Taxand Denmark delivers a summary of tax updates in their March newsletter.
Suspected fraud with Danish dividend withholding tax:
In November 2015, the Danish Tax Authorities announced that they had filed a report with the Danish Public Prosecutor for Serious Economic Crime regarding suspected tax fraud of an additional amount of DKK 2.9bn (approx. EUR 0.4bn).
Critique of the Danish Tax Authorities’ control of repayment of Danish dividend withholding tax:
In February 2016, the results of the Danish National Audit Office’s investigation into the circumstances allowing for suspected fraud involving an amount expected to exceed DKK 9.1bn (approximately EUR 1.2bn) were published.
Taxpayers in Denmark should take note of this update to ensure they remain compliant.