Tax Updates for Denmark

Posted in News, Taxation

In an effort to make it easier for companies operating in Denmark to bring in international employees, a new tax bill amendment has been submitted to the Danish parliament. This amendment allows for tax incentives for highly skilled workers and reduces VAT and excise tax burdens. The tax incentive will only apply if the employee is earning more than 63,700 kroner per month. If passed, it should apply from 1 January 2018 along with the rest of the budget package for 2017. The amendment will encompass:

  • An extension of the research tax programs from five to seven years
  • An increase in the gross tax rate from 26% to 27% for highly skilled workers
  • A progressive reduction of the raw materials tax for chocolate, eventually will be a move to abolish it completely
  • An abolition of an additional tax on alcoholic beverages
  • An abolition of VAT on tea and tea extracts

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