On 31 March, the Danish Ministry of Taxation announced that all disclosure deadlines for the 2019 income year are extended until 1 September 2020. In addition, the deadline for other disclosures following the submission deadline of the disclosure form is also extended until 1 September 2020. This applies to e.g. transfer pricing documentation, which must be prepared on an ongoing basis and be available no later than at the time of the disclosure deadline as well as to requests for payment under the Danish tax credit scheme for R&D-related costs.

The deadlines are extended automatically, so you will not need to apply for an extension to 1 September 2020. 

• Employed persons etc. receiving a tax assessment notice with a deadline on 1 May.
  
• Small traders, e.g. parents engaged in letting out apartments to their children, receiving a tax assessment notice with a deadline on 1 July.
• Self-employed persons and citizens with foreign income etc. who must submit a disclosure form no later than 1 July.
• Companies and other legal entities who must submit the disclosure form for the 2019 income year no later than 31 March 2020 and later. 

For self-employed persons, a subsequent disclosure will imply both advantages and disadvantages, since interest accrual on possible residual tax has not been suspended.

Companies waiting to submit their information until 1 September will not face any significant disadvantages. The relevant companies and postponed deadlines are shown below in the following table:

If you have any questions to the above, you are more than welcome to contact our experts:

Partner in Corporate Tax Peter Rose Bjare 

Senior Manager in Corporate Tax Lars Terkilsen