The Danish government has taken initial steps regarding a tax relief package to mitigate certain effects of the coronavirus (COVID-19) epidemic—including a bill that would allow for the deferral of the payment deadlines for certain tax and labor-related contributions, as well as postponement of the declaration and payment deadlines for value added tax (VAT) and other taxes.
A bill to provide tax relief measures was proposed 13 March 2020, and is expected to be considered, possibly within a few days. The purpose of the bill is to provide liquidity for the business community by postponing payment deadlines for taxes and labor contributions. The bill would not apply to the Faroe Islands and Greenland.
In summary, the measures in the bill would provide for:
Read a March 2020 report (Danish) prepared by the KPMG member firm in Denmark
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