Denmark Gazettes Executive Order Amending VAT Law

The Danish Official Gazette Dec. 5 published Executive Order No. 1435, amending the VAT law. The amendments include topics: 1) establishing regulations for investment goods and defining the partial right of deduction in VAT calculations; 2) encompassing guidelines for the sale of real estate and the transfer of other investment goods; 3) delineating the procedures for Danish companies and companies outside the EU to claim VAT refunds; 4) defining invoice requirements and establishing guidelines for declaration and accounting; 5) introducing special provisions for EU trade, creating a framework that facilitates smooth transactions within the European Union; and 6) establishing penalties ...