Which companies should submit ESG reports in Denmark?
With the growing importance of corporate sustainability and transparency, understanding the mandatory ESG reporting requirements in Denmark is important for businesses to ensure compliance and capitalise on the opportunities presented by comprehensive ESG disclosure.
Incorporation
Tax
VAT
Employees and payrolls
Closure
GDPR
Cash report
Accounting
Audit
Transfer Pricing
Controlled Transactions
Reassumption
Forced dissolution
Holding company
Dividend
Accounting software
Corporate tax
Home office
Budget
Sales invoice
General Meeting
Bankruptcy
Shareholder loan
Description of Accounting Procedure
Tax for Sole Proprietors
ESG
Which companies should submit ESG reports in Denmark?
With the growing importance of corporate sustainability and transparency, understanding the mandatory ESG reporting requirements in Denmark is important for businesses to ensure compliance and capitalise on the opportunities presented by comprehensive ESG disclosure.
Tax Credit Scheme for Research & Development costs in Denmark in 2024
The Tax Credit Scheme in Denmark is a government initiative designed to improve the cash flow of companies that invest in R&D activities. Under this scheme, companies can receive an advance payment of the tax...
Why is it important to apply interest on intercompany loans and shareholder loans in Denmark?
In this blog, we examine why it is important to apply interest on intercompany loans and shareholder loans in Denmark in 2024. For loans between related parties, if the interest rate set does not correspond...
Avoid problems when applying for VAT registration in Denmark
In this blog, we describe how to avoid problems when applying for VAT registration for a new ApS. One of the more significant changes we have seen this year is increased due diligence by the...
Which insurances are mandatory for your business in Denmark?
In this blog, you can learn which insurances are mandatory for your business in Denmark in 2024 and which insurance that are voluntary. Together with your insurer, it is recommended to look at the needs...
Controlled Foreign Company (CFC) rules in Denmark for 2024
Controlled Foreign Companies (CFC's) have become tightly regulated in Denmark as more corporations look to minimise their tax liability by offshoring their subsidiaries to lower-tax countries. As corporations increasingly do business across multiple continents, the...
How to choose the best accounting software for your business
Accounting software has become a core function in the modern business world, and it’s easy to understand why. Both large and small businesses in Denmark use online accounting software to simplify or automate most key...
Transfer Pricing rules in Denmark for 2024
Transfer Pricing rules in Denmark have changed many times over the last couple of years. It is now mandatory for larger companies in Denmark to submit Transfer Pricing documentation each year. It was required to...
Controlled transactions in Denmark in 2024 – What is your obligation as a majority shareholder?
Majority shareholders, who are physical persons and limited or fully tax residents in Denmark, must submit a special declaration each year to the Danish Tax Agency relating to controlled transactions between themselves and their controlled...
How to reassume a company faced with a compulsory dissolution
When a limited liability company (in Denmark, most often ApS or A/S) fails to submit the annual report on time, the Danish Business Authority will request the Danish Maritime and Commercial High Court to dissolve...
Cash flow budget for 2024 – and why having one matters for your business
A budget isn’t just an expense-cutting tool; it can help you grow your business by providing you with the structure you need to make smart financial decisions. By creating a cash flow budget, you can...
How can a non-resident company pay a salary to an employee in Denmark in 2024?
Sometimes a non-resident company wants to hire just a single employee in Denmark. Due to the very low scale of activities, it is sometimes not feasible to incorporate a new resident company or to create...
How do you distribute an extraordinary dividend in an ApS in 2024?
A dividend is part of the profit paid out to a company's shareholders. Capital companies like ApS and A/S can distribute dividends after the first fiscal year ends and the annual report is approved at...
What is a holding company?
A holding company is a limited liability company that primarily owns shares in other companies. The companies that a holding company owns are called operating companies. A holding company in Denmark can be structured as...
What shall a sales invoice in Denmark contain?
When you sell a product or service to a client, you always need to issue a normal invoice, a simplified invoice or a receipt as a Danish business. In this blog, we describe what the...
Moms One Stop Shop rules in Denmark – “MOSS”
If you sell products or certain services to consumers in the EU where VAT is settled in the buyer's country of residence you can declare and pay the VAT in a system called “Moms One...
