonized Shares are classified into three different classes: -   Subsidiary shares – shares where the shareholder owns directly at least 10% of the nominal share capital of the company. Furthermore, if the subsidiary is not a Danish resident the dividend income must be...