Denmark Tax News

European Commission requested Spain to end infringement to the EC Parent-Subsidiary Directive concerning the use of anti-abuse measures

13 August 2006

Proposal to introduce a new tax account adopted

11 July 2006

Protocol to treaty between US and Denmark signed

14 June 2006

New rules on thin capitalization and withholding tax adopted

14 May 2006

Treaty between Luxembourg and Denmark covers Luxembourg SICAVS and SICAFS and Danish collective investment vehicles

16 March 2006

The first-time income tax treaty between Denmark and Taiwan, concluded between the Danish Trade Organization's Taipei Office and the Taipei representative office in Denmark on 30 August 2005, entered into force on 23 December 2005. The treaty generally applies from 1 January 2006. Further details will be reported subsequently.

16 March 2006

On 27 October 2005 the first-time income tax agreement between Denmark and Taiwan, which was concluded between the Danish Trade Organization's Taipei Office and the Taipei representative office in Denmark on 30 August 2005, was submitted to the Danish parliament for approval. The agreement will not apply to the Faroer Islands and Greenland. Further details will be reported subsequently.

6 December 2005

Denmark has recently concluded negotiations for first-time tax treaties with Croatia and Nigeria, and for a first-time agreement with Taiwan. Further details will be reported subsequently.

9 November 2005

New group taxation rules and reduction in corporate income tax rate

9 November 2005

On 31 May 2005 Denmark approved a law, which provides for a reduction of the corporate income tax rate from 30% to 28% with retroactive effect from 1 January 2005.

9 June 2005

Entry into force on 21 December 2004, effective as from 1 January 2005.

19 January 2005