Denmark News

OECD Releases 2020 Tax Trends Report
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as a result of the COVID-19 pandemic, according to the OECD's newly released annual Revenue Statistics report. Read Full Story

Cyprus Adds To Guidance On Calculation Of NIDs
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, September 29, 2020
The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland. Read Full Story

OECD Releases Taxing Wages 2020 Report
by Ulrika Lomas, Tax-News.com, Brussels
Friday, May 15, 2020
The OECD has released its Taxing Wages 2020 report, which highlights that taxes on labor across the OECD countries fell for the sixth consecutive year in 2019. Read Full Story

EU Member States Slow To Implement VAT Quick Fixes
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, February 6, 2020
The European Commission has launched infringement proceedings against 14 member states for failing to implement the so-called value-added tax quick fixes. Read Full Story

EU Approves New Tonnage Tax Schemes
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 31, 2019
The EU has approved under state aid rules the introduction of a tonnage tax scheme in Estonia and the prolongation of a tonnage tax scheme in Cyprus. Read Full Story

BEPS Changes To Nordic Double Tax Agreement To Take Effect
by Ulrika Lomas, Tax-News.com, Brussels
Monday, December 2, 2019
The double tax agreement between the Nordic countries will be updated with new anti-tax base erosion and profit shifting provisions with effect from January 1, 2020. Read Full Story

Nine EU Finance Ministers Call For Green Tax On Aviation
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, November 26, 2019
Nine EU member states have called on the European Commission to draw up proposals for an EU-wide aviation tax. Read Full Story

New Zealand Tops World Bank's 'Doing Business' 2020
by Mary Swire, Tax-News.com, Hong Kong
Friday, November 8, 2019
New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Read Full Story

Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 15, 2019
The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Read Full Story

Denmark To Remove Special Tax Rules For Banks
by Ulrika Lomas, Tax-News.com, Brussels
Friday, May 10, 2019
On May 2, 2019, the Danish Tax Ministry announced that banks' right to deduct hybrid core capital for tax purposes will be removed. Read Full Story
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