Should you use the Danish Financial Statements Act, GAAP or IFRS in Denmark?

In Denmark, whether a company uses the Danish Financial Statements Act, GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards) for its annual reports depends on the size of the company and whether...

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Should you use the Danish Financial Statements Act, GAAP or IFRS in Denmark?
Why is it important to apply interest on intercompany loans and shareholder loans in Denmark?

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...

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Controlled Foreign Company (CFC) rules in Denmark for 2024

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...

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Transfer Pricing rules in Denmark for 2024

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...

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What is a holding company?

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...

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Can a consultant invoice through an ApS?

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...

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Corporate income tax, dividend tax and dividends for ApS and A/S in Denmark in 2024

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...

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How to depreciate tangible and intangible assets in Denmark?

How to depreciate tangible and intangible assets in Denmark?

There are two different kinds of depreciation: one relates to accounting rules and the other to tax rules. The accounting rules we follow when we make a financial report. The tax rules we follow when...

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