Denmark Parliament Considers Bill to Amend Various Tax Laws

The Danish Parliament (Folketinget) Feb. 25 accepted for consideration Bill No. L 125, to amend various tax laws. The bill includes measures to: 1) abolish the chocolate and sugar product tax, and the coffee tax, from July 1; 2) reduce, to zero percent, from 25 percent, the VAT rate on books, including electronically delivered books, from July 1; 3) introduce a 1,750 Danish krone (US$276) individual income tax deduction for commercial exercise and music lessons for individuals over the age of 30, from Jan. 1); 4) increase the extra employment allowance for seniors and extend, to five years from two, ...