How do you prepare minutes from your Annual General Meeting in 2024?
If you are the director and or shareholder of a Danish limited liability company - either an ApS or A/S - then you will need to approve the annual report for the company once per...
How to open a company bank account in Denmark in 2024?
In this blog, we will explain how you can open a company bank account in Denmark for your company. It is getting very hard for companies to get a company bank account in Denmark, but...
How to convert your sole proprietorship to ApS in 2024
Learn how to convert your sole proprietorship to ApS in 2024. There can be many reasons why you would want to convert your sole proprietorship to ApS. Very often, it relates to limited liability or...
Can a consultant invoice through an ApS?
Just because you issue an invoice through an ApS for your consulting services does not necessarily make it a company income. In some circumstances, you might have just put yourself at risk of double or...
How to scan your invoices to e-conomic using the e-conomic app
We have made a guide for you here that shows how to scan your invoices to e-conomic using the e-conomic app. It is very helpful for us when you scan your invoices since we can...
Why shareholder loans in Denmark are a really bad idea
Shareholder loans can be anything from payments done using the company credit card to pay for a private cost on behalf of a shareholder to salary advances paid to a shareholder when a payslip has...
4 important steps to follow after your new ApS is incorporated
After your new ApS is incorporated there are 4 important steps to follow. If we incorporated the ApS for you we can assist you get these 4 steps done correctly.
What is the bankruptcy procedure for an ApS in Denmark in 2024?
Almost every person that has ever tried to start their own company, knows the fear of running out of money. When you have a company, the technical term for that, is to go "bankrupt" -...
How to close an ApS in 2024
There are 5 important types of closures and proceedings to know: 1: Voluntary liquidation (decided by the shareholders) 2: Compulsory dissolution (ordered by the court) 3: Restructuring 4: Bankruptcy (petition filed by the company or...
Price for incorporating an ApS in Denmark
Our fee for assisting you with incorporating a new ApS is 3.000 DKK + VAT. During the process of incorporation, we also need a lawyer to confirm your deposit of the share capital into a...
Corporate income tax, dividend tax and dividends for ApS and A/S in Denmark in 2024
Limited liability companies in Denmark (ApS or A/S) pay corporate income tax on their taxable profits. Denmark's corporate income tax rate is 22% for most limited liability companies in 2024. After corporate income tax is...
What Accounting and Payroll Services do we offer Corporate clients?
Dania Accounting provides accounting services, payroll services, and other services to corporate clients based in Denmark. We ensure your accounting remain efficient, accurate, streamlined and compliant. We work together with most of the major audit...
How to deduct car costs from tax when using a private car for work and business
We look at two types of car costs when considering tax in Denmark: Driving to and from work in a private car and driving on behalf of a business in a private car. The car...
What can you deduct in VAT when driving a van for your company?
A van used for transporting goods or tools for your company is eligible for VAT deductions when the company is registered for VAT, but the rules are different depending on the maximum payload of the...
How to pay VAT or get a VAT refund in 2024
This blog will cover how to pay VAT or get a VAT refund in 2024. VAT means "Value Added Tax". The VAT rate in Denmark is 25%. It is a form of sales tax that...
What information do we need to incorporate an ApS in Denmark?
In this blog, we describe what information we need to incorporate an ApS in Denmark. An "ApS" is a Danish limited liability company structure and this is the most common type of limited liability company...
Audit requirements in Denmark for annual reports in 2024
Audits of annual reports are not mandatory for most companies in Denmark in 2024. In general, larger limited liability companies need to be audited, and smaller companies do not need to be audited. The difference...
What Accounting and Payroll Services do we offer small business owners?
Headquartered in Copenhagen, Denmark, we specialise in helping customers get their accounting, payroll, annual report and tax returns done accurately and on time, at a fair price, while still being compliant. If you need 1-2...
How to incorporate a new ApS in Denmark in 2024?
The ApS is a specific type of limited liability company in Denmark. As the owner of an ApS, you are not personally liable for the debts and obligations of the company. Here you can read...
What company structure should you choose in Denmark in 2024?
The 4 most common company structures in Denmark are: Sole Proprietorship, Limited Liability Company, Branch Office and Registration as a Foreign Company. When you decide between the company structures, you must consider your level of...